Team Lead, Product Control

Team Lead, Product Control

Job Identification: 1281
Job 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
  • 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.
  • 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.
  • 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 of relevant experience in a similar role.
  • CFA or ACA/ACCA; Accounting or related Bachelors.

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

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