Job Vacancy: Unit Head, Product Control – Nigeria

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Job Vacancy: Job title: Unit Head, Product Control – Nigeria

Job description: Job DescriptionJob Title: Unit Head Product Control- NigeriaReports to: Head, Financial ControlIndustry: Banking / Financial ServicesLocation: NigeriaSalary: Competitive Salary Package + BenefitsResponsibilities:

• 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.

Requirements / Qualifications:

• Must possess at least 15 years’ relevant experience.
• Qualifications required: CFA or ACA/ACCA; Accounting or related Bachelors.

Benefits

• Annual bonus based on performance

Location: Nigeria

Job date: Sat, 04 May 2024 22:08:43 GMT

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