Reconciliations Officer – Coronation Merchant Bank – Lagos

Verify customer information against documentation provided and flag discrepancies based on understanding of the regulator and entity’s transaction processing requirements.
Ensure that processes are in place to measure and monitor operational and financial effectiveness
Performs and evaluates general reconciliation of transactions
Add value by utilizing broad-based regulatory, industry knowledge and awareness of current and past business trends in payments processing
Interfaces seamlessly with internal and external customers, counterparties and clearing organizations
Ensure settlement of trades, voluntary and mandatory corporate actions processing, as well as generation & control of wire payments
Implement strategies to identify and develop new channels while improving existing payment channels
Analyse trade life cycle of derivatives asset classes including Over the Counter and Exchange Traded Securities.
Apply knowledge of legal and regulatory requirements, on international trade within the entity’s business area
Identifies trade and transaction discrepancies that have not been cleared or are unauthorised for escalation
Identifies the trade finance infrastructures or platforms, finance tools and instruments
Carry out Vendor reconciliation/ Supplier reconciliation and address discrepancies. Put in place adequate controls to minimize discrepancies
Carry out reconciliation of customer accounts to the general ledger balances. Identify irregularities and ensure prompt resolution
Coordinate reconciliation of all bank accounts, and identify and rectify all variances and exceptions
Reconcile the payroll accounts to the company’s accounting systems
Communicates and explains changes to policies, procedures and security measures to relevant operational personnel involved in the process

Candidates should possess a Bachelor’s Degree with relevant work experience.
Skills and Competencies:
Understands various types of channels within relevant financial services industry and accompanying trends
Knowledge of issues affecting international trade and possess up-to-date knowledge about changes in national and international trade legislation
Good analytical skill
Pay attention to details.
Communication skill. (Written/Oral)
Ability to convey reconciliation results in clear, brief, and unambiguous terms.
Ability to think outside the box and methodically
Possession of at least intermediate knowledge of share registration.
Computer Literacy.
Proficiency in the use of Microsoft Office applications.
Ability to compare the pros and cons of buying and selling investment products through different channels.
Understanding of the payment systems, key participants, and the settlement process.
Able to assess client order details
Aware of trade laws and regulations
Possess knowledge of clearing and settlement operations and performance
Personal Skill
Numerate, thorough, and intelligent.

Method of Application
Interested and qualified candidates should forward their CV to: using the Job position as the subject of the email

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