MTN Group Limited is currently recruiting for the position of Specialist - Fx Structuring - Finance in Nigeria. 

JOB DESCRIPTION

Job Title: Specialist - Fx Structuring-Finance

Reports To: Senior Manager Treasury Management

Division: Finance

Description

  • Provide inputs to the development of strategies to reduce the company’s risk exposure to changes in foreign currency. 
  • Keep abreast of forex regulations and requirements, applying the knowledge effectively in delivery of tasks with limited supervision.
  • Provide subject matter expertise and support on the import trade process with special attention to Central Bank of Nigeria (CBN) regulatory requirements. 
  • Analyze 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.
  • Contribute towards enhancing MTN’s ability to manage risks effectively by demonstrating and applying understanding of the regulatory environment around currency controls in Nigeria and requirements of the CBN Foreign Exchange Manual within the organization. 
  • Support and implement processes for hedging forex risks of the Company. 
  • Explore opportunities for forex solutions with the Company’s bankers and other approved channels. 
  • 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. 
  • Maintain company records of all currency purchases and ensure communication of relevant information to internal parties.
  • 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.
  • Ensure the relevant stakeholders are kept up to date on Forex regulations and requirements. 
  • 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 
  • Understanding negotiation and its impact on the company’s commercial imperatives.

 

Education:

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

 

Experience:

3 – 7 years’ experience which includes:

  • Strong understanding of the Nigerian banking industry, currency control regulations, currency solutions (FX hedge instruments), and import trade finance, process, and requirements
  • Understanding of Nigerian FX markets and certified money market dealer 
  • Experience in good accounting practices and the Nigerian policy environment
  • Up-to-date knowledge of the foreign exchange market and exchange control compliance 
  • Experience working in a medium-sized organization

ABOUT US

MTN Group Limited is a South African multinational mobile telecommunications company, operating in many African, European and Asian countries. Its head office is in Johannesburg. MTN recorded 232.6 million subscribers, making it the eighth largest mobile network operator in the world, and the largest in Africa. 

 

With more than 17510 professionals, working in over 20 countries around the world.

 

MTN recruiters are always searching for brilliant candidates with an entrepreneurial spirit, looking for a work culture where innovation is the goal, hard work is expected, and creativity is rewarded. MTN employees enjoy competitive salaries, excellent health benefits, and a network of like-minded co-workers that drive innovation across the entire telecommunication industry.

 

Do you want to be a part of a mission that delivers a bold new digital world to Nigeria and Nigerians?

 

Then, join MTN Nigeria!

 

Welcome to our Y’ello family where our people are our most critical competitive assets.

If you are passionate about working for a brand that believes and invests in YOU while delivering the best value to those they serve, then THIS is the place.

 

Our Employee Value Proposition enables you to work with meaning, connect to develop, thrive in positivity, and grow with purpose, all-round, in all aspects to Live inspired.

 

We are a proudly Platinum IiP certified company dedicated to choosing the very best candidates and working to develop your skill and talent to make sure we boost a workforce second to none.

It’s a great place to work!

Take that bold step and apply today!

Job Summary

  • Job Category: MTN Level 2
  • Posting Date: 05/19/2023, 04:36 PM
  • Apply Before05/29/2023, 10:59 PM
  • Job Schedule: Full time
  • Locations MTN plaza, Ikoyi, Lagos State, South West Region, 101233, NG