CA Global Headhunters is an international recruitment and staffing company with an in-depth focus on Recruitment in Africa. We recruit talent of the highest standard across African Sectors in Mining, Oil & Gas, Engineering, Banking, Finance, Legal, Insurance, Commodities and Agriculture. As the African markets further grow and develop, our skills and ex...
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Unit Head Product Control (Risk Valuation / Product Review / Treasury)
An exciting opportunity awaits with one of Nigeria's largest banks! We are seeking a dynamic Unit Head for Product Control, specializing in Risk Valuation, Product Review, and Treasury operations.
As the key custodian of financial integrity, you will oversee critical functions ensuring accuracy, compliance, and profitability within the bank's treasury portfolio.
Responsibilities And Requirements
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.
Will report to Head, Financial Control
Must possess at least 15 years’ relevant experience.
Qualifications required: CFA or ACA/ACCA; Accounting or related Bachelors.
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