Sterling Bank plc job recruitment 2020 Apply here to fill the Vacant Positions Sterling Bank Plc “Your one-customer bank” is a full service national commercial bank in Nigeria. In over 50 years of operations, Sterling Bank (formerly NAL Bank) has evolved from the nation’s pre-eminent investment banking institution to a fully-fledged commercial bank; and completed a merger with 4 other banks – Indo-Nigeria Merchant Bank, Magnum Trust Bank, NBM Bank and Trust Bank of Africa – as part of the 2006 consolidation of the Nigerian banking industry. Sterling Bank plc is recruiting to fill various Vacant Spaces in the Financial Institution.
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Sterling Bank job recruitment Details
Team Lead, Trade Compliance
Job recruitment Specializations
BANKING/FINANCE/INSURANCE,QUALITY ASSURANCE/CONTROL
Job recruitment Type
Full time
Job recruitment Location
Lagos Nigeria
JOB SUMMARY
To ensure compliance with Credit, Trade and Treasury policy guide, procedures and regulations relating to their activities. As well as harmonize the risk assurance activities of Credit, Trade and Treasury Services thereby ensuring efficient operations, effective and timely reporting
JOB DESCRIPTION
Review the compliance to Credit, Trade and Treasury business extant policies and regulations
2. Carry out Credit, Trade and Treasury process and product review on sampled transactions
3. Monitors FX Utilization and its report rendition to the CBN on a weekly basis
4. Conduct Enhanced Due Diligence (EDD) on identified high risk customers
5. Maintain correspondent banking relationship with offshore correspondent banks pertaining to AML/CFT
6. Render compliance advisory to both internal and external customers and staff when necessary
7. Facilitate inhouse compliance capacity building via sensitization through effective platforms to Credit, Trade and Treasury staff
8. Render weekly and monthly report of activities in Credit, Trade and Treasury Compliance
9. Call over postings on transactions processed in Trade Services; Call over of bulk upload transactions
10. Review of Trade instruments and documentations; Form M & PAAR processing, Bill for Collection transaction review (Invisible Transaction Documentation), Certification of Capital Importation, Letters of Credit establishment, amendment and negotiation review; Foreign Funds Transfer transaction, Interbank Placement and Takings review; Export proceeds domiciliary account review, Swap, Repo, Spot, Forward, Future, derivatives (NDF) and other foreign exchange instrument review
11. Review unutilized funds, quarterly distribution of interest
12. Review and Submit endorsement of shipping document
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JOB EXPERIENCE
Minimum of 5-year experience, preferably in commercial banking
Method of Application
Application is done online, through sterling bank official job recruitment portal, to apply for this job click the application link, APPLY HERE FOR THE JOB
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