Position Title: Funds Transfer Officer.
Job Station: Lagos State.
INTRODUCTION:-
Funds Transfer Officer job opportunity is available at United Bank for Africa Plc (UBA) for individuals who possess relevant qualifications.
About the Job
- We are in search of individuals/talents who are Enterprising, Excellence driven and can Execute business goals within the UBA Group; if you believe you exude these attributes, this position may interest you
DUTIES AND RESPONSIBILITIES:-
- Receipt of Instructions from Clients via SWIFT/E-mail/hard copy.
- Acknowledge receipt of instruction to Client via email
- Review clients instructions for authenticity and Signature verification
- Check clients cash custody account to confirm that account is adequately funded for the transfer.
- Notify client if account is not funded and follow through with reminder mails.
- Execution of Transfer instruction via the available platform i.e. U Direct corporate/ RTGS /NEFT/NIP/NIBBS etc.
- Follow up on the status of all transaction treated to ensure that they are all successful.
- Re-initiate unsuccessful transactions.
- Update client of status i.e. successful. If unsuccessful, give reason.
- Attend to all transfer related enquiries from clients.
- Daily call over of all transactions treated and submit call over report to Head Custody Ops for sign off.
- Request for daily NEFT/NIP reports from the respective units.
- Maintain a proper record of all transactions.
- All trade tickets to be submitted to Internal control for review and
- Receipt of Instructions from Clients via SWIFT/E-mail/hard copy.
- Review clients’ instructions for authenticity and Signature verification
- Check client’s cash custody account to ensure that the account is adequately funded for the cheque issuance.
- Instruction is sent to UBA branch to issue Cheque.
- Follow up on all Cheque Issuance to the point of execution.
- Cheque is recorded in a cheque register before it is given to the Client.
- The Client signs for the cheque before it is released.
- Attend to all Cheque related enquiries from clients.
- Daily call over of all cheques issued.
Other Functions
Reconciliation:
- Review all treasury bills, FGN /Corporate/State Bonds, Commercial paper and fixed deposits (placements) handled by the Settlement Desk to ensure that the instructions are treated before the cut-off time. The amount, tenor, rate, counterparty etc are correct and in line with the instructions received from the Client.
- Any error should be reported to the settlement Team and Head Custody Operations immediately for prompt resolution.
- Client should be duly informed within 2 hours and the steps to be taken to rectify the error.
- Inform client immediately the error has been corrected.
General Enquiries:
- Attend to all client enquiries and Queries relating to funds transfer.
- Any other duties that may be assigned
DESIRED EXPERIENCE & QUALIFICATION:-
- Education: Minimum education level: Good Degree/other related fields
- Experience: Minimum experience: Three(1) Year.
Apply Before:-
Not Specified.
INTERESTED?
Interested and qualified candidates should:
WHO IS United Bank for Africa Plc (UBA)?
United Bank for Africa Plc (UBA) is one of Africa’s leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria UBA has grown to become a pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally.
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