Latest Job Openings at First Bank

Team Lead, Mastercard Settlement

Job Description

Manage the accurate and timely settlement of all types/forms of MasterCard transactions (domestic and International) done on various platforms (POS, ATM, Web, QR

Supervise/monitor the resolution of all attendant issues on MasterCard products.

Oversee all functions performed by other officers in MasterCard settlement team to ensure the team’s efficiency through timeliness and accuracy of all activities.

Oversee the management of all accounts used in the settlement of MasterCard products (including MasterCard Receivable and Payable Accounts, MasterCard Cash Disbursement, MasterCard Transaction Suspense, MasterCard SCB Offshore and Nostro Accounts) and review of open items on these accounts.

Ensure that proper settlement procedures are established for all transactions on new MasterCard e-products that may be launched by First Bank or other Banks but will impact on us.

Ensure that all files are downloaded from MasterCard connect daily and back-up copies kept.

Ensure all settlement entries passed are reviewed, verified and  passed in respect of all settlement processes within MasterCard team.

Ensure the daily transmission, to Interswitch SFTP, of all MasterCard POS transactions on the Bank’s acquired MasterCard accepting POS.

Analyze transaction trends and ensure monthly reports are prepared to track volume and values of transactions across all MasterCard products to enable the bank track product performance.

Ensure monitoring of Offshore Account is done.

Oversee upload and accurate reporting of global collection only (GCO) transactions to ensure the bank’s compliance and avoid penalties from MasterCard.

Ensure that proper settlement procedures are established for all transactions on new MasterCard e-products that may be launched by First Bank or other Banks but will impact on us.

Oversee all functions performed by other officers in MasterCard settlement team to ensure the team’s efficiency through timeliness and accuracy of all activities.

Collaborate with IT, Business Solutions team, Product managers and other stakeholders for rollout of new initiatives on MasterCard settlement.

Engage switches, card schemes and third-party processors on exceptions or issues identified with settlement and follow up to ensure resolution.

Ensure timely collation and sending of Merchant Settlement reports to E-business Relationship Managers. Also, ensure merchant complaint issues are promptly resolved.

Ensure prompt reconciliation and posting of all MasterCard exceptions/dispense error and partial dispense transactions.

Monitor Naira MasterCard exchange rate trend and report any variation to E-business group for appropriate action.

Ensure timely collation and sending of Merchant Settlement reports to E-business Relationship Managers. Also, ensure merchant complaint issues are promptly resolved.

Team Lead, Inhouse Settlement


Job Description

Manage the seamless delivery of new in-house applications that do not settle via the switches.

Daily supervision, review of settlement files and upload of:

Customs duties manual collections

Nigerian Export Supervisory Scheme (NESS) collections

Customs duties Paydirect collections

Resolution of failed Custom & NESS transactions on PayDirect & Firstcollect Platforms

Supervise the daily, weekly and monthly statutory returns and reports in respect of manual Customs Duties collections remittance, NESS and NDCC remittances before submission to CBN and the various Customs ports

Ensures timely processing in the deactivation of Direct Debit Mandates customers (ARM Insurance, etc.)

Resolution of failed transactions initiated by various customers on inhouse application platform.

Supervision of dispatched mailer to Lagos branches and upcountry branches via the courier service

Supervision and monitoring of record keeping of documents for customs, NESS and pin mailer.

Head, E-Product Settlement


Job Description

Daily supervise the activities of the four sub-units as seen below:

MasterCard Settlement

VISA Settlement

Interswitch Settlement

In-House Processes & Support

Manage the unit for timely and accurate settlement of ALL e-transactions on ALL channels (ATM, POS, Web, Mobile (First Mobile), Mobile Money (FirstMonie), various e-payment platforms). These include:

International transactions done by FBN issued cards

Domestic transactions done by FBN issued cards on channels deployed by other Banks

Transactions done on FBN deployed channels by cards issued by other Nigerian Banks

Transactions done on FBN deployed channels by cards issued by international Banks

Transactions done on other payment platforms (Autopay, Payment Gateway, Corporate Pay, etc)

Transaction done on FBN First mobile platforms - Interswitch and E-transact

Transactions done on the Mobile Money platform.

Specialist - Payment and Negotiation


Job Description

Handles Negotiation of Documentary Presentations, Trade Loans Booking, bookkeeping, Payments, and Remittances on negotiated presentations and matured trade loans for the bank. 
Enforcement of compliance and 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.
Handles documents examination and management of identified discrepancies in line with the terms and conditions of the underlying Letters of Credit
Initiate the process of Trade Loans booking, liquidation, Interest collection, remittance of payables, charges administration and collection on Trade Transactions.

