Team Member, Correspondent Banking at 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.

We are recruiting to fill the position below:

Job Title: Team Member, Correspondent Banking

Location: Head Office, Nigeria
Employment Type: Permanent

Responsibilities

• Support the unit head in the development of strategic alliances/ partnerships with a select number of foreign banks that will drive correspondent cost efficiencies and generate inward/reverse correspondent opportunities across Africa.
• Manage Trade finance relationship with correspondent banks.
• Originate short-term credit lines for Trade Finance.
• Positively project UBA within the International Markets.
• Position UBA to be the preferred partner to FIs in Africa.
• Achieve cost efficiencies in UBA Group’s International Trade Financing by ensuring that our fees are kept to the minimum.
• Engage offshore correspondent banks on Trade and Payments related issues.
• Carry out prompt annual KYC/EDD review of all Correspondent Banks and facilitate same for UBA Group entities.
• Obtain AML/KYC documents online for new relationships and send the documents to Compliance Dept. for due diligence review.
• Achieve cost efficiencies in UBA Group’s International Nostro payment business by ensuring that charges are kept to the minimum.
• Preparation of monthly performance report that captures actual income realized on transactions and maturities settled during the month.
• Support the Unit Head in managing UBA Group’s account relationships i.e. account negotiation, opening and management.

Qualifications

• A Bachelor’s Degree in Social Science and Management Science
• A minimum of 3 years of experience in relationship banking, marketing and correspondent banking.

Candidate’s Profile:

• Our ideal candidate must have good knowledge of banking products/services. Must have good communication skills (Written & Oral), banking operations knowledge, and industry/Regulatory knowledge.

Knowledge & Skills Required:

• Bank Product/Service Knowledge
• Industry / Regulatory Knowledge
• Banking operations knowledge
• Result-oriented, self-motivated
• Good interpersonal skills
• Excellent relationship management/communication skills
• Good communication skills (Oral & Written).

What We Expect From You:

• High degree of professional ethics, integrity and responsibility.
• Highly organised, proactive, ability to work independently and take ownership of tasks assigned.
• Team player with the ability to work under pressure and ability to work with a wide variety of people and maintain an excellent business relationship.
• High sense of confidentiality and discreteness.

What You Should Expect From Us:

• Our corporate culture is defined by our core values. We do not just train our people to be the best in the job, we also offer encouragement, recognition, and rewards.
• Whatever level you are at in your career, we offer plenty of opportunities and support to build a rewarding career at UBA.
• Here in UBA, our employees are our greatest assets and so we built a recognition and reward system that boosts productivity and enhances staff retention, instituting a culture of meritocracy.

Application Closing Date
30th June, 2022.