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.

We are recruiting to fill the position below:

Job Title: Team Lead, Product Control

Job Identification: 1281
Location: Lagos
Employment Type: Full-time

Responsibilities

• Undertake 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
• Undertake 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.
• 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 Unit Head Product Control and Financial Controller.

Job Requirements / Qualifications

• Bachelors Degree in Accounting, Economics or any related field.
• Must possess at least 10 years’ relevant experience in a similar role.
• CFA or ACA/ACCA; Accounting or related Bachelors.

Application Closing Date
21st February, 2025 (10:49 AM).