Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions.
We are recruiting to fill the position below:
Job Title: Trade and Payment Specialist
Location: Lagos
Employment Type: Full Time
Purpose
- Service a portfolio of clients through the
processing of various Traditional Trade and Cross Border payment products
including the resolution of queries and requests originating from both
internal and external clients.
- Provide sales support to the RMBN coverage
and Global Markets sales teams.
Responsibilities
The successful candidate will be responsible for:
- End-to-end processing of all domestic and
relevant cross-border and local payments, and all transactions on Letters
of Credit, Foreign Documentary Bills for Collection, Local and Foreign
Guarantees
- Compliance with all applicable procedures,
rules, laws and regulations
- Ensuring that functions are administered
as per laid down Audit requirements.
- Communicating and explaining transactions
clearly and coherently to both internal and external clients
- Providing process assistance and
resolution of queries to internal and external clients
- Meeting specific performance and team
targets
- Daily filing and diarizing
- Interpreting, understanding, and acting in
terms of the customers’/banks’ instructions.
- Identifying potential risk areas for both
the customer and the bank and to recommend alternatives.
- Identifying cross-selling opportunities
- Formulation of innovative solutions
- Outstanding level of service provided to
customers/branches and other business units.
- Ensuring that transactions are transacted
in accordance with regulatory guidelines.
- Ongoing evaluation and improvement of
turnaround times and ensuring process efficiency levels.
- Taking personal responsibility for
personal up-skilling and further development
- Supporting the Markets and Coverage sales
teams with on-client-site product sales
- Providing support to the COO and
undertaking any additional duties as may be required.
Education
and Qualification
- The successful candidate should have at
the minimum, a Bachelor's Degree in Banking, Finance, Accounting, Computer
Science, Engineering, or a related discipline.
- A master’s degree would be an added
advantage.
Experience:
- Minimum of 5 years’ experience and proven
track record in Traditional Trade, domestic, and cross-border payments
environment.
- Detailed understanding of the Nigerian
Banking Industry
Professional Qualification:
- CDCS Certification.
- CIBN certification would also be an
advantage
Technical Skills and Competencies:
- Thorough understanding of the application
of different trade financing options and settlement available
- Knowledge and understanding of foreign
exchange, exchange control, credit aspects (liabilities exposure),
mandates, SWIFT formats, Nostro accounts, Swift RMA Knowledge and
understanding of the local settlement environment
- Knowledge of: Foreign exchange
- Nigerian exchange controls i.e. Import and
export forms, duty and vat payments, etc
- Credit aspects including liabilities and
exposure Mandate management
- SWIFT and the associated formats,
inclusive of the 100, 200, 400, 700, 900 and n series SWIFT RMA
- A thorough understanding of Nostro
accounts must be displayed. In addition, thereto, sound
reconciliation principles are to be adhered to in the clearing of
outstanding Nostro items. This includes the query process in house,
to clients and to Nostro correspondent and RMA customers
- Understanding and application of the
principles of the various ICC publications, UCP 600, URC 522,
ISBP 2007, URDG 758, URR 725 and Incoterms 2010
- Thorough working knowledge of the rules
and international laws governing trade and the legal implication
thereof on the business
- Comprehensive computer skills and working
knowledge of MS Office
- Thorough understanding of country and bank
risk
Competencies:
- Excellent written and oral communication
- Interpersonal skills and ability to
network within an organization
- Ability to engage customers in selling
trade propositions
- Multi-tasking skills
- Analytical and problem-solving skills
- Information analysis and management
- Ability to work under pressure
- Effective time management skills
- Customer focus (internal and external
customers)
Attributes:
- Expertise: The ability to apply, maintain,
and develop professional and technical knowledge to develop higher quality
solutions and add increasing value to the business, as well as sharing
knowledge and experience with others.
- Customer service orientation (internal and
external): Seeks to exceed customer expectations and makes efforts to add
value by identifying and addressing underlying needs. Takes personal
responsibility for delivering customer solutions, and makes self fully
available, especially in difficult periods.
- Achievement Driven: Sets and works to meet
challenging goals, where there is a definite stretch, but the goal is not
unrealistic. Targets are specific and measurable.
- Analytical thinking: The ability to
speedily absorb and analyze information and data, and identify problems,
patterns, trends, causes, and corrections.
- Teamwork: Acts to build team spirit and
morale, improves team effectiveness by encouraging the team to work toward
a common goal, resolves conflict in the team, and promotes the team to
other areas of the business.
- Initiative: The desire to take initiative,
do more than is expected or required in the job, and endeavoring to
improve or enhance job results, avoid problems, and find or create new
opportunities
- Self-confidence: The confidence to weigh
up a situation and make a quick, clear decision or judgment against a
background of uncertainty or lack of information. Belief in one’s own
capability to take on challenging tasks and assignments.
Application
Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should submit their Applications to: rmbn.recruitment@rmb.com.ng using the
Position as the subject of the email.