The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. The merger, by way of the first ever tender offer in Nigeria and a $525 million FDI, the largest in Nigerian financial history, gave birth to a new entity now known as Stanbic IBTC Bank PLC which became part of the Standard Bank Group. The merger was officiated in August of this year and legalised on the 24th of September 2007.
Stanbic IBTC Bank PLC through its wholly owned stock broking and asset management subsidiary, IBTC Asset Management Limited has several excellent mutual funds including the IBTC Nigerian Equity Fund, which is Nigeria’s largest mutual fund with a net asset value in excess of N25 billion (as at December 2007). It is the only bank that has a direct subsidiary that is a pension fund administrator; through the market leading IBTC Pension Managers Limited (IPML).
Job Description
Dealer-Back Office Officer—–Foreign Clients
Job ID: 10269
Location: Nigeria
Division: Global Markets
Employment Type: Full Time – Permanent
Post Closing Date: Jan 10, 2013
Division Proposition
Standard Bank values original thinkers with genuine insight and the team commitment that will help our clients outperform the market. As Africa’s largest and most respected bank, our Global Markets division offers you an outstanding opportunity to rapidly develop your banking talents. You will work across a range of financial instruments, operating within very different markets and countries.
Our ambitious plans now mean we are looking for a highly experienced Dealer
Position Description
Purpose of the Job:
•To ensure clients are updated on transaction executed
•Ensure adequate settlement for all trades
KRAs
•Send out trade confirms on or before 4p.m on each trade date
•Ensure that contract notes are void of errors
•Maintains a blotter of all transactions to track executions and settlement of trades
•Send out due settlement schedule to the custodians for cash transfer in the morning of T+4
•Monitor CIFT inflow from Custodians to ensure all received funds are investigated and applied accordingly within transfer date + 1
•Reconcile discrepancies in clients account and ensure resolution within 3 days.
•Liaise with Financial control and settlement on inflows relating to foreign clients.
•Responding to all queries on foreign clients settlements
•Maintain a good working relationship with the clients’ back office
Required Skills and Qualifications
Knowledge
•B.SC in Finance related courses.
•A good knowledge of the financial market, NSE and SEC rule will be an added advantage.
•Computer Literacy and good analytical skill.
Experience
1 years post NYSC with relevant experience
Required Competencies
Personal Competencies
•Good verbal communication pays attention to detail, methodical, able to handle pressure/conflict, result-orientated, good numerical ability, team player, able to retain optimism despite setbacks, self-motivated.
•Goal getter
•Proactive
•Act with Integrity
•Punctual
•Self Confident
•Good communication skills
•Analytical skills
Click Here To Apply
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