Stanbic IBTC Bank Job for a Graduate Reconcilation Officer, November 2014
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.
The Operations division of Standard Bank is at the very centre
of all the bank’s procedures, enabling and optimising our Corporate
and Investment Banking activities. We develop prototype concepts into
robust, reliable solutions, constantly evolving our existing product
range to help the bank maintain a competitive lead with our global
clients. We are also in demand as internal consultants to the business,
helping to manage the Bank’s assets through effective risk management
and control systems. As part of this role we now seek an experienced
Reconciliation professional, who will help guide our work to fulfill
our ambitious growth strategy
Stanbic IBTC Bank is recruiting to fill the position of:
Job Title: Officer, Reconciliation
Job ID: 12730
Location: Nigeria
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
- Daily Review of GL balances, Nostro and CBN Accounts among others
- Accurate matching of entries using Clirec
- Review and reconciliation of Suspense/Transit/Proxy Accounts.
- Initiates process of investigation into unusual occurrence in the Branches/Head Office suspense, Nostros and CBN accounts.
- 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.
- 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
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.
Resource Utilisation:
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.
People Management: N/A
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.
Key Performance Measure:
- Achievement of strategic goals (Unit / individual goals)
- Quality of risks mitigation interventions
- Good communication skills with colleagues resulting in good customer service.
- Good internal and external communication skills with all
stakeholders resulting in exceptional customer service being delivered
to both internal and external customers.
- Compliance and improvement on turn- around times (TAT) on delivery of reconciliation reports
- Number of ageing items on Suspense and Nostro accounts.
- Number of complaints / mismatched items
- Improved customer service and satisfaction levels as per customer survey results
- Reduction of costs and increased throughput
Required Skills and Qualifications
Qualifications
- University Degree
- At least two years general audit and banking experience
- Professional certification in Accounting (ACA, ACCA) - preferred
Experience
- Minimum of two years general audit and banking experience
- Building and maintaining relationships
Required Competencies
Technical competencies
- Computer proficiency in Microsoft Word and Excel
- Risk identification and assessment skills
- A general knowledge of the bank’s accounting practices
Personal Competencies:
- Integrity
- Good communication skills-written and verbal
- Attention to details
- Must be a team player
- Analytical Skills
- Organizational Skills
- Interpersonal Skills
How to Apply
Interested and qualified candidates should:
Click here to apply online
Application Deadline 18th November, 2014