Job Vacancies at Citibank Nigeria Limited (CNL)

Job Vacancies at Citibank Nigeria Limited (CNL) – 4 Positions

by Editorial Staff

Lagos, Nigeria Posted 3 years ago Posted on Accounting / Audit / Finance, Analyst/ Quality Control, Banking / Finance / Insurance, Customer Service, Sales / Business Development

Citibank Nigeria Limited (CNL) is recruiting to fill the following positions:

1.) Reconciliation Senior Analyst
2.) Country Tax Manager
3.) Relationship Manager
4.) Sub-Saharan Africa Trade Head - MD

Citibank Nigeria Limited (CNL) was incorporated in Nigeria on May 2, 1984 and the oldest international bank in the country. It provides a wide range of financial products and services to corporate and commercial customers, financial institutions and public sector organizations. It offers deposit and loan products, global transaction services, cash management, sales and trading, corporate finance and investment banking products.

The company was formerly known as Nigeria International Bank Ltd and changed its name to Citibank Nigeria in 2008. Today it employs about 300 people and operates 12 branches in Lagos, Abuja, Port Harcourt, Warri, Kano, Bonny, Aba, Lanlate and Ososa. As at December 31, 2016, it had over NGN 600 billion in total assets. Citibank Nigeria is owned by Citibank Overseas Investment Corporation, a subsidiary of Citibank N.A. (USA).

See job details and how to apply below.

1.) Reconciliation Senior Analyst

Job Req ID: 21324085
Location: Lagos, Nigeria
Job Category: Risk Management
Job Family Group: Risk Management
Job Family: Operational Risk

Job Description

The Operational Risk Sr Analyst is a seasoned professional role.
Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function.
Integrates subject matter and industry expertise within a defined area.
Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business.
Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information.
Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources.
Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams.
Involved in coaching and training of new recruits Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in the area of specialization.
Work and performance of all teams in the area are directly affected by the performance of the individual.

Responsibilities

Participates in the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
Contributes to risk assessments and drives actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
Provides governance and oversight may include (not limited to) technology operational risk, risk for example.
Evaluates the control environment by ensuring appropriate controls are in place.
Coordinates audits, examinations, and deliverable requirements from internal and external reviewers by supporting coordinating activities.
Ensures project completion, special assignments, and other ad hoc activities as required.
Ensures the Operations Team is in compliance with all regulatory policies and procedures.
Additional duties as assigned
Has the ability to operate with a limited level of direct supervision.
Can exercise independence of judgement and autonomy.
Acts as SME to senior stakeholders and /or other team members.
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Requirements
Qualifications:

5-8 years relevant experience
Excellent verbal and written communication skills
Customer-focused with excellent Interpersonal skills and the ability to work well in a team environment collaborating across diverse groups
Demonstrated understanding of operational risk and gap identification
Ability to multi-task and manage multiple projects simultaneously
Ability to present a compelling case to influence others where appropriate
SCRA regulatory policies and procedures knowledge

Education:

Bachelor's / University Degree or equivalent experience.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Note

Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

2.) Country Tax Manager

Job Req ID: 21334084
Location: Lagos, Nigeria
Job Category: Finance
Job Family Group: Finance
Job Family: Tax

Job Purpose

Provide support to the Citi Country Finance Officer (CFO) to protect the Franchise and to ensure Citi is appropriately managing Tax related risks as it affects the business activities in the country.
Proactively identify and resolve country tax issues, supporting the financial reporting, control and management of legal vehicles in compliance with legal, tax and regulatory requirements.

Key Responsibilities
The Tax manager will coordinate, review, monitor or plan for each of the following:

Oversight and management of all direct and indirect tax processes
Management of external tax consultants and Citi’s local relationship with the Revenue Authorities
Management and escalation of tax audits, investigations and tax litigations etc.
Review of Local tax law changes and implications (and inform senior management appropriately)
Management of all corporate tax requirements
WHT offshore payments relating to profit remittance
Managing tax governance, risks and controls and related controls
Income tax accruals, Contingent tax reserves and Effective Tax Rate management
Review and Assessment/notice orders negotiations
Intercompany ICSAs review and sign-off including APS reconciliations
Transfer pricing documentations and reconciliations
Tax balance sheet accounts including deferred tax assets, FIN 48 reserves etc.

Business Relationships:

Responsible for oversight over taxes that are applicable to the Bank.
Ensure that the control environment remains safe and sound by liaising with Operational Risk Management (ORM), Compliance, Legal and the Regulatory Reporting Governance Committee (RRGC).
Act as regulatory liaison by proactively dealing with the requirements of the Central Bank of Nigeria, Tax Authorities and regulators.

Person Specification
Academic Qualification / Other Requirements:

Minimum of a First Degree or equivalent in any discipline
Possession of ACA, ACCA, CFA or other relevant professional qualification or relevant higher degree required
Minimum of 15 years post-graduation experience, of which 10 years ideally be within the banking sector with 3 years as SM with experience in at least three (3) major areas of banking operations.

