Compliance Officer Job at Stanbic IBTC Bank Plc

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Job Title: Compliance Officer

Job ID: 10784

Location: Lagos, Nigeria

Company: Stanbic IBTC Bank Plc

Parent Company: Standard Bank Group

Sector: Banking and Finance

Position Description: To support and assist International Business Center (IBC) team by providing efficient and effective transaction processing so as to provide a simpler better and faster customer service, minimize operational losses as well as ensure good customer relationships.

Other ker responsibilities inculde:

•   Record submission of vouchers and source documents in call-over register and sign-off entry.

•   Generate and print the transaction journal for entire IBC team for the day and call-over the vouchers and source documents.

•   Note errors discovered on the printed journal and in the call-over exception register/form.

•   Forward the list of errors as noted in the exception register/form to the teamleader/unit head of the posting officer for correction.

•   Update exception register/form with action taken.

•   Forward call-over journals to the head, Exchange Control and Compliance for review and sign-off.

•   Arrange all individual envelopes in a single IBC call-over envelope, fill-out details on the envelope and forward envelope to the archive at regular interval.

•   Balancing of Fx Allocation accounts and providing breakdown i.e Fx Allocation account proof (Monthly)

•   Collating and co-ordination of monthly IBC performance tracker

•   Reconciliation of IBC trade transaction suspense (GL 5205009) and providing breakdown daily.

•   Prepare the grouping, schedule and co-ordinate the quarterly self audit.

•   Ensuring compliance of the Exchange Control Documents within regulatory framework.

•   Any other assignment as assigned by management

•   Resource Utilisation

•   Ensures effective, efficient and optimal utilisation of all resources (human and capital) to be responsive to competitive pressures, changing market conditions, client needs and business strategies

•   Operational Performance

•   Identifies and defines tactical operational performance metrics geared towards meeting the teams objectives by leveraging opportunities.

•   Collaborates with other areas to ensure that best practices and a standard approach is followed.

•   Provides accurate and timely MIS as per the matrix agreed with Centre (ROA Operations) to enable informed decision making.

•   Control

•   Identifies, assesses and mitigates the risks facing both systems and business processes thereby minimising the operational risks.

•   Problem-solving

•   Required to follow laid-down policies and procedures at all times.

•   Deal with a wide range of customer queries, showing sensitivity to customers' individual requirements as well as the bank's laid-down operational/procedural limitations.

•   Refer problems falling outside of parameters to the supervisor for resolution.

•   Able to take the initiative within limits of authority.

•   Proactive end to end query management

•   Self Development

•   Identify appropriate formal and occupational (informal) training needs and courses (internal/external) to develop yourself under discussion with Team Leader.

•   Up-Skill yourself regarding new products and procedures through attendance of workshops/presentations and reading of internal and external communications.

•   Share knowledge acquired from courses and apply knowledge gain for value added to job role performance

Required Skills and Qualifications:

•   Minimum of a Bachelors degree in Business Management or any related discipline; Applicable certifications will be an added advantage  

•   2- Year's banking experience; experience in Trade, Payments, Swift, Exchange Control would be an advantage.

•   Working knowledge of rules and regulations governing Payments and Trade

•   Attention to detail and results oriented

•   Work in a fast paced environment

•   Knowledge of the products processed in Exchange Control and Compliance.

•   An extensive knowledge and understanding of the various systems used within the department.

•   Comprehensive understanding of banking transaction processes relevant to products and services offered to customers.

•   Practical knowledge of how to input access and utilize information to analyze forecast trends.

•   Knowledge of the applicable legislation.

•   Understanding of the Bank's systems, processes and procedures.

•   Understanding the basics of team dynamics and participation in developing and maintaining a team culture.

•   Broad understanding of international business operations.

•   Broad understanding of problem resolution in respect of role

•   Knowledge in Foreign Exchange Controls and any other guidelines

•   Knowledge of rules governing trade and Treasury transactions

Required Competencies:

•   Strong numerical skills

•   Risk identification and assessment skills

•   Ability to identify trends and make recommendations to Management

•   Excellent interpersonal and communication skills (across the business).

•   Strong customers focus and service orientation.

•   Creative, analytical with good problem solving skills.

•   Self driven, values based, innovative, independent adaptive and results orientated person.

•   High emotional intelligence.

•   Respond positively to change- be flexible, pro-actively encourage change.

•   Teamwork skills – consistently promote teamwork, and add value within the team.

•   Independent and energetic – Needs to be self-motivated, enthusiastic and show initiative with a sense of responsibility.

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