Officer, Nostro & Central Bank of Nigeria Reconciliations at Standard Bank - UK

Lagos, Lagos, Nigeria -

Full Time

Start Date

Immediate

Expiry Date

21 Jun, 26

Salary

0.0

Posted On

23 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Reconciliation, Nostro Accounts, Central Bank of Nigeria, Blotter Accounts, Net Open Position, Clirec Web Based Application, Risk Management, Operational Performance Metrics, Data Quality, Financial Accounting, Financial Control, Audit

Industry

Financial Services

Description

Company Description Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you. Job Description 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. 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. 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. Identifies and defines operational performance metrics geared towards meeting country objectives by analysing the existing gaps. Identifies and assesses the risks facing both systems and business processes thereby providing effective loss and risk management and so minimising the operational risks. Qualifications BSc Accounting or related field. Professional Certificate (ACA /ACCA, MBA ) Accounting, Finance, Banking & Management can be an added advantage. Experience 2-3years general audit and banking experience. Additional Information Behavioural Competencies: Generating Ideas Interacting with People Managing Tasks Thinking Positively Upholding Standards Valuing Individuals Technical Competencies: Banking Process & Procedures Compliance Data Management (Administration) Data Quality Financial Accounting Financial and Accounting Control Financial Systems Administration Business Segment: Group Functions

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Responsibilities

The role involves the prompt daily reconciliation of Nostro, CBN, and Blotter to Nostro accounts, ensuring no long outstanding items and meeting regulatory demands. Responsibilities also include monitoring and following up on aligned units for item resolution and achieving strategic unit goals.