We are currently recruiting a suitably and qualified Unit Head, Product Control (Full-time).
First Bank of Nigeria Limited is a multinational bank and
financial services company in Lagos, Nigeria. First Bank is owned by FBN
Holdings PLC, which in itself has diversified ownership with over 1.3 million
shareholders.
JOB DESCRIPTION
Duties & Responsibilities
- Operate
the product control function for the Bank.
- Monthly
independent review and validation of positions, income recognition,
valuation and all other accounting treatments of financial instruments,
derivatives and all Treasury products to ensure appropriateness.
- Daily
monitoring and validation of Risk, positions & P&L arising from
the bank’s treasury products and activities.
- Monthly
review of Value at Risk, valuation and other computations prepared by
Market & Liquidity Risk Department.
- Advise
treasury where necessary on P& L postings, reconciliations, analysis,
adjustments, attribution, and on weaknesses in treasury processes and
controls.
- Perform
monthly stress tests and sensitivity analysis to assess the impact of
movements in factors such as interest rates, exchange rate, prices etc on
the bank’s treasury portfolio.
- Monitor
daily to ensure that trading activities are done within approved limits,
render reports on breaches as required, and ensure positions are marked to
market periodically per policy.
- Prepare
and submit monthly Income attribution, independence validation &
assurance, portfolio performance and risk reports to the Financial
Controller and CFO.
- Participate
in product paper review and set-up of relevant product and accounting
parameters in all solutions and applications used for treasury activities.
- Stay
up to date with current trends in financial markets and advise the
Financial Controller, CFO & Management on implications for the bank’s
treasury portfolio.
- Make
recommendations to management on best practices that minimize risk and
maximize the profitability of the treasury books.
- Preparation
of disclosures on financial instruments in the financial statements.
- Provide
support in monthly account closing activities and preparation of financial
and management accounts as it relates to products.
- Perform
any other duty assigned by the Financial Controller and Chief Financial
Officer.
JOB REQUIREMENT
- Education
CFA or ACA/ACCA; Accounting or related Bachelors.
- Experience
Must possess at least 15 years’ relevant experience.
Note: Only shortlisted applicants will be contacted.
Method
of Application
Interested and qualified applicants should follow
the link below to submit CV and application letter.
Location: Nigeria
Application
Deadline: 01/12/2024, 12:41 PM
>> CLICK HERE TO APPLY ONLINE
