Group Head, Treasury & Financial Institutions

We are recruiting to fill the position below:

Job Title: Group Head, Treasury & Financial Institutions

Location: Lagos Corporate Headquarters (Periodic travel across group subsidiaries)
Employment Type: Full-time | Senior Management
Industry: Steel Manufacturing | Mining | Energy (Power & Renewables
Reports To: Group Executive Director, Finance (GED-F)

About the Role

• We are seeking an experienced Group Head, Treasury & Financial Institutions to provide strategic leadership for the Group's treasury function across its steel manufacturing, mining, and energy businesses.
• Reporting to the Group Executive Director, Finance, the successful candidate will be responsible for treasury strategy, liquidity management, foreign exchange, trade finance, banking relationships, financial risk management, and treasury governance to support the Group's growth and financial sustainability.

Key Responsibilities

• Manage short-term investment portfolios and optimize surplus cash within approved investment guidelines.
• Monitor Naira/USD, Naira/EUR, and other relevant currency pairs, providing regular FX outlook reports and recommendations to management.
• Oversee treasury systems, banking platforms, internal controls, reconciliations, and treasury reporting to ensure operational efficiency and regulatory compliance.
• Collaborate with Finance, Procurement, Operations, and subsidiary leadership to support strategic financing, capital projects, and business expansion.
• Oversee daily liquidity management, cash positioning, working capital, intercompany funding, and rolling cash flow forecasts across all subsidiaries.
• Lead, mentor, and develop the Group Treasury team while driving continuous improvement and treasury best practices across the organization.
• Negotiate and manage credit facilities, revolving facilities, overdrafts, trade finance instruments, letters of credit, bank guarantees, and other financing arrangements.
• Develop and implement the Group's treasury strategy, policies, governance framework, and operating procedures.
• Build and maintain strategic relationships with commercial banks, investment banks, development finance institutions (DFIs), and other financial partners.
• Engage with the Central Bank of Nigeria (CBN) and authorized dealer banks on FX allocations, regulatory compliance, and repatriation requirements.
• Manage treasury-related financial risks, including liquidity, interest rate, commodity price, currency, and counterparty risks, while providing regular risk reports to executive management.
• Identify, monitor, and manage foreign exchange exposures, executing appropriate hedging strategies and ensuring compliance with CBN regulations.
• Lead treasury initiatives to optimize cash utilization, capital structure, debt management, and funding requirements.
• Oversee trade finance operations to ensure uninterrupted procurement and supply chain activities across the Group.
• Build and maintain relationships with DFIs and multilateral institutions (e.g., AfDB, IFC, NEXIM, BOI) to access long-term, concessional financing where applicable.

Requirements

• Experience working with development finance institutions such as AfDB, IFC, BOI, Afreximbank, or similar institutions will be an advantage.
• Professional qualification such as ACA, ACCA, CFA, CTP, or ACT is mandatory.
• MBA or Master's Degree is an added advantage.
• Strong expertise in treasury management, liquidity planning, FX management, trade finance, corporate banking, debt management, and treasury risk management.
• Proven experience within large manufacturing, mining, energy, oil & gas, industrial organizations, or leading financial institutions.
• Experience with treasury management systems (e.g., Kyriba, SAP TRM, FIS Quantum, or similar) is required
• 12–18 years of progressive treasury, corporate banking, or financial risk management experience, including at least 5 years in a senior treasury leadership role.
• Bachelor's Degree in Finance, Accounting, Economics, or a related discipline.
• Hands-on experience with Treasury Management Systems (TMS), multi-currency operations, and CBN/FMDQ regulatory frameworks.

Core Competencies:

• Foreign Exchange & Hedging.
• Cash Flow Forecasting & Capital Management.
• Treasury Risk Management.
• Financial Analysis & Commercial Acumen.
• Leadership & Stakeholder Management.
• Banking & Financial Institution Relationship Management.
• Treasury Strategy & Liquidity Management.
• Trade Finance & Corporate Banking.