Job Openings at Polaris Bank Limited

Polaris Bank was established by the Central Bank of Nigeria (CBN) on September 21, 2018 to offer commercial banking services to the Nigerian public. The bank commenced services on the same day, having purchased the assets and assumed certain liabilities of the defunct Skye Bank.With a footprint of over 350 branches across the country, Polaris Bank prides itself in delivering exceptional customer experience, leveraging best in class/state of the art Information Communication Technology (ICT). By focusing on ICT solutions across multiple service delivery channels (mobile banking, ATMs, POS and online platforms) Polaris Bank maintains a pivotal role in the Nigerian banking industry, providing customers with simple, convenient and secured banking services.

We are recruiting to fill the following position below:

1.) Market Risk Specialist

Job Location: Victoria Island, Lagos
Employment Type: Full-time
Department: Risk Management

Summary

• We are seeking a highly motivated and experienced Market Risk Specialist to join our dynamic Risk Management team.
• Ideal candidate will possess a strong understanding of market risk principles and experience in applying quantitative modeling techniques to assess and manage various market risk exposures.
• They will play a critical role in ensuring the bank's compliance with regulatory capital requirements and contribute to the development and implementation of effective risk management strategies.

Key Responsibilities
Risk Monitoring and Analysis:

• Monitor and analyze market risk exposures, including interest rate risk, foreign exchange risk, and commodity price risk.
• Conduct regular stress testing and scenario analysis to identify potential vulnerabilities and assess the impact on the bank's portfolio.

Reporting and Communication:

• Prepare and present comprehensive market risk reports to senior management and relevant stakeholders.
• Communicate key risk metrics and trends effectively, providing insights that support decision-making processes.

Risk Modeling:

• Develop and enhance market risk models to accurately measure and predict potential risks.
• Ensure compliance with regulatory requirements by staying abreast of industry best practices and regulatory changes.

Policy and Procedure Compliance:

• Ensure adherence to internal risk policies, procedures, and regulatory guidelines.
• Collaborate with other departments to implement risk management best practices across the organization.

Collaboration:

• Work closely with traders, portfolio managers, and other relevant teams to understand business strategies and identify emerging risks.
• Provide risk expertise and support in the development and implementation of new financial products.

Continuous Improvement:

• Identify opportunities for process improvement within the market risk function.
• Contribute to the development and enhancement of risk management tools and methodologies.

Qualifications

• Bachelor's Degree in Finance, Economics, Mathematics, or a related field.
• 4-6 years of experience in market risk management within the banking or financial services industry.
• Strong analytical and quantitative skills, with proficiency in risk modeling and statistical analysis.
• Excellent communication and presentation skills.
• Solid understanding of financial instruments, derivatives, and risk measurement techniques.
• Familiarity with relevant regulatory requirements and industry standards.
• Relevant professional certifications (e.g., FRM, CFA) will be an added advantage.

Benefits

• Competitive salary and benefits package.
• Opportunity to work with a team of experienced and dedicated professionals.
• Professional development and training opportunities.
• Chance to make a significant impact on a leading Nigerian bank's risk management practices.
• Work in a dynamic and fast-paced environment.

Click here to apply online

2.) Business Development Manager

Job Location: Victoria Island, Lagos
Employment Type: Full-time

Summary

• We are seeking a highly motivated and experienced Business Development Manager (BDM) to join our Corporate Banking team.
• The ideal candidate will have a proven track record of success in developing and closing new business opportunities in the Nigerian market.
• They will be responsible for identifying and pursuing strategic partnerships, expanding our client base, and generating revenue for the bank.

Responsibilities

• Develop and implement a comprehensive business development strategy to achieve sales targets and revenue growth.
• Identify and qualify potential corporate clients, including large corporations, multinationals, and government entities..
• Manage and expand existing client relationships, ensuring client satisfaction and retention.
• Monitor market trends and competitor activities to identify new business opportunities.
• Build strong relationships with key decision-makers and influencers within target industries.
• Develop and present compelling sales proposals that showcase our bank's products and services.
• Negotiate and close deals with corporate clients, ensuring alignment with the bank's risk appetite and regulatory requirements
• Provide regular reports on sales performance and business development activities.

Requirements

• Bachelor's Degree in Business Administration, Finance, Economics, or a related field.
• 4-6 years of proven experience in Business Development or a related role in the banking industry.
• Strong understanding of corporate finance, financial analysis, and risk management principles.
• Track record of success in closing deals and achieving sales targets.
• Strong organizational, time management, and problem-solving skills.
• Excellent communication, interpersonal, and negotiation skills.
• Proven ability to identify and develop new business opportunities.
• Fluency in English and Hausa is a plus.

Benefits

• Competitive salary and benefits package.
• Opportunity to work with a team of experienced and dedicated professionals.
• Professional development and training opportunities.
• Chance to make a significant impact on the growth and success of a leading Nigerian bank.
• Work in a dynamic and fast-paced environment.

Click here to apply online