Company Info
Large organization
First Bank of Nigeria Limited (FirstBank) is the largest financial services institution in Nigeria in terms of total assets and gross revenues. FirstBank has over 750 locations and over 10 million client accounts, offering a broad range of retail and business financial services. FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, and FBNBank Senegal, as well as Representative Offices in Johannesburg, Beijing, and Abu Dhabi, have a worldwide presence.
200 + Employees
First Bank of Nigeria Limited (FirstBank) is the largest financial services institution in Nigeria in terms of total assets and gross revenues. FirstBank has over 750 locations and over 10 million client accounts, offering a broad range of retail and business financial services. FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, and FBNBank Senegal, as well as Representative Offices in Johannesburg, Beijing, and Abu Dhabi, have a worldwide presence.
1). Unit Head, Product Control
Job Identification: 972
Location: Lagos
Job Schedule: Full-time
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 Requirements
Education:
- CFA or ACA/ACCA; Accounting or related Bachelors.
Experience:
- Must possess at least 15 years’ relevant experience.
Deadline: 12th January, 2024; 12:41 PM
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2). Business Manager, Retail Banking
Job Identification: 971
Location: Lagos
Job Schedule: Full-time
Duties and Responsibilities
- Supervise activities of retail marketing staff to ensure timely and efficient service delivery to customers.
- Promote the sales and service culture through coaching, guidance and staff motivation
- Ensure achievement of monthly and annual targets
- Approve expenditure for the branch marketing team within limits
- Ensure branch operating cost is within approved budget
- Ensure zero tolerance for inactive/dormant accounts
- Manage all staff in the team to achieve increased value creation, volume of business and enhanced profitability for the bank
- Ensure effective risk asset appraisal, disbursement and monitoring
- Provide timely and accurate reports in prescribed formats and intervals
- Ensure excellent working relationship with the branch operations staff
- Perform all other duties as assigned by the Group Head.
Requirements
Educational Qualifications:
- Minimum Education: First Degree or its equivalent in any discipline preferably business-related.
- Higher Degrees (MBA)/Professional Certificate will be an added advantage
Experience:
- Minimum of 5 years relevant experience and at least 2 years in management position with responsibility in Retail & marketing units, relationship management, product management and Marketing and retail sales.
Knowledge:
- Financial advisory
- Good Knowledge of the business environment
- Credit/Risk Management
- Banking structure, policies, and procedures
- Banking Operations, Products & Services
- Customer Service
- Marketing/ Sales
- Business/ Product Development
- Budget Planning & Control
- Financial Analysis Business/ Operational Strategy
- Strategic Business Planning
Deadline: 10th January, 2024; 11:11
How to Apply: Interested and qualified candidates should use the links below to apply: