Dealer, FX – Treasury at First Bank
First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.
Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.
The Bank has been named “The Best Bank Brand in Nigeria” four times in a row – 2011, 2012, 2013, 2014 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. FirstBank’s brand purpose is to always put its customers, partners and all stakeholders at the heart of its business, even as it is poised to standardise customer experience and excellence in financial solutions across Sub Saharan Africa, in consonance with its brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on FirstBank’s inherent values of passion, partnership and people, to position our customers first in every respect.Duties & Responsibilities
Expected to maintain continuous presence in the 2WQ market
Responsible for FX trading activities (market making and proprietary)
Responsible for meeting individual revenue targets & budgets
Responsible for contributing to team revenue goals and targets
Responsible for ensuring compliance with prudential and statutory requirements
Nurtures and maintains relationships with relevant regulatory agencies and other key stakeholders
Maintain market discipline, ethics and guidelines
Gathers market data and information
Proffers ideas on market development
Reads and understands market with a view to spot proprietory and risk taking revenue-making opportunities
Originates trade ideas and spots potential revenue opportunities
Builds and establishes individual market presence
Prepares relevant MIS reports to aid decsion making
Responsible for the update of product programs
Promotes increased customer trades
Manages the FX blotter and position
Adheres to defined risk limits and trading strategy as defined by desk head
Daily reviews of nostro accountsfor inflows and liquidity management
Liaises with other internal customers – front, middle and back office
Complies with all Bank policies.
Carries out other duties assigned by the Team lead from time to time
Comply with the principles and policies in the information security hand book
Requirements
Education:
Minimum Education: First Degree or its equivalent in any discipline preferably business related.
Professional Qualification: CFA, LFA,ICAP an advantage
Experience:
Varies from 1– 10 years relevant Treasury experience
