Career Openings at Stanbic IBTC Bank, 15th March, 2019

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Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent. Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices. We are recruiting to fill the position below:     Job Title: Officer, Reconciliation Job ID: 37506 Location: Lagos Mainland Job Sector: Banking Job Details

• Operations: a range of essential and complex services to ensure processes across the bank work as effectively and efficiently as possible

Job Purpose

• To support the Team Leader, deliver prompt reconciliation of all accounts under review and ensure there are no long outstanding items that can lead to financial loss for the bank.

Key Responsibilities/Accountabilities Key Responsibilities:

• Ensure cleanliness and Integrity of all Internal/GL accounts in the branches/Head Office entities under coverage through the review of their proof of accounts
• Maintain a culture within the Bank that emphasizes and demonstrates to all the importance of reconciliation and its corresponding effect on service excellence
• Ensure accurate reconciliation of all accounts.
• Follow up with Branches / Head Office entities on end of month suspense accounts proofs
• Follow up on all unmatched and outstanding items by generating written queries to the applicable unit / SOL
• Prompt rendition of month end reports on Suspense accounts exceptions
• Prompt rendition of monthly / Quarterly EFASS reports on Nostro accounts
• Ensure proper filing, storage and retreival for Nostro accounts;
• Work along with other reconciliation functions within various departments under Country Operations

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 as per the matrix agreed with Centre (ROA Operations) to enable informed decision making

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.

Internal & External Relationships

• PBB, Finance, Operations, HR, CIB - Internal Control & Support:
• Nature of relationship: Contribute to their service delivery
• Sphere of influence: Impact the whole business line (PBB, IB or EF)
• Description or examples: Reconciliation of Suspense & Settlement accounts , Develop & roll new products & platforms

Precise Financial Solution -Service provider:

• Nature of relationship: Influence industry norms
• Description or examples: Reconciliation Software Maintenance

CBN - Regulator; KPMG - Statutory audit:

• Nature of relationship: Influence their decision making
• Description or examples: Audit of Financial Statement

Preferred Qualification and Experience Qualification:

• First Degree in Finance and Accounting
• Professional certification in Accounting (ACA,ACCA).

Experience:

• Business Support - Operations; 1-2 Years Experience covering general banking PBB OPS,CIB OPS & Branch Control.
• Comprehensive knowledge of banking transaction processes relevant to products and services offered to customers;
• Practical knowledge of how to input, access and utilize information to analyse Financial statement,
• Understanding the branch service standard and practice

Knowledge/Technical Skills/Expertise:

• Computer proficiency in Microsoft Word and Excel:
  • Clear knowledge and application of the concept
• Risk identification and assessment skills:
  • Applies concepts without requiring supervision, able to provide technical guidance when required
• Accounting practices:
  • A general knowledge of the bank’s accounting practices

Interested and qualified candidates should:Click here to apply     Job Title: Branch Control Officer - South West Job ID: 37217 Location: Lagos Island Job Sector: Banking Job Details

• Risk Management: understanding all risks - from the economic to the political - that could affect our global business, and offering guidance to all parts of the bank

Job Purpose

• Build a strong compliance environment to ensure zero level of policy, procedures and regulatory infractions.
• Ensure prompt and effective call over of branch transactions.
• Build strong awareness in branch staff on all policy and procedures issues; zero tolerance for open GL Items, unreviewed transactions and income leakages

Key Responsibilities/Accountabilities Key Responsibilities:

• Call over of Transactions as per the approved threshold.
• Carrying out spot checks and review of activities in the branches under coverage, cash count and vault administration, funds transfer, Clearing processes and returned cheques, etc, ensuring adherence to policies and procedures
• Review of system exception override message report.
• Review of GL/P&L Movement Report.
• Conduct Seriality checks /test on Managers Cheque/Bank draft in the branches under coverage.
• Review of Suspense/Transit/Proxy Accounts.
• Review of expense and cash advances and ensure conformity with laid-down policies.
• Carrying out security sweep at least once in a month.
• Daily review of accounts closure and transfers.
• Ensure complete and accurate recognition of all fees and charges on every relevant account.
• Review of Fixed Asset Register
• Review of Finacle users’ profile
• Review KYC compliance.

Key Performance Measures:

• Control Adequacy rating from Internal Audit.
• Promptness and effectiveness of call over of transactions.
• Quantum of undetected regulatory/statutory infractions from External Auditor and Regulators’ reports.
• Quality and Timeliness of losses and loss events reporting in processing areas
• Undetected Income leakage/P&L reversal arising from undetected processing errors
• Integrity of the GL accounts in the Business offices of the region.
• Promptness, Accuracy and Validity of Exception Reporting/Rendition of all Control Activity Reports
• Effectiveness at follow up to ensure that Internal Audit recommendations are implemented

Internal and External Relationships:

• The need to maintain a wide network with key stakeholders in the Bank such as Operational Risk, Risk Assurance, Group Internal Audit, and other appropriate divisions and associate companies to ensure operational effectiveness and enhanced customer service.

