First Bank Recruitment 2026: Product Control Officer – Apply Now

Are you an experienced finance or treasury professional looking to advance your career with one of Nigeria's leading financial institutions? First Bank of Nigeria is currently inviting qualified and experienced professionals to apply for the position of Product Control Officer.

This is an exciting opportunity for candidates with strong expertise in treasury operations, financial reporting, accounting, reconciliations, and regulatory compliance to become part of a reputable banking institution known for excellence, innovation, and professional development.

If you have a background in Accounting, Economics, Treasury Operations, Financial Control, or Risk Management and possess the required experience, this role could be the next major step in your career.

This article provides a detailed overview of the Product Control Officer position, including the responsibilities, qualifications, required skills, and application information.

Job Title

Product Control Officer

Location: Nigeria

Employment Type: Full-Time

Job Identification: 1726

Posting Date: 4 August 2026

About the Position

The Product Control Officer plays a critical role in supporting the bank's Treasury operations by ensuring the accuracy of financial records, validating treasury transactions, monitoring compliance, and maintaining strong financial controls.

The successful candidate will work closely with Treasury Dealers, Finance, Risk Management, Settlement Operations, Internal Control, and other stakeholders to ensure treasury products are accurately recorded, reconciled, and reported in accordance with internal policies and regulatory requirements.

This role requires exceptional analytical skills, attention to detail, strong accounting knowledge, and the ability to work effectively under pressure.

Key Responsibilities

The Product Control Officer will perform a variety of treasury control and financial reporting duties aimed at maintaining the integrity of treasury operations.

1. Daily Treasury Account Reconciliation

One of the core responsibilities of the role is conducting daily reconciliations between treasury applications and the bank's core banking systems.

The successful candidate will:

• Review account balances maintained within the Treasury Application (Calypso).

• Reconcile balances with the Core Banking Application.

• Investigate and resolve any discrepancies promptly.

• Ensure financial records remain accurate and complete.

Maintaining accurate reconciliations is essential for operational efficiency and financial reporting.

2. Treasury Suspense Account Monitoring

The Product Control Officer will review Treasury Suspense Accounts daily to ensure all outstanding entries are legitimate and supported by appropriate documentation.

Responsibilities include:

• Monitoring unsettled treasury transactions.

• Investigating unusual balances.

• Escalating unresolved items.

• Ensuring suspense accounts contain only valid outstanding transactions.

3. Treasury Product Validation

The role requires daily validation of treasury trading positions across several financial instruments.

These include:

• Fixed Income Securities

• Foreign Exchange (FX)

• Money Market Placements

• Money Market Takings

• Derivative Products

The objective is to verify that previous day's positions accurately reflect treasury activities.

4. Review of Receivables, Payables and Contingent Accounts

The successful candidate will:

• Validate receivable balances.

• Review payable accounts.

• Monitor contingent liabilities relating to treasury products.

• Confirm that all transactions are accurately recorded.

This responsibility supports financial accuracy and regulatory compliance.

5. Investigation of Variances

Whenever discrepancies are identified during reconciliation or validation processes, the Product Control Officer will:

• Perform detailed root-cause analysis.

• Identify the source of the variance.

• Raise exceptions with relevant departments.

• Obtain approvals for necessary corrections.

• Ensure corrective actions are properly documented.

Strong analytical and investigative skills are essential for this responsibility.

6. GL-Blotter Reconciliation

Another important duty involves ensuring treasury transactions are accurately reflected in the General Ledger.

This includes:

• Reviewing daily treasury blotters.

• Matching treasury deals with ledger postings.

• Confirming all completed transactions have been properly recorded.

• Escalating outstanding transactions promptly.

Accurate ledger reconciliation supports reliable financial reporting and audit readiness.

7. Daily Profit and Loss Reporting

The Product Control Officer will prepare and distribute daily Treasury Profit and Loss (P&L) reports.

These reports provide management with valuable insights into:

• Trading performance

• Treasury profitability

• Financial positions

• Market exposure

• Business performance

Timely reporting enables informed strategic decision-making.

8. Validation of Treasury Securities

On a monthly basis, the Product Control Officer will validate the completeness of Fixed Income Securities and pledged assets maintained within various depositories.

