Standard Bank Officer - Nostro & CBN Reconciliation Jobs in Nigeria

Standard Bank Officer - Nostro & CBN Reconciliation Jobs in Nigeria


Job Purpose

  • To support the Team Leader, Prompt reconciliation of Nostro, CBN & Blotter to Nostro accounts and other aligned functions to ensure that there are no long outstanding items and to meet regulatory demand.

    Key Responsibilities/Accountabilities

    General

  • Daily reconciliation of Nostro, CBN and Blotter to Nostro accounts (Net Open Position-NOP)

  • Daily monitoring and follow-up on the Aligned Units: SISL, IS and GMO accounts for resolution of
    non-conforming items

  • Accurate matching of entries using Clirec Web Based Application.

  • Initiates process of investigation into unusual occurrence in Nostros accounts.

  • Ensure cleanliness and Integrity of all CBN/Nostro/ NOP accounts through the regular review of these accounts

  • Maintain a culture within the Bank that emphasizes and demonstrates to all the importance of reconciliation and its corresponding effect on service excellence

  • Follow up on all unmatched and outstanding items in the CBN / Nostro/ NOP accounts by
    generating written queries to the applicable unit / branch

  • Prompt rendition of monthly / Quarterly EFASS reports on Nostro accounts

  • Ensure proper filing, storage and retrieval for Nostro account statements

    Outputs and measures

  • Achievement of strategic goals (Unit / individual goals)

  • Compliance and improvement on turn- around times (TAT) on delivery of reconciliation reports

  • Number of ageing items on Nostro / CBN/ NOP accounts.

  • Number of complaints / mismatched items

  • Improved customer service and satisfaction levels as per customer survey results

  • Reduction of costs and increased throughput

  • Quality of risks mitigation interventions

    Cost Management

  • Develops and implements initiatives to reduce cost and ensures that budgets for the Recons
    Unit are met.

  • Develop initiatives to improve operational efficiency and achieve reduction in operational costs.

    Performance

  • Identifies and defines operational performance metrics geared towards meeting country
    objectives by analysing the existing gaps.

  • Work closely with Team members to ensure that best practices
    and a standard approach is
    followed.

  • Provides accurate and timeous MIS

    Control

  • Identifies and assesses the risks facing both systems and business processes thereby providing
    effective loss and risk management and so minimising the operational risks.

  • Liaises with POR management in ensuring that regulatory, group policy standards and minimum
    operating procedures are observed to minimise the Bank’s exposure to risk.

    Self-Development

  • Identifies appropriate formal and occupational (informal) training needs and courses
    (internal/external) to develop oneself.

  • Up-Skills self-regarding new processes and procedures through attendance of
    workshops /presentations and reading of internal and external communications.

    Minimum Qualification and Experience

  • First Degree (BSc) Accounting related field

  • Professional Certificate (ACA /ACCA, MBA ) Accounting, Finance, Banking & Management.

    Experience

  • General audit and banking experience.

  • Years: 1-2 Years.

  • Experience Description: At least two years general audit and banking experience.

    How to Apply

  • For more information and job application details, see; Standard Bank Officer - Nostro & CBN Reconciliation Jobs in Nigeria


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