Specialist, Payment and Negotiation at First Bank of Nigeria Limited

Job Title: Specialist, Payment and Negotiation

Responsibilities

• 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.
• Handles Revenue Assurance functions for the bank on Negotiated Documentation, Trade Loans, etc.
• Delivery of daily and periodic reconciliation of Nostro, Vostro, GL, Suspense, Payables and Receivable accounts, ensuring open items are timely closed. 
• Rendition of regulatory and management, regulatory and ad-hoc returns/reports as applicable to Payment and Negotiation functions. 
• Responsible for Data and Records management on negotiated presentations for ease of presentation on demand by the regulatory authorities.
• Liaises with the business and other internal stakeholders on enquiries and issues resolution.

Requirements

• 3-5 years of experience in Trade Services Functions.
• First Degree in any discipline
• Trade Certification (CDCS, CSDG, CITF), master degree and other professional certification (added advantage)

Application Instructions:

The application deadline is on 1st January, 2025; 08:49 AM. Qualified and interested candidates can: Click here to apply online. It is important to visit the official website (link found below) for detailed information on how to apply successfully for this vacancy.

Website:
Official Job Website: https://www.firstbanknigeria.com/

Note:

Due to the nature of this role we will be reviewing applications on an ongoing basis and the role might be filled and closed before the closing date. Early applications are encouraged.