Portfolio Manager at First Bank of Nigeria Limited Full Time

Job Title: Portfolio Manager

Job Identification: 858
Location: Lagos
Job Schedule Full time

Job Objective(S)

• To handle operational and research activities within the middle-office which provide support to Private Banking sales teams in all locations, enabling them to deliver customized solutions to all clients.

Duties & Responsibilities
Transactional:                                                                                     •

• Processing Private Banking clients’ transactions including liaising with other units, product houses and subsidiaries of the First Bank group to process Private Banking clients’ transactions promptly.
• Anchoring all transactions related to asset management, real estate purchase/finance, credits, safety deposits, trust services, offshore investments and others as defined by Head Portfolio management or GH Private Banking
• Preparing all wealth management proposals on behalf of Private Banking clients and ensuring that these are error-free and of high standards.
• Issuing and signing of Private Banking clients’ investment confirmation and certificates

Operational:

• Conducting research on Investment & wealth management products and liaising with FBN Quest and other research providers for updated information on equity, bond and money markets.
• Updating and disseminating information to private Banking team on available products and services as well as market trends Monthly update of client product utilization to feed the Asset Holding Report for FBN Private Banking.
• Structuring ideal portfolios for Private Banking clients further to discussing with Relationship Managers, reviewing customer information details, and leveraging other First Bank subsidiaries
• Generating portfolio reports and account statements for Private Banking clients as required
• Generating periodic reports to meet monitoring and reporting requirements of First Bank Private Banking.
• Ensuring prompt and efficient processing of client mandates
• Monitoring loans booked by the back office and updating clients’global position report.
• Verifying customer trades via online portal and updating portfolio status of clients
• Maintaining good working relationships with other teams, units, and subsidiaries
• Leveraging good relationship with product houses such as FBN Capital, FBN Mortgages, FBN Trustee etc. to ensure efficiency in processing Private Banking transactions
• Developing relationships with research and regulatory bodiesto ensure that the unit is well informed and complies with allregulatory requirements at all times.

Others:

• Ensuring the documentation of all safe custody items
• Ensuring securities certification and release of pledged securities
• Escalation of all material, unusual or difficult transactions to Head Portfolio Management
• All other functionsas assigned by the head Portfolio Manager,Head Private Banking location and EVP Private Banking.

Job Requirements
Education:

• Minimum Bachelor’s Degree in relevant field.
• Master’s Degree in Business, Finance or similar strongly preferred.
• CFA) /ICAN or ACCA/Chartered Alternative Investment Analyst qualification strongly preferred.

Experience:

• 3 years middle office background (financial Services preferred).

Application Closing Date
22nd July, 2023 at 09:02 PM