Company: First Bank of Nigeria Limited (FirstBank)
Location: Nigeria
Job Identification: 1809
Employment Type: Full-time
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 and over 750 branches, FirstBank provides a comprehensive range of retail and corporate financial services.
The bank also maintains an international presence through subsidiaries and representative offices across the United Kingdom, France, Democratic Republic of the Congo, Ghana, The Gambia, Guinea, Sierra Leone, Senegal, South Africa, China, and the United Arab Emirates.
Duties and Responsibilities
Junior Dealer
- Prepare daily cash flow forecasts for local currency (LCY) and foreign currency (FCY) positions and highlight funding gaps to the Senior Dealer.
- Update and circulate daily liquidity position reports to management.
- Track inflows, outflows, coupon receipts, maturities, and CRR debits.
- Execute routine money market trades, including placements, takings, and repos, under supervision.
- Capture Treasury trades accurately and promptly in the relevant system.
- Reconcile positions and resolve breaks in coordination with the Middle and Back Offices.
- Maintain schedules of FVOCI and AMC portfolio maturities and coupon payments.
- Track market prices and yields and flag significant movements for appropriate action.
- Support reinvestment activities by providing indicative pricing and market levels.
- Maintain deposit pricing sheets for LCY and FCY products.
- Provide rate indications to branches and business units.
Senior Dealer
- Lead daily liquidity management and cash flow forecasting for LCY and FCY positions.
- Execute interbank placements, repos, borrowings, and FX swaps to optimise the cost of funds.
- Monitor intraday positions, anticipate liquidity gaps, and propose funding solutions.
- Maintain adequate liquidity buffers while minimising idle balances.
- Identify and eliminate inefficiencies and suboptimal use of liquidity.
- Manage daily funding and liquidity gapping using available placement and funding limits.
- Identify and capitalise on arbitrage opportunities in the market.
- Implement and monitor transfer pricing rates across products and currencies.
- Review and approve deposit pricing concessions within delegated limits.
- Escalate out-of-policy requests to the Head of Risk Treasury for approval.
- Manage daily operations of FVOCI (AFS) and AMC (HTM) portfolios, including T-bills, OMO bills, and bonds.
- Recommend buy/sell strategies, duration positioning, and reinvestment of coupon and maturity proceeds.
Job Requirements
Educational Qualification
- Minimum of a First Degree or equivalent in any discipline, preferably a business-related field.
- Professional qualifications such as CFA, LFA, or ICAN are an advantage.
Experience
- Junior Dealer: 1–5 years of relevant Treasury experience.
- Senior Dealer: 5–10 years of relevant Treasury experience.
How to Apply
Interested and qualified candidates should apply online through the FirstBank recruitment portal.
Application Link: Apply for the Junior / Senior Dealer – Risk Treasury position
Application Closing Date
9 September 2026; 1:00 AM