Are you an experienced and confident banker seeking a challenging role in the International Settlement Field?
We have an exciting opportunity for you!
The Trade Finance Officer is responsible for the execution of the Bank’s trade transactions. The Officer will deliver an efficient, effective, comprehensible, and reliable solution for every stage of a customer’s trade value chain to support their local and international activities. The officer will also provide the necessary support required to perform the remittance activities in the Bank and liaise with money transfer operators on behalf of the Bank.
Responsibilities include:
Form M initiation and approval
Establishment, amendment, and payment of Letters of Credit, SBLCs and Guarantees
Initiation of Bills for Collection transactions
Liaising with CBN for operational issues resolution
Processing of export transactions
Treasury product settlement and reconciliation
Reconciliation of accounts (Nostro, Settlement, transit etc.)
Confirmation and acceptance of transactions on appropriate applications
First level Processmaker Approval for Trade related transactions
FX inflow and outflow processing
Manage relationship with Webfontainne on the CBN portal
Processing and collection of custom duty revenue
Correspondent Bank account management
First level invisibles payment approval
First level Bills for collection approval
Treasury operations settlement
Review, receipt, release, and processing of shipping documents & Pre-Arrival Assessment Report
Requirements
Bachelor's degree in Business, Finance, or related field
Good knowledge of the CBN FX manual on all international settlement transactions
Good knowledge of relevant manuals, regulations, publications, circulars, and guidelines on Treasury Products
Minimum experience – 3 years relevant banking experience
Confidence and proficiency in commercial banking operations
Strong analytical and problem-solving skills
Excellent communication and interpersonal skills
Ability to work independently and as part of a team
If you meet these qualifications and are ready to take your career to the next level, we invite you to apply for this exciting opportunity.