Product Control Officer at First Bank of Nigeria Limited

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: Product Control Officer

Job Identification: 1726
Location: Lagos
Job type: Full time

Duties and Responsibilities

• Daily review and reconciliation of Account Balances in Treasury Application, i.e., Calypso to Core Banking Application Balances.
• Daily review and reconciliation of Treasury suspense Account.
• Daily validation of the previous day’s closing positions of Treasury Products (Fixed Income Securities, Placements & Takings, Fx and Derivatives).
• Daily review & validation of Receivables, Payables and Contingent Accounts of Treasury Products.
• Daily root-cause analysis of variances, raise exceptions against originating users/departments and/or obtain approvals for corrections (where applicable).
• Daily GL-Blotter Reconciliation to ensure all deals consummated by Treasury dealers are documented in the blotter and posted into the Ledger, with prompt escalation of all outstanding. 
• Timely preparation and delivery of Daily Profit or loss Report for Treasury Products for Trading Desks & other Units.
• Monthly validation of the completeness of Fixed Income Securities & Pledges held by the bank in S4, CSCS & FMDQ and other depositories.
• Monitor the compliance of Treasury units with the Product Control Framework and other regulatory guidelines on Treasury Products.
• Monitor the Suspense Accounts for Treasury Products to ensure that only verifiable unsettled trades are held in such accounts (where applicable).
• Handle the creation/modification of Accounting Rules, Account Mapping, Static Filters and other requirements for new/existing Treasury Products.
• Support the Financial/Management Reporting Team by providing analytical insight into the performance/positions of Treasury Products.
• Support process improvements around the Treasury Business Value chain (Trading Desks, Risk Management, Settlement Operations, Internal Control).
• Support the management of audits relating to the Treasury Business & Products (Internal, External & Regulatory Audits).

Job Requirements/Qualifications

• Bachelor's Degree in Accounting, Economics or any related field. 
• Must possess at least 5 years’ relevant experience in a similar role. 
• CFA or ACA/ACCA; Accounting or related Bachelors.

Application Closing Date
Not Specified.

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