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Friday, February 3, 2023

United Bank for Africa (UBA) Latest Recruitment 2022

United Bank for Africa Plc (UBA) latest recruitment is one of Africa’s leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York.

United Bank for Africa Plc (UBA) is recruiting interested candidates into vacant positions. All Interested candidates are advised to go through available positions carefully and submit their applications appropriately before the deadline.

Apply now for the United Bank for Africa (UBA) Latest Recruitment 2022. All about the position is listed below:

Job Specifications:

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Job Description:
  • Managing the litigation portfolio of the Bank.

Duties & Responsibilities

  • Prompt and strategic review and assessment of litigation portfolio to determine cases, which should be settled amicably.
  • Review and assessment of the Bank’s defence in matters in litigation and recommendation on settlement in respect of cases in which the Bank has no defence.
  • Proper monitoring of cases in court to ensure that the Bank’s interests are adequately protected.
  • Aggressive pursuit of recovery matters under the Litigation Recovery portfolio to ensure timely recovery of the Bank’s debts.
  • Effective prosecution of fraud cases to ensure judicially logical conclusions to serve as deterrent to others.
  • Compile list of fresh actions instituted against the Bank on monthly basis to be included to the schedule pending cases.
  • Review Judgments entered against the Bank in order to determine whether to submit to judgment or whether there are sufficient grounds on which to sustain an appeal.
  • Reviews subpoenas served on the Bank and advises Branch or Division on appropriate steps to take with respect to either Subpoena Ad Testificandu or Subpoena Duces Tecum.
  • Review of miscellaneous interlocutory and injunctive orders against the Bank and advise Business offices on steps to be taken.
  • Review garnishee order nisi [interim orders], and determine the implications of the order for the Bank and give necessary instructions to branches/solicitors (if need be).
  • Appraise the performance of external solicitors and recommend to management the solicitors to be retained or delisted.
  • Interfaces with external auditors of the Bank during audit, provide them with schedule of pending litigations and respond to their queries.
  • Interfaces with CBN and NDIC during audit, provide them with the schedule of pending litigation, selected case files and respond to their queries.
  • Prepare schedule of contingent liabilities for Financial Control which will be used for audit.
  • Represent the Bank and participate in the mediation sessions at the Lagos and Abuja Multi Door Courthouses.
  • Refer deserving matters to Lagos Multi Door Courthouse for mediation and negotiation.
  • Represent the Bank and participate in the mediation sessions at the Lagos and Abuja Multi Door Courthouses.
  • Participates in ADR procedures to ensure resolution of deserving matters without recourse to litigation.
  • Recommendation to management on possible terms of settlement and engage in negotiating settlement in terms most favourable to the Bank.
  • Review of court processes proposed to be filed by our solicitors to ensure that the Bank is adequately protected.
  • The unit is responsible for providing legal opinion on all issues emanating from matters already in litigation and debt recovery matters that are not in litigation.
  • Visit Police Stations/other law enforcement agencies to secure release of staff on bail or to assist staff in making extra-judicial statements to the relevant agencies.
  • Staff invited by the Police, EFCC and other law enforcement agencies for issues arising in the course of their job are accompanied by the unit (unit makes arrangement for external solicitors to accompany them where the matter is sensitive or where location is far) in order to ensure that they are not manhandled, detained or in any manner prejudiced and assist them in making statement to such authorities.
  • The unit advises Operations on appropriate steps to take on any garnishee order nisi served on the Bank in order to ensure that the Bank is adequately protected in the event that such orders are made absolute against the Bank.
  • The unit instructs solicitors in respect of garnishee matters in which the unit opines that the order against the Bank should be discharged and monitors such matters to ensure protection of the Bank’s interest.
  • The unit liaises with the solicitors on matters in litigation and responds to requests from Branches and Divisions on such matters.
Qualifications and Requirements:
  • Sound knowledge of the law.
  • Knowledge of the civil Procedure Rules of the High Courts of the various states.
  • Negotiation and problem-solving skills.
  • Alternative dispute resolution skills.
  • Effective communication skills.
  • Good interpersonal relationships.
  • Research and analytical skills.
  • Brief writing skills.
  • First degree in Law.
  • Professional qualification ((an advantage).