Preferred Qualification and Experience

• Business management or commercial degree
• Applicable certifications.
• Education: BSc. Minimum
• Banking Experience - Minimum of 5 years

Knowledge/Technical Skills/Expertise:

• Report writing/Investigation skill
• Banking operations experience
• Interpretation of ML (P) Act 2011 & CBN KYC Manual 2003
• Ability to use Finacle, Microsoft packages & AML Software.

Interested and qualified candidates should:Click here to apply   Job Title: Head, Group Real Estate Services Job ID: 33309 Location: Lagos Island, Lagos Job Sector: Banking Job Details

• Group Real Estate: identifying new premises, locations and buildings, leasing real estate, buying and selling property, construction and maintenance.

Job Purpose

• Establish and manage the country GRES team, and enforce adherence to good Facility Management governance framework (Policy and Procedure)
• To facilitate the imparting of Facility Management skills to in-country stakeholders
• To manage Country wide contracts and Vendors that provides facility Management service to Stanbic IBTC Group

Key Responsibilities/Accountabilities Governance:

• Facilitate the implementation of GRES strategies and support FM decisions within the parameters determined.
• Ensure adherence to the laid down policies and procedures of Standard Bank.
• Monitor and promote compliance with Standard Bank's policies and procedures as well as country specific statutory requirement.
• Support all Business Partners throughout the Bank with GRES governance framework

Technical and Financial Business Acumen:

• Achieving a satisfactory level of technical building construction, maintenance, valuation and occupancy knowledge,
• Keeping abreast of developments and trends in occupancy levels, building construction and maintenance and applying this knowledge effectively in planning and decision making
• Forecasting budgeting, managing, accounting for and reporting on financial resources taking into account the economic context, understanding, analysing and leveraging the financial cost and ROI implications of facilities investment
• The process of anticipating, identifying, measuring , balancing  and mitigating risk in a dynamic operating environment, calculating and understanding the potential negative impact of risks and taking action to achieve a recognized benefit when potential consequences are understood.
• Controlling projects in terms of business requirement, quality parameters, deadlines budgets
• Managing the life cycle of property asset from acquisition to disposal to achieve a desired return while mitigating risk, managing the life cycle of capital asset to extract maximum value and growth and to minimise capital depreciation
• Direct and manage the interface with service vendors and implement service quality review procedure to track and monitor the performance of service vendors and 3rd party service providers.

FM Best Practices:

• Recognising and rewarding excellent performance and managing poor performance in a consistent and constructive manner within human resource guidelines
• Review activity/spend analysis and self-audit reports with a focus on eliminating waste, non-value adding supply chain links and optimising Bank’s Facilities management processes.
• Review gap analysis of existing processes and implement appropriate interventions
• Align performance metrics/measurements to organisational/project objectives so as to ensure the achievement of deliverables.

Contract Management:

• Displays a reasonable good understanding of different commercial company and taxation laws and practices applying to property deals in Nigeria, to understand broad legal parameter, to know what is and isn’t permissible and to understand key constraint
• Keep abreast of all regulations as they apply to property rights and the bank and ensures compliance with these regulations; understand and uses effective financing mechanism to maximise returns and financial visibility.

Relationship Management:

• Ensure the development and maintenance of contracts for all services/ commodities under the sphere of control.
• Entrench the development and management of vendors through the Service Level Agreement
• Drive the standardisation of products, materials and contract template across RoA

Internal & External Relationship

• CIB , PBB, WEALTH & Corporate Functions
• Impact the whole business line
• Vendor/Regulators/Security forces
• Influence industry norms

Preferred Qualifications and Experience Qualifications:

• A first degree or equivalent in any discipline; possess a Degree in Project management, Facility Management, building construction, architecture, or engineering
• Professional membership of a recognised institution - RIBA, NIA, COREN etc.

Experience:

• 7 - 10 years Real Estate Management - GRES experience
• Experience in banking or financial services sector
• Experience working with diverse and multi-disciplined teams fostering collaboration and team work- Required skill
• Coaching and mentoring experience
• Experience working with cross functional teams
• Leadership/ management experience working with individuals and teams from diverse cultures

Knowledge/Technical Skills/Expertise:

• Understands the interdependencies between people, systems, business and operational risks, and how to leverage these for optimal project coordination and implementation.
• Have competency and experience on analysing supply chain data (end to end), make informed decision based on current date and to predict future trends based on current information. (Supply Chain Analytic competency )
• Proactively coaching and mentoring subordinate
• Supporting and fostering diversity.
• Experience in creation, tracking and applying metrics to a real-time environment
• Experience in banking or financial services sector.

Interested and qualified candidates should:Click here to apply

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