Trade Specialist, Invisibles


Job Description

Responsible for processing and delivery of all Form A and Invisible Products and Services (CCI, PTA, BTA, ESTACODE, Vendor and Dividend Payments and Remittances, CCI and Profit Repatriation, and all other invisible payment products and services) for the bank
Enforcement of compliance with the regulatory dictates, ensuring that the provisions of the dynamically changing foreign exchange manual and relevant international rules are complied with in the process of delivery of Form A and Invisible Products and Services in the bank.
Handles Form A registration compliance assurance functions 
Engagement with the internal and external stakeholders on product and technology platform development for   Invisible products.
Responsible for daily and periodic reconciliation of Nostro, GL and Suspense accounts, ensuring open items are timely closed on Invisible transactions. 

Specialist, Account and Reconciliation


Job Description

Reconciles Trade accounts (Nostro, Vostro, GLs, Suspense, Receivables, Payables, Blotter), ensuring and validating accurate and timely settlement and reconciliation of the underlying Trade transactions.
Collaborate with the relevant teams/departments/subsidiaries within and outside the country on reconciliation functions.
Support the bank’s process and control improvement initiatives.
Reconciles Trade Obligations report ensuring that unaligned reports between the bank’s record of outstanding obligations and that of the customers are investigated and reconciled.
Enforces compliance with the call-over control requirements.

Senior Specialist - Payment and Negotiations


Job Description

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.

Team Lead, Bills for Collection


JOB DESCRIPTION

Responsible for overall coordination, management, administration, and delivery of Bills for Collection process, products, and functions for the bank 
Responsible for arbitrage functions between drawee and drawer both on the local and international scene, ensuring that collection and payment procedures as per collection orders terms and conditions are strictly adhered to.
Provides leadership in the process of enforcement of compliance with regulatory dictates, ensuring that the provisions of the dynamically changing foreign exchange manual and International Uniform Rules for Collection are complied with. 
Oversees the process of mandatory compliance with the regulatory forms (Form M and NXP) registration, Shipping Documents Delivery/Collection, Bill of Exchange Acceptance, PAAR Issuance and Delivery, Exchange Control Documents Processing and ultimately, Payment administration.
Oversees the process of engagement with the regulators, internal and external stakeholders, local and foreign counter parties on product and technology platform development for   Bills for Collection, providing enabling environment for product growth and delivery in the bank.
Oversees the process of periodic rendition of regulatory and ad-hoc returns as applicable to Bills for Collection to the various regulatory agencies. 

Team Lead, Invisibles and Remittances


JOB DESCRIPTION

Responsible for overall coordination, management, administration, and delivery of all Form A and Invisible Products and Services (CCI, PTA, BTA, ESTACODE, Vendor and Dividend Payments and Remittances, CCI and Profit Repatriation, and all other invisible payment products and services) 
Provides leadership in the process of enforcement of compliance with regulatory dictates, ensuring that the provisions of the dynamically changing foreign exchange manual and relevant international rules are complied with in the process of delivery of Form A and Invisible Products and Services.
Oversees the process of mandatory compliance with the requirements of form A registration ensuring and enforcing submission of all regulatorily dictated documentation.
Handles the process of engagement with the regulators, internal and external stakeholders, local and foreign counter parties on product, process and platform development for   Invisible products, providing enabling environment for product growth and delivery in the bank.

Team Lead, Payment, and Negotiations

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.

Senior Specialist, Account Management and Reconciliation


JOB DESCRIPTION

Develop account management and reconciliation procedures and framework that are sustainable and enduring for maintenance of clean books for the bank.
Provides operational lead for management and reconciliation of all Nostro, Vostro, General Ledgers, Receivables, Payables and Suspense accounts for Trade and Payment Department 
Develop and maintain account management and reconciliation relationships with external and internal partners and clients of the bank on Trade Transactions and Obligations.
Provides operational lead for reconciliation of Clients’ Trade Obligations.

Senior Specialist, FX validation and Reporting


JOB DESCRIPTION

Responsible for development of framework, procedures, and templates for Trade Obligation Dashboard and Reports
Provides operational lead for preparation and rendition of weekly and bi-monthly Trade Exposure reports to the Asset and Liability Committee and EXCO of the bank.
Provides FX purchase eligibility and Trade Documentation adequacy assurance functions for Trade customers that intend to access or buy FX for settlement of Trade obligations across all the available FX trading windows.
Provides the operational lead for management and maintenance of FX blotter across all strata and stages of FX delivery status (SPOT, Delivered and Forwards) ensuring that accessible FX value does not exceed the allowable limits based on the registered value of regulatory forms.
Responsible for development of framework for engagement of the SBU for advisory services, providing timely feedback/response to enquiries on outstanding Trade Obligations and successive FX purchase/utilization records for Trade Customers     

Method of Application
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