DAMILOLA ABIGAIL ABIOYE
Lagos
Summary
Treasury professional with over 7 years of experience spanning FX Trading, Treasury Markets, Correspondent Banking, Trade Finance. Proven track record of delivering trading income growth, developing and implementing profitable trading strategies, executing structured treasury transactions, expanding counterparty relationships, and leading technology-driven process improvements. Demonstrated expertise in liquidity management, risk management, regulatory compliance, and treasury transformation initiatives, with a consistent record of exceeding performance targets and maintaining zero regulatory infractions
Overview
2
2
Languages
1
1
Certification
10
10
years of professional experience
Work History
FX DEALER
QUEST MERCHANT BANK
05.2024 - Current
- Developed and implemented FX trading strategies that improved desk performance by 25% (2023-2024), exceeded annual budget by 18%, and delivered 71% trading volume growth against a 40% target (2024-2025).
- Drove a 15.78% increase in FX trading income above target through enhanced counterparty engagement, improved liquidity sourcing, and optimized trade execution.
- Executed and expanded structured treasury transactions including Credit Linked Notes (CLNs), FX Swaps, and Carry Trades, increasing structured trade contribution from 5% to 21% of overall trading activity.
- Led the implementation of Bloomberg-to-eFEMS Straight Through Processing (STP) in collaboration with Bloomberg and IT teams, eliminating manual processing, reducing operational risk, and improving transaction efficiency.
- Served as Treasury's project champion across strategic initiatives, achieving QBT ratings on all assigned deliverables, including the successful implementation of Finacle Treasury Enhancements and Treasury MIS Development projects.
- Maintained a zero regulatory infraction record throughout tenure despite evolving FX regulations and the highly regulated nature of Treasury operations.
- Consistently delivered zero-error transaction processing and reconciliation, ensuring compliance with internal controls, counterparty limits, and regulatory requirements.
- Provided two-way quotes and executed Spot, Forward, Swap, and Options transactions in the interbank FX market while optimizing FX funding, balance sheet positioning, and liquidity management.
- Built and maintained strong relationships with regulators, correspondent banks, and market counterparties to improve market intelligence, pricing competitiveness, and access to liquidity.
- Maintained exceptional responsiveness to client RFQs, ensuring swift execution and superior client service during periods of heightened market volatility and trading activity.
- May 2024 – Till Date
- Department: TREASURY
- Job Function: FX DEALER
- Analyzed market trends to inform trading strategies and optimize currency positions.
- Executed foreign exchange transactions with precision, ensuring compliance with regulatory standards.
CORRESPONDENT BANKING OFFICER
FBN QUEST MERCHANT BANK
05.2023 - 05.2024
- By leveraging on industry insights and prior experience, I implemented innovative strategies that successfully increased the Bank’s trade lines by 63.48% to an impressive US$230 million.
- This enabled other dependent departments such as Corporate Banking achieve impressive performance of 244% increase in transaction volumes during the period.
- Managed the relationship with all existing correspondents and new partners the company onboarded, leading to the successful reactivation of both RMA and dormant accounts with offshore counterparties.
- Reviewed the pricing of services and products offerings by Correspondent Banks and negotiated for favorable pricing that reduced the Bank’s pre- and post-neg rates by an average of 150bps; thus, reducing the Bank’s clients’ overall cost of funds and attracting more customers to the Bank due to the price sensitivity of these rates.
- Ensured 100% compliance with both internal and external regulations by preparing, completing, and managing all documents for new accounts openings/inquiries for all correspondent Banks. I recorded zero infractions in compliance during my role as Correspondent Banking Officer.
- Daily tracking report of FX utilization: reported to and engaged with the correspondent banking team to ensure NIL over aged FX utilization and reconciliation items, in line with Trade Services Standard Operating Procedures and CBN regulation.
- In a bid to achieve the overall departmental objectives, I requested for and was granted the opportunity to take up the responsibility of a trade services officer given the huge loophole created by understaffing. I accomplished this task flawlessly due to my prior experience in similar roles in my former organization, Polaris Bank.
- May 2023 – May 2024
- Department: TRADE SERVICES
- Job Function: CORRESPONDENT BANKING OFFICER
TRADE SERVICE OFFICER
POLARIS BANK LIMITED
08.2018 - 04.2023
- Prepared/reviewed drafts and issuance of documentary Letters of Credit, Standby Letters of Credit, Guarantees and Collection /requests ensuring that the terms are clearly understandable and compatible with the broad parameters of UCP.
