Trade Returns Officer Job at Stanbic IBTC Bank Plc

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Job Title: Officer, Trade Returns

Employer: Stanbic IBTC Bank Plc

Parent Company: Standard Bank Group

Sector: Banking and Finance

Job ID: 11676

Location: Lagos, Nigeria

Division: Group Operations

Position Category: Business Support

Employment Type: Full Time – Permanent

Shift: No

Regulatory Approval: Yes

Job purpose: To produce timely and accurate regulatory /compliance returns, ensuring that Stanbic IBTC stays in step with the statutory requirements of Central Bank and other regulatory bodies. Automating the end-to-end workflow of regulatory reporting — from data capturing to validation (at our end) viz-a-viz report delivery to CBN with zero error tolerance.

Key responsibilities

DAILY RETURNS

• Spools the daily FX trading from Calypso.

• Import the transaction onto an excel sheet.

• Classify transactions on excel into different categories.

• Ensure that the Closing Positions (from Market Risk Report & Returns) agree.

• Prepares the daily (DTRs)

• Fill CBN's Data Submission System/eFASS and generate an XML file.

• Generate jar file from XML file.

• Upload the jar file via eFASS to CBN.

MONTHLY RETURNS

• Consolidate the daily DTRs to generate the month end returns(MTRs)

• Fill CBN's Data Submission System/eFASS and generate XML files for each of the returns (listed above).

• On DSS, generate the jar file for all the reports

• Upload the jar file to CBN (on or before the 5th day of the succeeding month or the next working day if 5th falls on a weekend)

• Back-up for other Exchange Control Officers (FECD)

• Any other duties that may be assigned from time to time.

Back up functions;

• Back up for CCI desk

Customer Service;

• Enhance the bank's image through effective customer service.

• Maintain a good service relationship with Treasury/GMO

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  units  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

Key performance measure;

• Consistent achievement of high levels of customer service and satisfaction

• Compliance and improvement on turn- around times (TAT)

• Reduction of costs and increased throughput (output)

• Compliance to regulatory requirements governing banking practices

• Effective management and mitigation of operational risks

• Constant feedback and support to Team Leader, Regulatory Reporting & CCI.

• Error free processing-zero errors

• Proactive approach to work, willing to take responsibility, ownership and throughput.

Required Skills and Qualifications:

Experience;

•      Minimum of a bachelors degree in any discipline

• 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;

• 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:

Technical competencies;

• Risk identification and assessment skills

• Ability to identify trends and make recommendations to Management

Personal competencies;  

• Excellent interpersonal and communication skills (across the business)

• Strong customer 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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