Portfolio Manager at First Bank of Nigeria Limited (FirstBank)

First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, 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 its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

Job Title: Portfolio Manager

Job Identification: 1397

Location: Lagos

Employment Type: Full-time

Job Description
Transactional:

• Processing Private Banking client’s transactions include liaising with other units, product houses and subsidiaries of the First Bank group to process Private Banking clients’ transactions promptly
• Anchoring all transactions related to asset management, real estate purchase / finance, credits, safety deposits, trust servicers, off-shore investments and others as defined by Head Portfolio management or GH Private Banking.
• Preparing and reviewing all wealth management proposals on behalf of Private Banking clients and ensuring that these are error-free and of high standards
• Reviewing and signing of Private Banking client’s investment confirmative and certificates

Operational:

• Conducting research on Investment & wealth management products and liaising with FBN Quest and other research providers for updated information on equity, bond and money markets.
• Updating and disseminating information to private Banking team on available products and services as well as market trends.
• Monthly update of client product utilization to feed the Asset Holding Report for FBN Private Banking.
• Structuring ideal portfolios for Private Banking clients further to discussing with Relationship Managers, reviewing customer information details and leveraging other First Bank subsidiaries
• Generating mandates on behalf of clients for FBN Capital and other product houses for the purchase or sale of securities / assets
• Generating portfolio reports and account statements for Private Banking clients as required
• Generating periodic reports to meet monitoring and reporting requirements of First Bank Private Banking.
• Updating global position on Private Banking clients to enable effective tracking and monitoring of client relationship
• Ensuring prompt and efficient processing of client mandates
• Monitoring loans booked by the back office and updating clients global position report
• Verifying customer trades via online portal and updating portfolio status of clients
• Monitoring customer accounts and portfolios to ensure that they are well-funded and active.

Relational:

• Maintaining good working relationships with other teams, units and subsidiaries
• Leveraging good relationships with product houses such as FBN Capital, FBN Mortgages, FBN Trustee, etc. to ensure efficiency in processing Private Banking transactions
• Developing relationships with research and regulatory bodies to ensure that the unit is well informed and complies with all regulatory requirements at all times.

Others:

• Ensuring the documentation of all safe custody items
• Ensuring securities certification and release of pledged securities
• Ensuring that all client investment transactions are handled with efficiency and timelines
• Escalate of all material, unusual or difficult transactions to Head Portfolio Management
• All other functions as assigned by the Head Private Banking location and GH Private Banking

Requirements

• Minimum of a Bachelor’s Degree in a relevant field
• Master’s degree in business, finance or similar strongly preferred
• Certified Financial Analyst (CFA) / Chartered Accountant (ICAN or ACCA) / Chartered Alternative Investment Analyst (CAIA) qualification strongly preferred
• Minimum of 8-10 years middle office background (financial services) preferred

Application Closing Date
21st May, 2025; 09:39 AM.

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