Job Description

DelonJobs is seeking to hire Unit Head Product Control for a tier-1 bank in Nigeria. The ideal candidate will report to Head, Financial Control and be responsible for daily monitoring and validation of Risk, positions & P&L arising from the bank’s treasury products and activities.

Candidate should have minimum of 15 years’ relevant experience within the FINTECH or banking sector. Grade range is SM/PM  . Candidate must have bachelor’s degree in Accounting, or any other related quantitative field. Advanced degrees are an advantage. Annual gross salary is between N38,000,000 – N45,000,000 . 

To apply kindly send your CV with the subject " Unit Head Product Control – UHPCFB241" to [email protected]

Qualifications required
– CFA or ACA/ACCA

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. 

To apply kindly send your CV with the subject " Unit Head Product Control – UHPCFB241" to [email protected]