Standard Chartered Bank Nigeria Recruitment for Trade Service Officer – Apply Here

 

Standard Chartered Bank Nigeria is recruiting suitably qualified candidates to fill the vacant job positions in their company. Interested candidates should kindly follow the job application guidelines below to apply successfully.

Standard Chartered Bank Nigeria Recruitment for Trade Service Officer – Apply Here

 

Standard Chartered Bank – We’re an international bank, nimble enough to act, big enough for impact. For more than 160 years, we’ve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. As a leading international bank, we strive to help people and businesses prosper across Asia, Africa and the Middle East.

We are recruiting to fill the position below:

Job Title: Trade Service Officer

Job ID: 2200031966
Location: Lagos
Job: Operations
Schedule: Full-time
Employee Status: Permanent

Roles/Responsibilities

• Responsible for end-to-end delivery of Trade Operations for the country covering all the streams including operational risk-related controls, performance monitoring through key metrics such as volumes, productivity, accuracy, service levels, losses/lapses, issues and risk registers.

Strategy:

• Support the cluster head in developing the strategic direction and roadmap for trade operations aligning with the business strategy, overall operations strategy and investment appetite
• Coordinate and monitor progress of the various strategic initiatives for end to end delivery of trade operations (both country as well as the hub) and maintenance of various operational risk related controls
• Maintain standard service level across Businesses responsible for, in line with expectations from various stakeholders across client segments
• Support ‘efficiency and effectiveness’, reduction of manual work to improve service delivery capability
• Devise strategy to streamline processes, simplify, enhance productivity, reduce risk, improve controls by leveraging technologies
• Partner with technology on digital agenda, pre-empt disruptive forces and commercialize innovative use of technologies

Processes:

• Support the Head of Trade in transforming operations with best in class turn-around times, controls and standards as to provide market best client service and in a manner that the risks, if any, are clearly understood and managed
• Responsible for putting in place appropriate standard processes for each product/sub-product, identifying deviations and gaps in processes, identifying potential risks and implementing of effective mitigants
• Ensuring process related documentation in terms of issuing Global Department Operating Instructions (GDOIs) considering various policies of the bank and market practices
• Ensure Anti Money Laundering (AML) and sanctions activities are carried out as detailed in group guidelines
• Responsible for rolling out of processes for new products/sub-products by defining related processes required and by issuing related documentation
• Responsible to support country trade operations and hubs on Strategy, Operating Model, Standards and Risk Controls and compliance with regulations
• Responsible for ensuring complete commercialization of various technological platforms

Job Purpose

• Ensure smooth functioning of LC processes
• Organization of work flow to achieve maximum productivity
• Ensure that LC related products/applications/documents are processed against laid down procedures, service standards and key control standards.
• Ensure compliance of all internal procedures, operational controls local regulation and ICC rules.
• Conceptualize and build applications that would maximize productivity, save cost and deliver better services to clients

Key Responsibilities
Import Letters of Credit:

• Ensure that applications and shipping documents received are processed within approved SLA and as per client segmentation.
• Ensure purchased funds are utilized within regulations
• Amendment, loan liquidation and discrepancies acceptance request should be processed within approved SLA
• Ensure that issuance of Letter of Credit is in line with local and international standards.
• Ensure that endorsed documents get to client within approved SLA
• Ensure that the DOI is followed in processing and continuously reviewed to reflect current operations. Seek dispensation for all noncompliance.
• Follow through with the advising bank and ensure that LC are advised promptly and provide clarifications where required.
• Advise inability to process any transaction immediately to the respective stakeholders
• Ensure the entire LC processes are fine tuned to avoid losses, regulatory sanctions and in the best cost-effective way
• Ensure nostro and suspense items do not exceed approved life span and ensure prompt escalations of items beyond control

Qualifications and Requirements

• Good communication and inter-personal skills.
• Minimum five (5) years banking experience
• Good working knowledge of the Bank’s products and services.
• Good PC skills.
• A University Degree.
• Minimum of three years’ experience in Trade Operations
• Knowledge of risks and local Laws relating to Trade
• Good knowledge of applicable international trade practices

Role-Specific Competencies:

• Market Knowledge
• Business Strategy
• Risk Management
• Financial Analysis
• Governance
• Relevant operations experience
• Collaborative skills

 

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