First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest monetary companies establishment by complete belongings and gross earnings. With greater than 10 million buyer accounts, FirstBank has over 750 branches offering a complete vary of retail and company monetary companies. The Bank has worldwide presence by way of its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, in addition to its Representative Offices in Johannesburg, Beijing and Abu Dhabi.
The Job : Head, Trade Services
Job Status: Full Time Job,Graduate/Exp
Location: Lagos, Nigeria
Ref No: 19000044
- Ensure that First Bank delivers superior stage of customer support in Trade Services for Corporate Banking clients
- To present session to RMs / clients in structuring transactions
- Assist within the advertising and marketing of Trade Services to energetic and non-active clients, in search of referrals from client base, together with monitoring transaction statistics and restrict utilization
- To guarantee compliance of all inside procedures and operations controls.
- To determine course of re-engineering alternatives for improved enterprise practices and value financial savings and repeatedly improve the Quality Management Systems within the division
- Ensure that Trade Finance Services offers worth added consultative companies to its inside and exterior clients, proposing commerce options that can customise buyer’s financing to cut back working capital
- Co-ordinate actions of the Unit in accordance with recognized financial institution objectives to acquire optimum effectivity, and maximize earnings by performing the assigned duties personally or by way of subordinates. Maintain a detailed working relationship with workforce colleagues, sharing info and dealing collectively to ship a high-quality assist to service customers (inside and exterior clients).
- Serves as the important thing liaison individual for RMs inside the unit and carries out duties and actions referring to commerce transactions for varied RMs. Also, shall act because the Risk Self-Assessment (“RSA”) facilitator (as and when referred to as upon) on commerce transactions for the enterprise models and enterprise processes and helps clean conduct of commerce transactions
- Maintain consciousness and data enchancment surroundings and develop idea and strategies to enhance identical for members of workers inside the Bank
- Uphold, safeguard and promote the financial institution’s actions within the Forex utilization in a manner that doesn’t contravene the principles and rules of the CBN
- Anticipate analysis and report on future adjustments in import/export legal guidelines and in related native territory practices, and guarantee such data is factored into the planning of the BU’s personal technique, assets and procedures.
- Maintain and share with colleagues as acceptable, private data of all related import/export legislation and procedures; tariffs and duties; licenses and restrictions
- Plan and implement import/export technique and actions per general progress of our market share.
- Manage all workers reporting to the place to successfully prepare, consider, encourage, delegate and monitor their actions
- Use private judgments and initiative to develop efficient and constructive options to challenges and obstacles in import/export exercise and procedures
- Supervise Team Lead 1 which oversees kind M Processing, LC institution, money affirmation, clear line, mortgage reserving, and so on.
- Supervise Team lead 2 – which oversees Export, Bills for Collections, invisibles (PTA /BTA)
- Authorization of affirmation and refinancing of letters of credit score on Finacle – UNLIMITED AMOUNT
- Direct supervising of ESTACODES and Payments of Management Allowances similar to medicals go away allowances, and so on.
- Authorize and coordinates Emerging company transactions and forging transactions commerce dynamics
- Direct Supervision and coordination of Standby letters of credit score issuance, oil transactions, efficiency bonds
- Attend to enquiries and correspondences and interface with inside and exterior regulatory our bodies similar to CBN, DPR, NEPC, EFCC, ETC
- Authorizes release of L/C and different Swift messages (MT 202 & MT103 MT700, MT707, MT799, MT999) to correspondent banks $200,000 -$1,000,000
- Initiation and coordination of Internal Reconciliation of open gadgets, money covers, offshore pursuits, verification of the varied Returns to regulatory our bodies
- Minimum expertise – 15-year related working expertise in overseas operations
- In-depth data of Trade Services merchandise, mechanics and dangers
- Detailed data on Trade processing and operations
- Strong enterprise sense and business judgment
- Good communication and interpersonal abilities.
- All spherical managerial / management qualities
- Detailed data of the financial institution’s mainframe system, and its associated methods can be a bonus.
- Good data of Local and overseas Laws and Regulations because it pertains to International commerce
- Knowledge of varied Trade Products and blend to maximise profitability for the financial institution in addition to the importer.
- Must have an in-depth data of import/exports, LC’s, commerce transactions, FX charges and banking procedures and prices together with that of threat participation.
- Have robust business acumen with the flexibility to research the impression of FX and rates of interest and delays in shipments on the enterprise
- Thorough data in varied ICC publications particularly UCP 500 & 600, ISBP, ISP 98, URR 525, URC 522, CBN Foreign Exchange Manual, varied ICC publications.
- In depth data of evaluation of Standby phrases together with that of threat participation and syndication and all kinds of bonds and ensures
How To Apply
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