Recruitment at First Bank of Nigeria Limited

First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

We are recruiting to fill the position below:

Job Title: Fixed Income / Money Market Officer

Job Identification: 1229
Location: Nigeria 
Job Schedule Full-time

Duties and Responsibilities

• Provide a vital service to the Front Office by ensuring that all funds flow in a timely and accurate manner and that all the necessary documentation is completed.
• To ensure that trades are confirmed and settled appropriately in accordance with best market practice recommendations.
• Judicious settlement of Treasury Bills and Bonds via the Scriptless Securities Settlement System (“S4”) platform and Q-ex platform
• Daily preparation of Maturity Profile i.e. Takings/Placements with Banks/Discount Houses-Unsecured, OBB Takings/Placements, to enable swift rendition of monthly reports to FINCON
• Reconciliation of Treasury Bills and Bond portfolio on Finacle Treasury to DEPOx/CSCS
• Interface with the Central Bank of Nigeria (“CBN”), FMDQ. CSCS and all other counterparties on matters relating to Bonds & TBILLS
• Processing of coupon payments for both the bank and customers
• Monitoring the authenticity of the accounting entries passed by Finacle Treasury
•  Thorough preparation of Bond Analysis reports to stakeholders on a daily basis.

Requirements
Education Background / Professional Qualification:

• First Degree in any discipline
• TROPS Certification (ACI), master’s degree and other professional certification (added advantage).

Minimum Year of Experience Required:

• 5 – 8 years of experience in Trade Functions.

Application Closing Date
23rd December, 2024; 07:57 PM.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: FX Funding and Allocation Officer

Job Identification: 1230
Location: Nigeria 
Job Schedule Full-time

Duties and Responsibilities

• Responsible for processing and delivery of all FX allocation for all products
• To provide strong support in delivery service excellence for the assigned unit or department and ensure successful implementation of all turn-around-time (TAT) as agreed with both internal and external customers. Transfer of funds to various offshore accounts (Intra-bank) as advised by Treasury Dept.
• Processing of FX conversion for Mastercard, Visa card, Ria Payment, MoneyGram, Western Union Money Transfer, TransFast settlement on daily basis
• Transfer to other banks for cross-currency settlement (FX Switches)
• Handles FX Allocation with diligence and accuracy, ensuring all information are accurately captured
• Engagement with the internal and external stakeholders on product and prompt settlement of coupons Inter-bank for FX Spot/Swap/Placement/Takings.
• Responsible for daily and periodic reconciliation of Nostro, GL and Suspense accounts, ensuring open items are timely closed on all transactions processed.
• Operationalize the associated risk control measures on FX allocations.
• Enforces presentation of compliant documents on vendor and service payments
• Attend enquiries and issues resolution requests from the FX allocation to customers.
• Laisse with Treasury on resolution of FX allocation with wrong details.

Requirements
Education Background / Professional Qualification:

• First Degree in any discipline
• TROPS Certification (ACI), master degree and other professional certification (added advantage)

Minimum Year of Experience Required:

• 3 – 5 years of experience in TROPS Functions.

Application Closing Date
23rd December, 2024; 07:57 PM.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Senior Specialist, Payment and Negotiations

Job Identification: 1240
Location: Nigeria 
Job Schedule: Full-time

Responsibilities

• Responsible for provision of operational lead for Negotiation of presentations on Documentary Credit and Guarantees
• Processing and Authorization of Trade Loans Booking and Liquidations, Payments and Remittances on Documentary Credits and Matured Trade Loans.
• Provides Operational and Supervisory lead in the process of enforcement of compliance with regulatory dictates on Payment and Negotiation functions, ensuring that the bank complies with the provisions of the dynamically changing Foreign Exchange Extant Provisions, UCP, ISBP and other relevant international rules and standards.
• Responsible for identification and enforcement of Letters of Credit terms and conditions as well as regulatory provisions in the delivery of Payment and Negotiation functions.
• Oversees the process of documents examination and management of identified discrepancies across the local and international space.
• Interfaces with the various regulatory agencies, internal and external stakeholders, local and foreign counter parties on payment and negotiation functions
• Oversees the process of sourcing of foreign exchange for payment of compliant presentations and Trade Obligations.
• Supervise and authorize the process of Trade Loans booking and liquidation, Interest and charges administration and collection on Trade Transactions.
• Enforces and operationalize the process of administration of Revenue Assurance functions for the bank on Negotiated Documentation, Trade Loans, etc.
• Responsible for delivery of daily and periodic reconciliation of Payment and Negotiation related Nostro, Vostro, GL, Suspense, Payables and Receivable accounts, ensuring open items are timely closed.
• Supervision of rendition of regulatory, management and ad-hoc returns/reports as applicable to Payment and Negotiation functions.
• Administration and Management of associated operational risks ensuring that Payment and Negotiation processes and the embedded risks are identified with the risk mitigants put in place to avoid risk crystallization.
• Management of Trade records for ease of access to historical records on demand by the regulatory authorities.
• Liaises with the SBUs, Trade Clients, Correspondent Banks and other internal and external stakeholders on Payment and Negotiation functions, ensuring that all enquiries are promptly attended to, and all open items are swiftly closed.
• Develop and handle capacity enhancement, skills building and knowledge transfer plans and programs for the team members.
• Identifies risks that are associated with the payment and negotiation functions and provides the corresponding risk mitigant for assurance of adequate cover against operational risks.

Requirements

• 5-7 years of experience in Trade Services Functions.
• First Degree in any discipline
• Trade Certification (CDCS, CSDG, CITF)
• Master’s degree and other professional certification (added advantage)professional certification (added advantage)

Application Closing Date
1st January, 2025; 08:49 AM.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Team Lead, Payment and Negotiations

Job Identification: 1239
Location: Nigeria 
Job Schedule: Full-time

Job Description

• Responsible for overall coordination, management, and administration of all Trade Credit Lines, Negotiation of Presentations on Documentary Credit, Booking and Liquidation of Trade Loans, Payments and Remittances on negotiated presentations and matured loans for the bank
• Provides leadership in the process of enforcement of compliance with regulatory dictates on Payment and Negotiation functions, ensuring that the bank complies with the provisions of the dynamically changing Foreign Exchange Extant Provisions, UCP, ISBP and other relevant international rules and standards.
• Oversees the process of provision of assurance functions in respect of enforcement of terms and conditions of Letters of Credit.
• Handles the process of engagement and relationship management with the regulators, internal and external stakeholders, local and foreign counter parties on payment and negotiation functions, sourcing of foreign exchange for payment on Compliant Presentations and Trade loans, platform development and business promotion.
• Oversees and Co-ordinate the process of Trade Loans booking and liquidation, Interest bookkeeping and collection, Charges administration on Trade Transactions.
• Oversees the process of administration of Revenue Assurance functions for the bank on Negotiated Documentation, Trade Loans, etc.
• Oversees the process of Interest and Charges Collection and Remittance
• Oversees the process of daily and periodic reconciliation of Nostro, GL, Suspense, Receivables and Payable accounts, ensuring open items are timely closed.
• Oversees the process of periodic rendition of regulatory, management and ad-hoc returns/reports as applicable to Payment and Negotiation functions.
• Oversees the process of administration and management of associated operational risks are identified with the risk mitigants put in place to avoid risk crystallization.
• Laisse with FINCON and External Auditors on Audit and Financial matters.
• Develop and handle capacity enhancement, skills building and knowledge transfer plans and programs for the team members.