Manager - Fixed Income and FX Structure.Finance at MTN Nigeria

Reports To: Senior Manager - Treasury Management

Division: Finance

Mission:

• To provide support in the management of MTNN’s excess cash in the fixed income space in order to preserve cash value, optimize yield and provide sufficient liquidity for the funding of crucial obligations of the business and provide Financial Advisory and management of MTNN’s foreign currency, demand exposure, and settlement of FX-indexed obligation to preserve value, support CAPEX rollout, settle Fx obligations and protect the Business from exchange rate volatilities.

Description:

• Lead the implementation and oversight of policy and governance frameworks, procedures, practices, and standards to ensure quality, effective forex risk management and regulatory compliance.
• Source, negotiate, and enter in competitive and structured Trade contract for the purchase of foreign currency.
• Proactively monitor foreign currency exchange rates and other exposures relevant to the Company.
• Create mitigation structure for curtailing FX volatilities within the Bond Approved limits to protect balance sheet from currency volatility.
• Lead the implementation and oversight of policy and governance frameworks, procedures, practices, and standards to ensure quality, effective forex risk management and regulatory compliance.
• Define counterparty risk exposure limit for Banks based on defined financial and risk criteria.
• Update the Investment Policy Statement and asset allocation matrix as required and especially in line with changing business and market factors.
• Develop trading strategies on fixed income based on market fundamentals and technical analysis.
• Trade fixed income securities via secure trading platform.
• Collate daily bank indicative quotes on fixed income securities to aid investment decisions.
• Provide subject matter expertise and support on the import trade process with special attention to Central Bank of Nigeria (CBN) regulatory requirements.
• Analyse challenges around Forex exposure and liquidity and build solutions leveraging experience and subject matter knowledge.
• Contribute towards strengthening compliance with and knowledge of CBN regulations and forex solutions across the Business.
• Build and maintain effective relationship with the Company’s bankers to stay informed on solutions that add value to the MTN business.
• Find commercially acceptable structures with partners within a VUCA global FX market.

Education:

• First degree in Accounting, Economics, or any Finance related discipline.
• Fluent in English
• ACI dealership certificate
• Part qualification/Membership of a professional financial management/accounting qualification (ACA, ACCA, CIMA, Level 2 CFA) 

Experience:

6-13 years’ experience in an area of specialization; with experience working with others.

• Experience in Dealing in Instruments, Fixed Income Dealing.
• FX structuring to preserve value from Volatilities.
• Experience from International Banking Organization
• Extensive knowledge in Macro-Economic Analysis and Research.
• Must have strong understanding of the Nigerian banking industry, currency control regulations, currency solutions (FX hedge instruments), and import trade finance, process, and requirements.
• Experience working in a medium organization.
• Experience in good accounting practices and the Nigerian policy environment.
• Up-to-date knowledge of the foreign exchange market and exchange control compliance.