Wema Bank Plc – Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.

We are recruiting to fill the position below:

Job Title: Head, Trade Services

Location: Lagos
Employment Type: Full Time
Specialization: Trade Services / Central Operations

Job Summary

  • To deliver efficient services to customers, meeting their numerous needs, coordinating operational activities in the department and ensuring compliance of team members to bank procedures and regulatory authorities.

Job Responsibilities

  • Provide overall leadership and direction for operations activities within the department
  • Enhance team performance to achieve quality customer service delivery
  • Ensure proper documentation of all transactions and authorize transactions within applicable approval limit
  • Ensure operational improvement and cost control through monitoring of approved expenses
  • Ensure adherence to bank policies and procedures by all unit processor
  • Monitor and evaluate performance of subordinates
  • Act as facilitator at staff trainings (Branch Operators & Relationship Officers) on Trade Services products
  • Initiate and accept relationship management (RMA) with existing and potential correspondence banks
  • Effective Supervision and general co-ordination of the various activities in Trade Service
  • Foreign and domestic Letter of Credit Services,
  • Export
  • Foreign Direct Investment
  • Foreign Portfolio Investment
  • Bills for Collection
  • Invisible Payment Services
  • Advanced Payment Guarantee
  • Purchase and Utilization of Foreign Currency
  • Compliance with Regulatory Authority guidelines
  • Reconciliation of all Nosro Accounts,
  • Form M Processing
  • Processing of Pre- Arrival Assessment Report
  • Cross Border Payment
  • Processing of Form Q Payment
  • Processing of Traveler Allowance and coordination of relevant report to CBN
  • Monitoring onshore and offshore enquiries
  • Collation of bank wide Secondary Market Intervention Sales SMIS bid request and submission to the CBN.
  • Analyse Trade activities and preparing comprehensive report to the Management for monitoring and decision-making process.
  • Joint calls to Trade customers (current and prospects).
  • Coordination of all regulatory returns and reports- Central Bank of Nigeria, Federal Ministry of Finance, etc. as required
  • Co-ordination of all Forex examination; annual, biannual, quarterly and spot
  • Collaboration with Correspondence Banking team on management of trade lines
  • Coordination of International Money Transfer Operation, IMTO
  • Training of direct reports on operations dynamics of Trade and recent update from regulators
  • Automation & Simplification of Trade Process
  • Monitoring and executing standard service level agreement and ensuring clients receive value added service.
  • Updating all staff and customers of recent update from CBN
  • Regular engagement with Correspondent banks for improved service
  • Ensuring top-most Trade compliance as demanded by the Correspondent banking
  • Regular Industry survey for latest practices
  • Perform other duties as assigned by Head, Central Operations & Trade Services.

Job Experience

  • Bachelor’s Degree in Sciences or Social Sciences. MBA/MSC/ACA/ACIB would be an advantage
  • 7 Years post NYSC experience in Trade Services operations
  • Broad understanding of Foreign Exchange Manuals
  • A good knowledge of Letters of Credit
  • Certified Documentary Credit Specialist (CDCS) will be an added advantage.

Application Closing Date
25th March, 2022.



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