Unit Head, Product Control at First Bank


We are currently recruiting a suitably and qualified Unit Head, Product Control (Full-time).


First Bank of Nigeria Limited is a multinational bank and financial services company in Lagos, Nigeria. First Bank is owned by FBN Holdings PLC, which in itself has diversified ownership with over 1.3 million shareholders.



Duties & Responsibilities

  • 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.



  • Education

CFA or ACA/ACCA; Accounting or related Bachelors.

  • Experience

Must possess at least 15 years’ relevant experience.


Note: Only shortlisted applicants will be contacted. 


Method of Application

Interested and qualified applicants should follow the link below to submit CV and application letter.

Location: Nigeria

Application Deadline:  01/12/2024, 12:41 PM


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