Team Lead, Market Risk

Job Specifications:

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Job Description:
  • Measurement, monitoring and controlling of the market risks to which the Group is exposed.
  • Implement consistent Market Risk Management policies and procedures across the Group.
  • Minimize Position and Trading Losses.
  • Achieve high levels of Customer Satisfaction.

Duties & Responsibilities

  • Scanning financial markets for relevant data to positions held by the bank, both financial and regulatory.
  • Collection of internal data for the head office and subsidiaries through the Bank’s operating systems.
  • Data collection from various market intelligence reports that impacts the Bank’s position.
  • Collection of bank data to identify the Bank’s market positions.
  • Collection of market data with reference to the various positions in order to be able to make comparisons.
  • Preparation of daily reports which show the position of the Bank, highlighting areas of concern and areas requiring improvement.
  • Monitoring of set limits for compliance for the bank.
  • Circulation of reports to concerned parties and escalation of issues where the need arises.
  • Preparation of Other Market Risk Reports.
  • Preparation of revaluation report for both the Held for Trading and Available for Sale portfolio of the Bank.
  • Preparation of Value-at-Risk Reports for the bank.
  • Preparation of Sensitivity Analysis for Fixed Income and Foreign Exchange portfolios – bank.
  • Monitoring of deals consummated by Treasury.
  • Preparation of Derivatives Valuation Report for the bank
  • Preparation of other trading Market Risk report.
  • Provide support in the preparation of GALCO Reports – bank.
  • Provide support in the preparation of the Group Risk Management Report – bank.
  • Provide support in the preparation of Market Risk Snapshots for the Chairman – bank.
  • Provide support in the Preparation of Board Reports – bank.
Qualification and Requirement:
  • Basic accounting.
  • Understand banking operations.
  • Good grasp of balance sheet mapping.
  • Above-average database management abilities.
  • Highly numerate skills.
  • First Degree in any related discipline.

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Team Lead, Credit Monitoring

Job Specifications:

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Job Description:

To emphasize and protect high Credit Quality while encouraging and increasing the Bank’s market share without compromising risk assets quality.

Duties & Responsibilities

  • Review of approved Credits for quality, performance, and compliance with approved terms and conditions and credit policy.
  • Monitoring of special conditions in credit facilities and escalation of exceptions / non-compliance. Identification of deteriorating accounts for Prudential Classification and transfer to Credit Remedial/Recovery.
  • Ensure that limits are monitored, and incomes, fees, maturing repayments anniversary charges are captured.
  • Detection and escalation of unauthorized credits.
  • Implementation of policy-driven Credit-related Sanctions.
  • Preparation of exception reports & imminent maturity report
  • Monthly performance review of the bank’s exposure to the power sector and energy sector.
  • Review of the bank’s contingent liabilities.
  • Identification of warning signals and flagging likely problems before they crystallize.
  • Regular rendition of weekly, monthly, and quarterly exception reports to Group Head Credit Monitoring Head Office.
  • All other activities as delegated by the Directorate Head.
Qualification and Requirement:
  • Computer literate
  • Ability to demonstrate initiative
  • Good analytical skills
  • Good interpersonal skills
  • First Degree in quantitative subjects (Accounting, Economics, Bus. Admin, Banking & Finance, etc)
  • Post Graduate Qualification will be an added advantage.

Team Member, Recovery

Job Specifications:

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Job Description:
  • Coordination of Loan Recovery activities within assigned business offices.
  • Management of Memorandum bad debts portfolio and Loan Loss portfolio & erstwhile CTB database.
  • Recovery of watch-list accounts & transferred accounts with early warning signals to avoid further deterioration.
  • Review & Processing Loan repayment proposals.