- Reviewed, amended, and processed both incoming and outgoing documentary collections, in accordance with the Uniform Rules for Collections, Publication URC, UCP, URDG, etc.
- Composed and transmitted various required messages via SWIFT (i.e MT760, MT767, MT700, MT707, MT750, MT752, MT999, MT799, MT299, MT199, MT202, ETC.)
- Coordinated with correspondent banks on trade-related transactions, ensuring smooth and efficient processing.
- Provided clear and accurate drawing instructions to advising and reimbursing banks for documentary/standby credits and guarantees, ensuring compliance with all terms and conditions.
- Managed incoming queries and communications from internal and external clients, demonstrating in-depth knowledge of trade finance products to effectively identify and address customer needs.
- Compiled and analyzed bids for CBN Wholesale and Retail, providing business support to the team with updates on successful and unsuccessful submissions.
- Monitored, tracked, and recovered all funds transacted through forward discounting, ensuring accurate and timely reconciliation.
- Contributed to special projects within the department, managed filing systems, and performed various miscellaneous duties as assigned.
- August 2018 – April 2023
- Department: INTERNATIONAL OPERATIONS
- Job Function: TRADE SERVICE OFFICER
HUMAN RESOURCE OFFICER
CHI LIMITED
06.2017 - 05.2018
- Managed recruitment processes, including candidate sourcing, interviews, and selection.
- Efficiently initiated and processed new hire checklists, ensuring accurate and timely documentation of all employee profiles.
- Prepared and administered monthly appraisals, probation/confirmation letters, and other HR-related documentation under the guidance of the HR Manager.
- Compiled and maintained NHF passbooks, conducted inventory checks, and updated the company's database accordingly.
- Keeping weekly track of attendance and inconvenience allowances for production staff.
- Monitored key dates in the Human Resources department and coordinated the planning of departmental events.
- Performed general administrative duties, ensuring smooth office operations and supporting daily business activities.
- Provided assistance to the HR Manager with various projects and tasks as needed.
- June 2017 – May 2018 (NYSC)
- Department: HUMAN RESOURCES
- Job Function: HUMAN RESOURCE OFFICER
SALES REPRESENTATIVE
ONLY3K.COM
03.2016 - 06.2016
- Conducted daily inventory checks and updated records accordingly.
- Built, nurtured, and sustained strong business and customer relationships to support long-term success.
- Consistently achieved sales targets and outcomes within set timelines.
- Promptly addressed and resolved customer issues and complaints to ensure maximum satisfaction.
- Committed to continuous improvement by actively seeking and incorporating feedback.
- March 2016 – June 2016
- Department: CUSTOMER CARE
- Job Function: SALES REPRESENTATIVE
Education
B.A HONS. - INTERNATIONAL RELATIONS
E'COLE PROFESSIONNELLE SPECIALISEE-LA CITE UNIVERSITE
COTONOU01-2016
SECONDARY SCHOOL LEAVING CERTIFICATE - undefined
SSCE Western College
Yaba, Lagos01-2011
FIRST SCHOOL LEAVING CERTIFICATE -
OUR LADY OF APOSTLES PRIVATE SCHOOL
01-2005
Skills
Strong analytical, trading, and problem-solving skills with a proven ability to identify and execute profitable market opportunities
Foreign Exchange (FX) trading
Liquidity management
Structured products
Proficient in Bloomberg, eFEMS, Finacle Treasury Module, Microsoft Excel, and Microsoft Office Suite
Trade finance
Certification
ACI Dealing certificate
Interests
Adventure, Crafts
Timeline
FX DEALER
QUEST MERCHANT BANK
05.2024 - Current
CORRESPONDENT BANKING OFFICER
FBN QUEST MERCHANT BANK
05.2023 - 05.2024
TRADE SERVICE OFFICER
POLARIS BANK LIMITED
08.2018 - 04.2023
HUMAN RESOURCE OFFICER
CHI LIMITED
06.2017 - 05.2018
SALES REPRESENTATIVE
ONLY3K.COM
03.2016 - 06.2016
SECONDARY SCHOOL LEAVING CERTIFICATE - undefined
SSCE Western College
B.A HONS. - INTERNATIONAL RELATIONS
E'COLE PROFESSIONNELLE SPECIALISEE-LA CITE UNIVERSITE
FIRST SCHOOL LEAVING CERTIFICATE -
OUR LADY OF APOSTLES PRIVATE SCHOOL