These include:

• S4

• CSCS

• FMDQ

• Other approved depositories

This validation helps ensure the bank's investment records remain accurate and complete.

9. Compliance Monitoring

The Product Control Officer is responsible for monitoring compliance with the bank's Product Control Framework.

This includes ensuring treasury activities comply with:

• Internal policies

• Regulatory guidelines

• Financial reporting standards

• Risk management requirements

Maintaining compliance reduces operational and regulatory risk.

10. Treasury Suspense Control

The successful candidate will continuously monitor treasury suspense accounts to ensure:

• Only genuine unsettled trades remain outstanding.

• Transactions are cleared promptly.

• Invalid entries are corrected.

• Operational risks are minimized.

11. Treasury Product Configuration

As treasury products evolve, accounting structures require regular updates.

Responsibilities include supporting:

• Accounting Rule creation

• Account Mapping

• Static Filter configuration

• Treasury product setup

• System enhancements

This work ensures treasury products are correctly represented within financial systems.

12. Financial Reporting Support

The Product Control Officer will collaborate closely with the Financial and Management Reporting Team.

Support activities include:

• Preparing financial analyses.

• Explaining treasury performance.

• Reviewing trading positions.

• Providing analytical reports for management.

These insights contribute to improved financial planning and strategic decisions.

13. Process Improvement

Continuous improvement is an important aspect of the role.

The successful candidate will help identify opportunities to enhance treasury processes across:

• Trading Desks

• Risk Management

• Settlement Operations

• Internal Control

• Treasury Reporting

Improved processes help increase efficiency while reducing operational risk.

14. Audit Support

The Product Control Officer will also support various audit activities involving Treasury operations.

These include:

• Internal Audits

• External Audits

• Regulatory Audits

Responsibilities include preparing documentation, responding to audit requests, and ensuring treasury records meet compliance requirements.

Educational Qualifications

Applicants should possess:

• A Bachelor's Degree in Accounting, Economics, Finance, or another related discipline.

Professional qualifications will provide an added advantage.

Preferred certifications include:

• ACA

• ACCA

• CFA

Equivalent recognized accounting or finance certifications may also be considered.

Experience Requirements

Applicants should possess:

• A minimum of five (5) years' relevant professional experience in Treasury Operations, Product Control, Financial Control, Accounting, or a similar role within the banking or financial services industry.

Relevant experience in treasury reconciliation, financial reporting, and risk control is highly desirable.

Skills Required

Successful candidates should demonstrate:

• Strong analytical skills.

• Treasury accounting knowledge.

• Financial reporting expertise.

• Reconciliation experience.

• Attention to detail.

• Excellent communication skills.

• Problem-solving ability.

• Knowledge of treasury products.

• Risk management awareness.

• Strong Microsoft Excel proficiency.

• Ability to work under pressure.

• High ethical standards and integrity.

Why Join First Bank?

Working at First Bank provides professionals with the opportunity to:

• Build a long-term career with one of Nigeria's most respected financial institutions.

• Work alongside experienced treasury and finance professionals.

• Gain exposure to complex treasury products and financial markets.

• Enhance professional knowledge through challenging assignments.

• Contribute to the bank's financial control and governance framework.

• Develop expertise in treasury operations and product control.

• Access opportunities for career growth and continuous learning.

Job Information

How to Apply

Interested and qualified candidates should submit their applications through First Bank of Nigeria's official recruitment portal. Applicants are encouraged to review all eligibility requirements carefully, prepare an up-to-date résumé, and ensure that all supporting documents accurately reflect their qualifications and experience before applying.

Submitting your application early is advisable, as recruitment timelines and application windows may change without prior notice.

Final Thoughts

The Product Control Officer position at First Bank of Nigeria offers an excellent opportunity for experienced finance and treasury professionals seeking to build a rewarding career in one of the country's most established banking institutions. The role combines treasury operations, financial reporting, reconciliation, regulatory compliance, and process improvement, making it ideal for candidates with strong analytical skills and a passion for financial control.

If you meet the educational qualifications, possess at least five years of relevant experience, and are looking to contribute to a high-performing treasury environment, this vacancy is worth considering. Ensure you apply through the bank's official recruitment channel and provide complete, accurate information during your application.