Deputy Treasurer at a New Generation Bank - Westfield Consulting Limited

Westfield Consulting Limited - Our client in the Banking sector (One of the new generation banks), is recruiting suitable candidates to fill the position below:

Job Title: Deputy Treasurer

Location: Lagos
Employment Type: Full-time
Grade: SM – AGM

Job Summary

• The Deputy Treasurer supports the Treasurer in managing the Bank’s liquidity, funding, investments, and balance sheet optimisation.
• The role ensures effective cash management, compliance with regulatory requirements, and execution of treasury strategies that support profitability, risk management, and capital efficiency.

Responsibilities

• Support the formulation and execution of the Bank’s treasury strategy in line with business objectives.
• Manage daily liquidity positions to ensure adequate funding and optimal cash utilisation.
• Oversee money market, fixed income, FX funding, and investment activities within approved limits.
• Monitor interest rate, liquidity, and market risks and ensure compliance with ALCO and regulatory limits.
• Support asset-liability management (ALM) activities, including balance sheet optimisation.
• Prepare treasury reports for ALCO, Management, and Regulators.
• Ensure compliance with CBN regulations and internal treasury policies.
• Supervise treasury operations, settlements, and reconciliations.
• Support relationship management with correspondent banks and financial institutions.
• Act for the Treasurer when required.

Key Performance Indicators

• Liquidity ratios maintained within approved limits.
• Cost of funds versus target.
• Investment yield versus benchmark.
• Number of regulatory breaches or exceptions.
• Timeliness and accuracy of treasury reports.

Requirements

• First Degree in Finance, Accounting, Economics, or a related discipline.
• Professional qualification (ACA, ACCA, CFA, ACT) is an added advantage.
• Minimum of 8 years’ experience in treasury or financial markets, with at least 3 years in a managerial role.

Remuneration
Very Attractive.

Application Closing Date
Not Specified.