Head, Trade Services at Wema Bank Plc

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.

Deadline: 25th March, 2022.

How to Apply
Interested and qualified candidates should:
Click here to apply online