Chief - Asset, Liability & Management at First Bank of Nigeria Limited (FirstBank) in Lagos

ALCO Documentation:

• Organize the ALCO status updates process
• Evaluate ALCO Demonstrations/Documentation
• Show Documentation at ALCO sessions in the absence of the HOD

ALCO Secretariat:

• In charge of the smooth running of the ALCO secretariat.
• Guarantee promptness collation and circulation of ALCO documentation and papers and track ALCO action points and status updates advancement to the board.
• Ensure precise recordkeeping and prompt circulation of minutes.
• Track outputs and action points from the ALCO meeting.

Board Documentation:

• Organize every quarter ALM Board documentation and making sure all key Liquidity, Capital Adequacy and Interest rate indicators are reported to board of directors and Board Board.
• Every quarter Stress running test of Trading & Non-Trading records
• Show all ALM and Market Risk documentation to board of directors Risk mitigation strategy Board (BRMC) in the absence of the HOD

External Documentation:

• Ensure the project setup of all Market and Liquidity Risk mitigation strategy notes and disclosures as part of the Bank, Banking Group and FBN Holdings’ yearly released accounts 
• Offer all ALM audit plans to external auditors.
• Address CBN as it concerns liquidity and non-trading market risk in addition to to rating agencies and other external bodies.

Rules and Procedures:

• Development of ALM procedures, standard procedures and rules.
• Managing the periodic evaluate of ALM rules and standard procedures
• Advise on strategic responses to liquidity risks embedded in non-trading schedule-prepayment clauses etc.
• Organize Market & Liquidity Risk Bundle and ALM & Trading Limits. 
• Producing ALM and Market Risk consciousness among participants. Development of RICOs and Participants on ALM procedures.
• Collaborate with FINCON, CRM, Capital Management and Treasury to modify or formulate liquidity stress structured approach

Model Development:

• Conceptualizing necessary ALM & Market Risk models using Excel spreadsheet software VBA.
• Improvement and optimization of current ALM models.
• Self-sufficient confirmation of current and prospective models used in non-trading market risk, liquidity risk, stress running test etc.
• Evaluate compliance obligations and industry practice regarding liquidity risk and non-trading market risk models.

Project coordination:

Organize the execution and help with the Enterprise risk mitigation strategy projects of the Bank as it concerns ALM, Liquidity Risk and Non-Trading Interest Rate Risk. Management of ALM Software execution and optimization.

Subsidiary Monitoring:

• Evaluate of Non-Trading Market Risk and Liquidity Risk procedures, rules, limits, ratios and models of the various subsidiaries.
• Engaging in the Bi- Every month ALCO sessions of all the subsidiaries.
• Evaluate the documentation on the routine and every quarter financial statement ratios to check for adherence to the entities’ board authorized limits and compliance-related thresholds.
• Development and development ALM Risk employees across the subsidiaries.
• Other Obligations:
• Fulfill the role of Chief, Market and Liquidity Risk mitigation strategy in the absence of the HOD
• Organize yearly unit-specific financial plan and preserving productive budgetary regulate inside the department.
• Address internal audit queries and exceptions
• Ensure the Development and development of subordinates
• Any other responsibility that may be allocated by the HOD or other top level officers of the bank.

Qualifications Education:

At least Education:  Bachelor's degree in Finance, Accounting, Economics, Mathematics/Statistics or any other technical discipline.  Higher degrees (nice to possess).

Expertise:

Least experience:  10 years related experience covering Finance and Risk mitigation strategy