Reconciliations Officer at Coronation Merchant Bank

Coronation Merchant Bank is a Africa’s premier investment bank, providing innovative solutions to the needs of corporations, governments and other financial services organisations.

We are recruiting to fill the position below:

Job Title: Reconciliations Officer

Location: Lagos
Employment Type: Full-time

Responsibilities

• Verify customer information against documentation provided and flag discrepancies based on understanding of the regulator and entity’s transaction processing requirements.
• Ensure that processes are in place to measure and monitor operational and financial effectiveness.
• Performs and evaluates general reconciliation of transactions
• Add value by utilizing broad-based regulatory, industry knowledge and awareness of current and past business trends in payments processing
• Interfaces seamlessly with internal and external customers, counterparties and clearing organizations
• Ensure settlement of trades, voluntary and mandatory corporate actions processing, as well as generation & control of wire payments
• Implement strategies to identify and develop new channels while improving existing payment channels
• Analyse trade life cycle of derivatives asset classes including Over the Counter and Exchange Traded Securities.
• Apply knowledge of legal and regulatory requirements, on international trade within the entity’s business area
• Identifies trade and transaction discrepancies that have not been cleared or are unauthorised for escalation
• Identifies the trade finance infrastructures or platforms, finance tools and instruments
• Carry out Vendor reconciliation/ Supplier reconciliation and address discrepancies. Put in place adequate controls to minimize discrepancies
• Carry out reconciliation of customer accounts to the general ledger balances. Identify irregularities and ensure prompt resolution
• Coordinate reconciliation of all bank accounts, and identify and rectify all variances and exceptions
• Reconcile the payroll accounts to the company’s accounting systems
• Communicates and explains changes to policies, procedures and security measures to relevant operational personnel involved in the process

Requirements

• Candidates should possess a Bachelor's Degree with relevant work experience.

Skills and Competencies:

• Understands various types of channels within relevant financial services industry and accompanying trends
• Knowledge of issues affecting international trade and possess up-to-date knowledge about changes in national and international trade legislation
• Good analytical skill
• Pay attention to details.
• Communication skill. (Written/Oral)
• Ability to convey reconciliation results in clear, brief, and unambiguous terms.
• Ability to think outside the box and methodically
• Professionalism
• Possession of at least intermediate knowledge of share registration.
• Computer Literacy.
• Proficiency in the use of Microsoft Office applications.
• Ability to compare the pros and cons of buying and selling investment products through different channels.
• Understanding of the payment systems, key participants, and the settlement process.
• Able to assess client order details
• Aware of trade laws and regulations
• Possess knowledge of clearing and settlement operations and performance
• Personal Skill
• Numerate, thorough, and intelligent.

How to Apply
Interested and qualified candidates should forward their CV to: [email protected] using the Job Title as the subject of the email

Application Deadline 18th November, 2022.