Head of Reconciliation/Treasury & Sundry Operations

Job Purpose

To ensure effective service delivery and efficient processing of all transactions in Treasury & Sundry Operations within stipulated timelines. To provide effective supervision to team members and maintain operational excellence across all reconciliation and treasury functions.

Key Responsibilities

• Ensure daily reconciliation and settlement of all payments and transfers processed on the bank's various electronic platforms
• Review daily transactions conducted via the bank application against the switching company reports, including CBA reports versus bank statements and settlement reports
• Perform daily proof of accounts and reconciliation of all Operations GL Accounts and Settlement GLs in the bank
• Reconcile daily all external bank statements with their corresponding internal mirror GLs (e.g., CBN RTGS Statement, UBA Settlement Account, UBA Current Account, POS Merchant Settlement Account)
• Ensure proper documentation and archiving of all transaction records
• Process efficiently all interbank placements and investment bookings including time deposits and negotiable treasury bills
• Introduce business process improvement initiatives to enhance customer service, cost effectiveness, and internal controls
• Supervise fixed deposits and placements maturities and follow up with business units to ensure timely rollover or liquidation instructions
• Ensure all fixed deposits and placements—whether new bookings, rollovers, or liquidations—are supported by appropriate instructions
• Obtain placement certificates from counterparty banks in a timely manner and verify they conform to agreed terms
• Ensure treasury bills pledged with the CBN are replaced two weeks prior to maturity
• Monitor treasury bill rates for competitiveness and explore primary market purchases before accessing the secondary market
• Supervise reconciliation officers to ensure they perform assigned daily tasks effectively
• Identify failed inflows and outflows via reconciliation and proofs