Funds Transfer Officer at United Bank for Africa Plc

Job Overview

Lagos, Lagos
Job Type
Full Time
Date Posted
11 days ago

Additional Details

Job ID

Job Description

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.

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

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


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


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