Duties & Responsibilities

  • Coordination of Loan Recovery activities within assigned business offices and ensure that the advised recovery target is achieved.
  • Management of Memorandum bad debts portfolio and Loan Loss portfolio within assigned business offices.
  • Originate Loan repayment proposals for requests from indebted customers for management’s consideration.
  • Initiate proposals for the realization, repossession, and sale of pledged assets and properties of indebted customers.
  • Rendition of fortnightly / monthly debt recovery reports for the region to the Regional Head (RH) for onward submission to Financial reporting, Performance management, Remedial Management & Credit Recovery Division.
  • Achieve recovery financial target in line with the advised budget.
  • Recovery of watch-list accounts & transferred accounts with early warning signals to avoid further deterioration.
  • Manage relationships with debtor customers to ensure compliance with repayment agreements, court orders, regulatory requests (EFCC, CBN, Police, etc.) & restructure requests.
  • Review, process and reconcile accounts of indebted customers’ complaints to ensure amicable resolution & payment of an agreed sum.
  • Conduct and document recovery visitation to customers.
  • Coordinate ad hoc reports for the group.
Qualification and Requirement:
  • General Branch Operations.
  • Prudential guidelines.
  • Problem loan management.
  • Knowledge of the Loan Recovery function.
  • Basic credit Skills.
  • Good Customer relations
  • Communication Skills
  • Basic banking operations knowledge.
  • Effective reporting.
  • Negotiating Skills.
  • Initiative & analytical judgment.
  • Management Skills.
  • First degree in any related field.
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Team Member, Transaction Monitoring

Job Specifications:

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Job Description:
  • To carry out ongoing monitoring of accounts in line with extant regulations and internal policy to identify and report suspicious transactions to the requisite statutory authorities.
  • To manage and support the bank’s Compliance Risk Management strategy in ensuring that the Bank’s AML and Counter Financing of Terrorism efforts are in line with the Group standards and international best practices.
  • To carry out enhanced due diligence reviews to prevent the Bank from being exposed to the risk of sanctions and associated financial/reputational loss that the Group may incur as a result of failure to comply with regulations
  • Ensure capacity building of staff to improve Compliance culture in the bank.

Duties & Responsibilities

  • Use of Actimize for Suspicious Activity Monitoring (SAM).
  • Sanctions Screening Compliance.
  • Money Remittance (Western Union & MoneyGram) Transactions Monitoring.
  • Compliance Investigations, Reporting and Returns Rendition.
  • Response to Request for Information (RFI) from Correspondent Banks.
Qualification and Requirement:
  • Extensive knowledge of the bank’s policies & procedures.
  • Deep understanding of the Bank’s Products, Services and Processes.
  • Good knowledge of Banking Operations.
  • Excellent understanding of national and International AML/CFT Regulations.
  • Interpretation of red flags of unusual transactions into suspicious transactions reporting.
  • Strong Analytical skills.
  • Good investigative skills.
  • Report writing skills.
  • Proficiency in the use of the computer and basic applications like excel, PowerPoint etc.
  • Critical thinking and problem-solving skills.
  • Good interpersonal and Communication skills.
  • First degree in any field.
  • Experience in Compliance, Operations, Audit, Internal Control or Risk Management.

Head, Credit Administration

Job Specifications:

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Job Description:
  • To emphasize and protect high credit quality while encouraging and increasing the bank’s market share without compromising the quality of risk assets.

Duties & Responsibilities

  • Prepare credit portfolio reports for executive management.
  • Prepare statutory report to CBN e.g. CRMS.
  • Prepare the schedule of accounts to be provided for/qualify for transfer to the memorandum database.              
  • Forward details of approved memorandum accounts to the External Reporting Unit and Credit Recovery Unit.
  • Identification of warning signals and flagging likely problems before they come to the fore.
  • Rendition of monthly exception reports.
Qualification and Requirement:
  • Good knowledge of regulatory requirements
  • Good knowledge of the bank’s policies and procedures
  • Proficiency in credit analysis
  • Broad IT skills
  • Good analytical skills
  • Excellent writing skills
  • Good presentation skills
  • Good interpersonal skills
  • Strong attention to details and ability to work under pressure
  • Supervisory skills
  • First degree in any relevant field
  • MBA, MSC, MA, ML and/or Professional Qualifications compulsory

