Central Bank of Nigeria - Nigeria - Accounting/ IFRS /Basel II/III Specialist

Accounting/ IFRS /Basel II/III Specialist

Central Bank of Nigeria - Nigeria

Job Description

• Define the strategy for IFRS,  Basel II and Basel III compliance by Nigerian banks
• Provide advice on interpretation and the implementation of applicable   accounting standards and global financial industry regulations and standards.
• Define local strategy for implementation of and compliance with applicable accounting standards and financial industry regulations.
• Review regulatory guidance (IFRS, Basle II/III) and ensure that industry risk frameworks comply with benchmark regulations for various fixed income assets used in investment and monetary policy operations of banks, with a particular emphasis on structured  credit products and covered bonds
• Participate in Stress Testing of Financial Institutions
• Contribute to the review and update of the CBN's accounting policies

–        Research accounting and reporting issues
–        Recommend actions based on changes in reporting and/or accounting requirements
Review accounting for technical and complex accounting transactions, including derivatives, purchase accounting, equity, stock-based compensation, impairment analyses, and others to ensure compliance with IFRS requirement and development of accounting policies

Desired Skills & Experience

Core Skills

• Deep knowledge of IFRS and Basel II/III accounting legislation
• Relevant experience in an audit practise is mandatory
• Strong financial reporting
• Strong accounting skills
• Strong analytical and problem solving and writing skills
• Strong quantitative skills

 
 
Generic Skills

• Teamwork
• Administration and Resource Management
• Results Orientation
• Numeric Analysis
• Interpersonal Relationship Ability
• Action Planning

First degree /HND in Accounting, Finance, Mathematics, Economics or related disciplines
A post graduate degree is an added advantage
Membership of the following professional bodies is an added advantage: Association of Chartered Certified Accountants (ACCA), Institute of Chartered Accountants of Nigeria (ICAN), Chartered Institute of Taxation of Nigerian (CITN), Association of National Accountants of Nigeria (ANAN)
Possession of the following certifications is an added advantage: Certified Chartered Accountant (CCA), Certified Public Account (CPA), Certified Management Accountant (CMA)
Senior Manager: Minimum of 8 years experience in an accounting role in a large institution. At least 3  years must have been spent in a management position
Manager: Minimum of 6 years experience in an accounting role in a large institution

Company Description

The Central Bank of Nigeria (CBN) is Nigeria's foremost financial system regulatory institution, with statutory responsibility for the overall control and administration of the monetary and financial sector policies of the Federal Government of Nigeria. One of the strategic objectives of the CBN, headquartered in Abuja, Nigeria, is to promote a sound financial system in Nigeria. The Financial System Stability Directorate is seeking appropriately qualified Nigerians to join its team of professionals in the following roles

Additional Information

Posted:

April 26, 2012

Type:

Full-time

Experience:

Mid-Senior level

Functions:

Management 

Industries:

Financial Services 

Job ID:

2928223

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