Foreign Clearing Officer - Nigeria Job at Standard Chartered Bank Plc

[Jobrib]

Job Title: Foreign Clearing Officer

Employer: Standard Chartered Bank Plc (SCB)

Job ID: 415751

Job Function: Technology & Operations

Location: Lagos, Nigeria

Full/Part Time: Full time

Job Description: To ensure end to end processing of FCY Cheques For Collection, Cheque Purchase and Inward Collection; adhering to all policies and procedures and maintaining quality service.

Key Roles & Responsibilities:

•Process all foreign cheques received in line with the payment guidelines, ensuring compliance with operational procedures and regulatory controls.

•To ensure that all applicable pre-processing checks; signature verification, funds sufficiency checks, , AML and sanctions checks for inward collection, alteration properly signed off, irregularity checks under UV light, etc. are confirmed before processing of foreign cheques received.

•To ensure call-back verifications are performed before processing all foreign cheque transactions which fall within the established threshold limits in-country.

•Ensure that all foreign cheques received from branches are checked for apparent irregularities and mailed appropriately within prescribed timeline per DOI

•Daily review of FCY purchased accounts and timely follow-up with branches for debit posting to the account after 24hrs for which the instruments have not been received.

•Ensure all transactions are processed within agreed Service Level Agreement (SLA)

•Daily review of all open items on Nostro for credit relating to foreign cheques sent for collection and to ensure timely realization of such credits.

•Ensure customer satisfaction through Operational Efficiency and Service Delivery.

•Ensure weekly reports for reconciliation of cheques not realized report' on EBBS and investigation of outstanding items on 'cheque purchase suspense account' are prepared for review and sign-off by the manager.

•Process stop draft requests in line with CMO guidelines, ensuring compliance with operational procedures and regulatory controls.

•Weekly review of daily Cheque Purchase and Other Bank Collection register for any delayed receipt of cheque proceed and ensure tracers are sent to drawers' banks for such delayed proceeds of cheques sent for collection over 21days.

•To receive and collate all inward messages received from other Banks, review with the International Payments Manager ensuring response to all messages.

•Investigate and respond to all complaints relating to foreign cheques and ensure quick resolution of such issues.

•To communicate feedback on all enquiries to all necessary parties regularly.

•To have access to filenet and to scan signed off copies of tracers (MT202) to Checker for transfer to HUB for onward release to the correspondent or drawer's bank as the case may be.

•Ensure all stock of cash letters and received foreign cheques are kept in fireproof cabinet at the end of every day.

Qualifications & Skills:

•   Minimum of of BSc second class lower degree

•   Working knowledge of SCB's Payment policy manual and swift standards

•   Good written and verbal communications

•   Basic PC skills – word processing and spreadsheets

•   Adaptable and flexible

•   Independent and innovative.

•   Ability to identify, analyze and manage operational risks

•   Good knowledge of  local forex regulations

In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme. A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption will also be required.

Apply to this job