Team Lead Product Control at First Bank

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
• 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.
• 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.
• 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
• Manage the Team of 2 Product Control Officers
• Perform any other duty assigned by the Unit Head, Product Control and Financial Controller.
• Will report to Unit Head, Product Control

Qualifications required:

• Must possess at least 10 years’ relevant experience.
• CFA or ACA/ACCA; Accounting or related Bachelors.