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Team Lead, Transaction Monitoring

Job Specifications:

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Job Description:
  • Develop and oversee transaction monitoring controls systems to identify, report and protect the bank from any transaction that may lead to Money Laundering/Terrorist Financing (ML/TF).
  • To provide guidance on Compliance matters to ensure the bank’s operations and business transactions follow all relevant regulatory provisions and internal policies.
  • To assist the GCCO to embed a culture of compliance in the bank by ensuring that the Banks AML and Counter Financing of Terrorism’s efforts are in line with Group standards and international best practices hereby preventing the Group from being exposed to the risk of sanctions and associated financial/reputational loss as a result of failure to comply.

Duties & Responsibilities

  • Manage and exercise requisite oversight in the use of Actimize (the Bank’s AML solution) to identify and report suspicious transactions as well as ensure Sanctions Compliance (both transactions and onboarding screening).
  • Ensure the review of SWIFT Sanctions Screening alerts for Sanctions Compliance (only transactions screening).
  • Collaborate with IT Risk/IT to ensure the optimization of Actimize.
  • Review of Risk Based Transaction monitoring reports (e.g. PEP, NGO etc) and RFI’s for suspicious activity in order to protect the bank from ML/TF risk exposure.
  • Review suspicious transaction reports in line with NFIU requirements.
  • Ensure tracking of Escalated STRs from branches and Head Office Units.
  • Ensure rendition of Compliance related regulatory returns.
  • Render monthly return on Infraction to CBN within stipulated timelines.
  • Implement transaction monitoring controls for Remittance (e.g. WU/MG), Prepaid and Merchant Compliance Programmes.
  • Ensure update of the Bank’s Internal Watchlist.
  • Carry out due diligence checks to manage financial crime risks posed by customers and their counterparties, products etc using World-Check.
  • Conduct bank-wide annual ML/TF Risk Assessment.
  • Prepare management reports to Chief Compliance Officer as appropriate.
  • Ensure response to Request for Information (RFIs) from Correspondent Banks.
  • Educate and train employees on key regulations and internal policies.
  • Provide prompt compliance advisory support to all internal stakeholders.
Qualification and Requirement:
  • In-depth knowledge of the banking industry’s standards and regulations.
  • Deep knowledge of the Bank’s Products, Services and Processes.
  • Knowledge of key National and International AML Regulations.
  • Strong Analytical and problem-solving skills.
  • Management Reporting skills.
  • Proficiency in the use of the computer and basic applications like excel, PowerPoint.
  • Firm, professional and result-oriented.
  • Excellent  Interpersonal and Communication Skills.
  • Knowledge of the Global Sanctions program.
  • First degree in Law, Economics, Finance, Business Administration or any related field. 
  • Compliance Certification with ACAMS, and CIN is a plus.

Team Member, Credit Control

Job Specifications:

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Job Description:
  • Guards against income leakage by ensuring that all specified income/fees due to the bank are stated in the disbursement document.
  • Ensures that credit approval terms are properly captured and conveyed.

Duties & Responsibilities

  • Review all credit approvals to ensure that both the approval and the terms of the approval are consistent with the bank’s credit policy and regulatory requirements.
  • Review all collateral documentation to ensure that they are consistent with the approved facility terms, bank’s policies and regulatory guidelines.
  • Prepares guarantees and bonds.
  • Reviews collateral documents to ensure that they meet stipulated conditions Prepares Credit Availment Ticket for sign-off.
  • Preparation of management reports
  • Issues credit approval communication memorandum to convey the approval terms of various credits.
Qualifications and Requirements:
  • Basic knowledge of regulatory, policy and statutory requirements for availability of credits
  • Good analytical skills
  • Good writing skills
  • Good presentation skills
  • Good drafting skills
  • First degree in law

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Method of Application

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Deadline: December 5, 2022

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