About First Bank
First Bank of Nigeria Limited is the leading bank in West Africa and deeply ingrained in society. Its culture revolves around four core values: Entrepreneurship, Professionalism, Innovation, and Customer-Centricity (EPIC). These values define the bank’s mindset, actions, and work ethic, enabling them to fulfill their vision of becoming Africa’s preferred bank. EPIC encapsulates their commitment to achieving results for each other, the bank, and themselves, fostering motivation and personal growth. Every decision and action taken by FirstBankers is guided by these values, emphasizing the importance of entrepreneurial spirit, professionalism, continuous innovation, and a customer-focused approach in their work.
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We are recruiting to fill the position below:
Job Title: Portfolio Manager
Location: Samuel Asabia House, Lagos
Job Schedule: Full time
Job Identification: 858
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 bodies to ensure that the unit is well informed and complies with all regulatory 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 functions as assigned by the head Portfolio Manager,Head Private Banking location and EVP Private Banking.
Job Requirements
Education:
- Minimum of a 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).
Tips to Help you Be Successful when Applying for the Position of Portfolio Manager at First Bank of Nigeria Limited
When applying for a Portfolio Manager position at First Bank of Nigeria Limited, here are some tips to increase your chances of success:
- Tailor your application: Customize your resume, cover letter, and any other application materials to highlight relevant skills, experiences, and qualifications that align with the job requirements. Showcase your knowledge of investment and wealth management.
- Highlight your expertise: Emphasize your experience in middle-office operations, financial services, and portfolio management. Provide specific examples of your achievements, such as successfully handling transactions, generating reports, and collaborating with teams.
- Demonstrate knowledge of First Bank: Research and understand First Bank of Nigeria Limited’s mission, values, and culture. Show your enthusiasm for their commitment to entrepreneurship, professionalism, innovation, and customer-centricity. Align your application with these values.
- Showcase your educational background: Highlight your Bachelor’s degree in a relevant field and any additional qualifications such as a Master’s degree, CFA, ICAN/ACCA, or Chartered Alternative Investment Analyst. Emphasize how your educational background enhances your ability to excel in the role.
- Emphasize your research skills: As a Portfolio Manager, research is crucial. Demonstrate your ability to conduct research on investment and wealth management products and stay updated on market trends. Mention any experience collaborating with research providers or leveraging research resources.
- Display strong communication skills: Effective communication is essential for working with Private Banking sales teams and clients. Showcase your ability to communicate complex information clearly, both verbally and in writing. Highlight your experience preparing proposals, reports, and client communications.
- Show your attention to detail: Accuracy and attention to detail are vital in portfolio management. Highlight your ability to handle transactions promptly and produce error-free reports. Discuss your experience with asset management, real estate, trust services, and other relevant areas.
- Demonstrate teamwork and relationship-building skills: Portfolio Managers work closely with various teams, units, and subsidiaries. Showcase your ability to collaborate, maintain good working relationships, and leverage internal resources effectively.
- Highlight compliance and regulatory knowledge: Emphasize your understanding of regulatory requirements in the financial services industry. Show your commitment to compliance and ethical practices in portfolio management.
- Follow the application instructions: Pay close attention to the application process and submit all required documents accurately and within the specified deadline. Double-check your application for any errors before submitting.
Remember to always present yourself professionally, demonstrate your passion for the role, and align your qualifications with the needs of First Bank of Nigeria Limited. Good luck with your application!
Deadline
11th July, 2023.
