Company Info
Large organization
200 + Employees
First Bank of Nigeria Limited (FirstBank) is Nigeria's largest financial institution in terms of total assets and gross earnings. With over 10 million customer accounts, FirstBank operates over 750 branches that offer a full range of retail and business financial services. The Bank has a global 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 Representative Offices in Johannesburg, Beijing, and Abu Dhabi.
First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial institution in terms of total assets and gross earnings. With over 10 million customer accounts, FirstBank operates over 750 branches that offer a full range of retail and business financial services. The Bank has a global 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 Representative Offices in Johannesburg, Beijing, and Abu Dhabi.
Title: Product Controller
Location: Lagos
Job Type: Full Time
Roles and 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.
- Will report to Head, Financial Control
Requirements
- Must possess at least 15 years’ relevant experience.
- Qualifications required: CFA or ACA/ACCA; Accounting or related Bachelors.
Deadline: Not Spcified.
How to Apply: Interested and qualified candidates should Click Here to apply online