Manager – Fixed Income and FX Structure

Job Description

Reports To: Senior Manager – Treasury Management

Division: Finance

Mission:

• To provide support in the management of MTNN’s excess cash in the fixed income space in order to preserve cash value, optimize yield and provide sufficient liquidity for the funding of crucial obligations of the business and provide Financial Advisory and management of MTNN’s foreign currency, demand exposure, and settlement of FX-indexed obligation to preserve value, support CAPEX rollout, settle Fx obligations and protect the Business from exchange rate volatilities.

Description:

• Lead the implementation and oversight of policy and governance frameworks, procedures, practices, and standards to ensure quality, effective forex risk management and regulatory compliance.
• Source, negotiate, and enter in competitive and structured Trade contract for the purchase of foreign currency.
• Proactively monitor foreign currency exchange rates and other exposures relevant to the Company.
• Create mitigation structure for curtailing FX volatilities within the Bond Approved limits to protect balance sheet from currency volatility.
• Lead the implementation and oversight of policy and governance frameworks, procedures, practices, and standards to ensure quality, effective forex risk management and regulatory compliance.
• Define counterparty risk exposure limit for Banks based on defined financial and risk criteria.
• Update the Investment Policy Statement and asset allocation matrix as required and especially in line with changing business and market factors.
• Develop trading strategies on fixed income based on market fundamentals and technical analysis.
• Trade fixed income securities via secure trading platform.
• Collate daily bank indicative quotes on fixed income securities to aid investment decisions.
• Provide subject matter expertise and support on the import trade process with special attention to Central Bank of Nigeria (CBN) regulatory requirements.
• Analyse challenges around Forex exposure and liquidity and build solutions leveraging experience and subject matter knowledge.
• Contribute towards strengthening compliance with and knowledge of CBN regulations and forex solutions across the Business.
• Build and maintain effective relationships with the Company’s bankers to stay informed on solutions that add value to the MTN business.
• Find commercially acceptable structures with partners within a VUCA global FX market.

Education:

• First degree in Accounting, Economics, or any Finance related discipline.
• Fluent in English
• ACI dealership certificate
• Part qualification/Membership of a professional financial management/accounting qualification (ACA, ACCA, CIMA, Level 2 CFA)

Experience:

6-13 years experience in an area of specialization; with experience working with others.

• Experience in Dealing in Instruments, Fixed Income Dealing.
• FX structuring to preserve value from Volatilities.
• Experience from International Banking Organization
• Extensive knowledge in Macro-Economic Analysis and Research.
• Must have strong understanding of the Nigerian banking industry, currency control regulations, currency solutions (FX hedge instruments), and import trade finance, process, and requirements.
• Experience working in a medium organization.
• Experience in good accounting practices and the Nigerian policy environment.
• Up-to-date knowledge of the foreign exchange market and exchange control compliance.

About Us

We at MTN Nigeria Communications Plc (MTNN) are a purpose and value-led organization.

At MTN Nigeria, we believe that understanding our people’s needs and aspirations is key to creating experiences that delight you at work, every day. We are committed to fostering an environment where every member of our Y’ello Family is heard, understood, and empowered to live an inspired life.

Our values keep us grounded and moving in the right direction. Most importantly, they keep us honest. It is not something we claim to be. It is in our DNA.

As an organisation, we consider it our mission to create an exciting and rewarding place to work, where our people can be themselves, thrive in positivity and ignite their full potential. A workplace that boosts creativity and innovation, improves productivity, and ultimately drives meaningful results. A workplace that is built on relationships and achieving a purpose that is bigger than us. This is what we want you to experience with us!

Our commitments go beyond an organisational promise. It is in our leadership and managerial ethos to meaningfully partner with our employees, customers, and stakeholders with a vision to realise our shared goals.

Do you want to be a part of a mission that delivers a bold new digital world to Nigeria and Nigerians?

Then, join MTN Nigeria!

Welcome to our Y’ello family where our people are our most critical competitive assets.

If you are passionate about working for a brand that believes and invests in YOU while delivering the best value to those they serve, then THIS is the place.

Our Employee Value Proposition enables you to work with meaning, connect to develop, thrive in positivity, and grow with purpose, all-round, in all aspects to Live inspired.

It’s a great place to work!

Take that bold step and apply today!

*Eligible Females and People with Disabilities are encouraged to apply.

*MTN Nigeria Communications Plc (MTN) does not and will never ask for payment of any kind from applicants in all MTN’s recruitment processes and stages such as job application, CV review, interview, meeting, and final processing of applications. 

*MTN is not liable for fraudulent publication of job offers in MTN’s name or for the fraudulent use of MTN’s name in any manner whatsoever.