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Recruitment Opportunities at United Bank for Africa (UBA) Plc (2 Positions)

United for Africa Plc () 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 UBA has grown to become a pan-African provider of financial services with over 11 million customers, through close to 1000 offices and touch points globally.

We are recruiting to fill the position below:

Job Title: Funds Transfer Officer

Location: Nigeria
Employment Type: Full-time

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

Roles & 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.
  • 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.
  • 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
  • Daily call over of all cheques issued.
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Other Functions

  • 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.
  • 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.
  • Any error should be reported to the settlement Team and Head Custody Operations immediately for prompt resolution.

General Enquiries:

  • Attend to all client enquiries and Queries relating to funds transfer.
  • Any other duties that may be assigned

Job Requirements

  • : Minimum education level: Good Degree/other related fields
  • Experience: Minimum experience: Three(1) Year.

How to Apply
Interested and should:
Click here to apply

Job Title: Reconciliation Officer

Location: Nigeria
Employment Type: Full-time

Roles & Responsibilities

  • Reconciliation of all cash accounts – Cash Income Account, Equity Settlement Account, Receivables account, Euroclear Account, Cash settlement account and Domiciliary Account.
  • Reconciliation of all Security accounts – CSCS Trading and Main Account, Clients Trading and Main Account, Euroclear Securities Account.
  • Regulatory Reporting Monthly and quarterly reporting to Securities and Exchange Commission, Central Bank of Nigeria, Nigeria Stock Exchange etc. Interface with SEC on regulatory related issues
  • Certificate Management  reconciliation of all certificates in the vault, SSIT: verification of all liquidation, Sales/purchases on SSIT shares etc.  Any other duties that may be assigned.
  • Monthly Accrual – Timely Preparation of monthly accrual to group Finance. Collation of all expenses for the month. Maintain records of all expenses for the month.
  • General Enquiries – Attend to all client enquiries and Queries. Any other duties that may be assigned by the Head of unit. Any other duties that may be assigned by the Head of unit.
  • Reconciliation of Invoices:  – Reconciliation of client invoices against actual paid, Reconciliation of all fee schedule i.e Euroclear monthly fees.
  • FX Processing: Purchase of FX for trade settlement, Sale of FX where applicable, issuance of clients CCI, reconciliation of all CCIs.
  • Funds Repatriation/Transfer: processing of all funds repatriation, Verification of funds transfer via all available platforms.
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Job Requirements

  • Minimum education level: Good Degree/other  related fields
  • Minimum experience: Three(3) Years

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

Important Notes

  • The above statements are intended to describe the general nature and level of work to be performed by people assigned to this job.
    They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
    All personnel may be required to perform other responsibilities in addition to those specified from time to time, as needed
    • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it. Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web
    • We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
    • Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
    • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
    • Applications submitted after the deadline will not be considered.
    • Due to the urgency of the position, we have the right to recruit a candidate who matches the required before the above deadline
    • Only qualified candidates will be invited for interview
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