Treasury Operations Specialist at MTN Nigeria

Mission:

Responsible for executing operational activities, which are typically in line with managing the company’s liquidity, acquiring funds for operational activities, and ensuring that funds are invested to achieve maximum return while minimizing risk.

Description:

• Stay abreast of evolving financial regulations, ensuring the Payment Service Bank complies with guidelines and policies as indicated in the Guidelines for Licensing and Regulation of Payment Banks by the Central Bank of Nigeria.
• Implement policies and procedures to mitigate regulatory risks and enhance overall compliance.
• Develop and implement a standardized process for the creation and maintenance of General Ledger entries related to treasury transactions, including GLs that mirror our position in all accounts held, earned and unearned incomes for investments in government securities (T-Bills and Bonds), and collateral GLs for securities held as a requirement for access to platforms, switches, and markets, e.g., NIBSS, E-Transzact, Interswtich, FMDQ, and interbank lending and borrowing, specific to the type of lending or borrowing transactions, e.g., standing deposit facilities and secured lending facilities provided by CBN.
• Ensure alignment with accounting principles, providing accurate and transparent financial reporting.
• Facilitate secure and compliant access to the Central Bank Real-Time Gross Settlement (RTGS) for payment of cash-related transactions and the Scripless Securities and Settlement System (S4) for delivery of securities.
• Access to the S4 platform for bidding at NTB and OMO auctions, enabling the bank to buy directly from the CBN into its position or on behalf of customers, thereby enhancing profitability.
• Ensure integration of the Qex platform to promote autonomy of operational processes and expand our access to the latest financial products offered in the financial market by FMDQ, including derivatives and the newly launched NDF.
• Establish and maintain protocols for efficient fund transfers and settlements, ensuring seamless integration, e.g., straight-through processing (STP) of transactions with Central Bank systems and in line with the CBN guidelines on settlement of RTGS and S4 transactions.

Education:

• Minimum of Bachelor degree in Finance, Accounting, and other related field

Experience:

3–7 years of experience in treasury or settlements operations in a bank, fintech, or payment solution business is of great advantage.

• Subject matter expert in treasury and banking concepts.
• Practical experience and understanding of financial inclusion.
• Intermediate knowledge of accounting and finance principles, with the ability to apply concepts within a treasury context.
• Should have experience with bank reconciliation.