Taofeeq Abdulkareem

Experience

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  Ajaokuta Steel Company Limited

  Aug 2002 - Apr 2004

  Business Support / Logistics Officer (2002 – 2004)

   Manage Business relationship with Clients Organizes and coordinates business meetings with clients and employers. Problem solving and crisis management  Oversees Administrative functions of the division Undertake clients around the site

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  First Bank Of Nigeria Limited

  Jan 2004 - Nov 2022

   Part of a team of two that secured a medium and long financing of US$500million for the bank Brokered deal with correspondent banks that significantly increased short term credit lines by 160% for the bank. Management of Accounts of offshore subsidiaries across the group, covering six countries in Africa (Ghana, Senegal, Guinea, Gambia, Sierra Leone and Democratic Republic of Congo) Including FBN Bank (UK). Support Subsidiaries to source for short and medium term funding from the Group’s correspondent banks Coordinate and anchor scheduled meetings with Correspondent Banking partners Managing relationships of Foreign Banks and Multilateral Agencies Initiate plan to establish relationship with desired partners Review Credits of Customers to obtain approvals from Management  Monthly and Quarterly call memos to Management  Monthly and Quarterly rendition to creditors Show less  Facilitated increase in Short Term Funding  Managing large Bonds and Guarantee portfolios from Foreign Banks of over US$150 million Raising Local Currency funding through the sales of fixed income instruments Preparing a variety of reports for a wide range of partners regarding documentary credits, fixed income instruments and other matters relating to the work of the financial institutions team to the Senior Management Team Reviewing Due Diligence/Know Your Customer Documentation for onward submission to Compliance team Follow up with referrals to fruition from Representative Office of the Bank in China, Abu Dhabi and South Africa. Prepare and organise Senior Management meeting with counterparties Maintaining records on computerised database systems for the assessment and Management of the Bank’s foreign contingent liabilities Show less  Designed and executed major guidelines in the process of travels. Contributed to reduction of costs through concessions. Established corporate business partnership with major Embassies where turnaround time for issuance of visas to bank officials is swiftly delivered. Established a bilateral relationship between Embassies Economic Consulate and the Bank Enabled a 24hour processing time of Nigerian passports for all staff on business trips. Increase service delivery for stakeholders on travel matters. Represent the Bank at conferences/seminars on immigration matters. Initiated an auto response on the bank’s portal to provide travel advice to workforce in collaboration with Information technology team. Generate weekly reports on travels Show less

  • Relationship Manager, Treasury (Foreign Financial Institutions & Multilaterals) Jan 2016 to Date

    Jan 2016 - Nov 2022

  • Relationship Manager, Institutional Banking Group (Local and Foreign Financial Institutions& PFAs

    Jan 2010 - Dec 2015

  • Business Support /Protocol Officer, (2004 – 2009)

    Jan 2004 - Dec 2009
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  First Bank of Nigeria Ltd.

  Jul 2022 - now

  Business Manager, FI (Non-Banking FIs: PFAs, Insurance, Assets Management)

  Key Responsibilities Provide Direction on Strategic Intent of the team Coordinate and identify Clients needs Creation of Liabilities in line with overall objective of the Bank Assets Creations  Engage Internal Stakeholder on Relevant Joint needs Present monthly performance report to the Group Oversee the overall Management of Account Relationships of the team