Career Opportunity at FirstBank – Join Nigeria’s Premier Financial Institution
First Bank of Nigeria Limited (commonly referred to as FirstBank) stands as the nation’s largest and most established financial institution, distinguished by its extensive asset base and gross revenue. With a rich legacy spanning over a century, FirstBank serves more than 10 million customers across its vast network of over 750 branches nationwide. The bank offers a broad spectrum of financial services, encompassing both retail and corporate banking.
FirstBank has also built a robust international presence through its foreign subsidiaries and representative offices. These include FBNBank UK Limited operating in London and Paris, as well as fully owned subsidiaries in Ghana, the Democratic Republic of Congo, The Gambia, Guinea, Senegal, and Sierra Leone. The bank also maintains representative offices in strategic global cities such as Johannesburg, Beijing, and Abu Dhabi—enhancing its ability to cater to clients with international financial needs.
We are currently seeking experienced and qualified professionals to join our dynamic team in the role below:
Job Title: Portfolio Manager
Job ID: 1397
Location: Lagos, Nigeria
Employment Type: Full-Time
Role Overview:
The Portfolio Manager will be responsible for overseeing a wide range of financial transactions and portfolio activities on behalf of high-net-worth clients within the Private Banking division. This position requires a high degree of professionalism, deep financial expertise, and the ability to interface with internal units and external partners to deliver seamless wealth management services.
Key Responsibilities:
Transactional Duties:
- Process financial instructions and portfolio-related transactions for Private Banking clients by coordinating with internal units and subsidiaries within the FirstBank Group.
- Manage client engagements involving asset acquisition, credit arrangements, offshore investments, trust services, and real estate financing in line with directives from senior leadership.
- Draft, review, and ensure the accuracy of all wealth management proposals and documentation before presenting them to clients.
- Oversee the preparation and signing of investment confirmations and certificates for private clients, ensuring regulatory compliance and precision.
Operational Functions:
- Conduct ongoing research and analysis on investment opportunities, wealth management products, and market trends in collaboration with FBNQuest and other research entities.
- Keep the Private Banking team informed about new product offerings, capital market trends, and client portfolio strategies.
- Monitor client product usage monthly to contribute to the Asset Holding Report for Private Banking operations.
- Design personalized investment portfolios in collaboration with Relationship Managers by analyzing client data and leveraging expertise from FirstBank subsidiaries.
- Prepare and issue investment mandates on behalf of clients for transactions with FBN Capital and related entities.
- Generate client portfolio reports, investment summaries, and other documentation needed to track performance and comply with reporting standards.
- Maintain accurate records of client positions globally to support comprehensive wealth tracking and performance monitoring.
- Ensure efficient execution of all client mandates and timely processing of investment instructions.
Client Portfolio Monitoring:
- Regularly verify customer trades through the online portal and keep client portfolios updated.
- Oversee the management of loans booked on behalf of clients and ensure updates to their global financial position.
- Monitor account activity to ensure client portfolios are funded and active, aligning with wealth management goals.
Relationship Management:
- Foster productive relationships with internal departments, financial product teams, and subsidiaries like FBN Mortgages, FBN Trustees, and FBN Capital.
- Liaise with regulators, compliance teams, and research institutions to maintain up-to-date knowledge of market and regulatory changes.
- Ensure collaborative engagement to streamline transactions and enhance service delivery.
Additional Responsibilities:
- Supervise the handling and secure documentation of clients’ safe custody items.
- Ensure proper certification, release, and tracking of pledged securities.
- Maintain high standards of efficiency in executing investment transactions.
- Escalate complex or unusual cases to the Head of Portfolio Management for guidance.
- Perform any other related duties assigned by the Head of Private Banking or the Group Head of Private Banking.
Candidate Requirements:
- A minimum of a Bachelor’s Degree in Finance, Business Administration, Economics, or any other related field.
- Advanced qualifications such as an MBA or Master’s in Finance will be a strong advantage.
- Professional certifications such as Chartered Financial Analyst (CFA), Chartered Accountant (ICAN/ACCA), or Chartered Alternative Investment Analyst (CAIA) are highly desirable.
- 8 to 10 years of relevant experience, ideally with a background in middle-office functions within financial institutions or wealth management services.
Application Deadline:
21st May 2025 by 09:39 AM
How to Apply:
Qualified and interested professionals are encouraged to apply through the official FirstBank recruitment portal:
CLICK HERE TO APPLY