Knowledge:

Analytical and Financial Skills: applicant must acquire an understanding of the Firm's financials, balance sheet and income statement with ICG Institutional Client Group, ability to discern key drivers and risk/opportunities.
Communication skills: will be interacting with senior management within Citi, on a variety of internally driven and function driven deliverables.
Teamwork/Relationship Management: the position requires extensive teamwork, partnership and collaboration across Finance and other functions
Working knowledge of banking products and business.

Skills:

Strong interpersonal and communications skills
Good teamwork and project management skills.
Proficiency in Excel, Power point and word office software.

Core Competencies:

Good Accounting and tax skills
Financial Modeling and analytical skills.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

3.) Relationship Manager

Job Req ID: 21328927
Location: Lagos, Nigeria
Job Category: Institutional Sales
Job Family Group: Institutional Sales
Job Family: Investor Sales

Job Purpose

The principal purpose of the position is to facilitate a focused and orderly interface between GSG’s customers, all the product and service groups in order to maximize revenues from customer relationships.

The major objectives of the position are:

Managing Citibank relationships in the GSG team
Responsible for business development in assigned markets/industries/geographical locations within Nigeria.
Ensure that the unit revenue goals are met
The impact this position has on the bank is to contribute to ensuring that the franchise remains the leading bank for key sectors of the economy under Citi’s target market.

Key Responsibilities

Develop and implement continuous (independent and joint) calling programs and interactions/discussions with assigned accounts and on prospective clients to create a continuous flow of incremental business opportunities.
To deliver client revenue growth in line with assigned goals.
Communicate frequently with and leverage the regional and global GSG Relationship Management network of senior managers and RM's and other global and regional partners both to win and retain business and also to effectively fulfil regional and global Relationship Management initiatives and directives.
Credit process initiation, including proposal preparation, loan administration and remedial action as required, working in partnership with the Parent Account Relationship Management Team, Regional Account Management Teams, Control Units and relevant Citi network partners.
Prepare quarterly credit call memo for all assigned relationships.
Negotiation of loan/credit terms and conditions, pricing determination for various products, closing of transactions and follow up after sales.
Understand the bank's credit culture, adhere to credit policies and guidelines, and document and justify exceptions, where appropriate.
Responsible jointly with Risk/analyst for initial, annual and interim credit review of all assigned relationships credit.
Ensure the consistent, professional delivery of client management disciplines including: KYC/AML, account plans, call reporting, lead generation, CRM Usage - pipeline management, oversight for implementation rollout, and relationship reviews.
Strategizing with Product and Client Deliver partners on information learned from clients in order to help drive product enhancement, innovation and client satisfaction
Creating robust client account plans
Ensuring effective communication across the regional and global RM team (e.g. call reports, CRM, emails)
Managing sales process from idea generation to mandate
Putting together working groups and driving the deal process
Driving client communications including RFP responses and pitch books
Lead and Work closely with Citi service in providing account management and customer service to key customers.
Responsible for achieving revenue goals from assigned relationships in the most cost effective manner.
Provide ongoing market insights to clients, from Citi's rich repertoire.
Maintain asset quality to avoid delinquent or impaired asset portfolio

Business Relationships
Internal:

Frequently interact with Citi service and O&T in general and Parent Account Management teams of assigned relationship
Frequently interact with TTS to achieve high credit cross sell ratio by actively selling cash management and trade products.
Frequently interact with Risk and CRMS to maintain acceptable credit quality of assigned relationship.
Frequently interact with Fixed Income, Corporate Finance, EAF and other product units to generate structured customer solutions and incremental risk assets.

External:

Frequently interact with relevant customers and TM prospects to generate incremental business for the bank.
Keep abreast of regulatory / market changes and its impact on the business.

Person Specification
Qualifications:

A B.Sc / BA Degree.
A postgraduate degree and relevant professional qualifications will be an added advantage.

Skills & Experience:

Minimum of 8 years post qualification experience
Credit and financial analysis experience
Customer management and negotiation skills
Ability to recognize and exploit business opportunities
Strong Analytical skills
Must be pro-active, with attention to detail and timeliness in delivery of work output
Information resourcefulness
Strong verbal and written communication skills

Thinking Complexities:

Understanding the impact of constant regulatory changes on customers businesses and in converting them to business opportunities
Ability to optimally coordinate the activities of the different units within the bank in order to deliver good quality service to the customer.
Designing strategies and products to enable Citibank stay ahead of competition
Ability to convince customers to adhere to high compliance/ethical standards of Citibank for transaction processing in a compliant environment.
Problem loan recognition capability

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

4.) Sub-Saharan Africa Trade Head - MD

Job Req ID: 21301929
Location: Lagos
Time Type: Full time
Job Category: Product Management and Development
Job Family: Product Performance Management
Job Family Group: Product Management and Development

Job Description

SSA is projected to emerge from a tough economic recession triggered by the pandemic in the latter part of 2021, with recovery projections at 3.4%p.a. in part from the recovery of global and other trade corridors and resulting demand.
Citi in SSA covers 1500 GSG, 800 Banking and FI names. 70% of revenues are attributable to our LC confirmation activities, predominantly the FI book. Citi has an estimated 9% revenue share on trade services in SSA (based on 2018 SWIFT data).
There is a clear opportunity to grow our vanilla and structured trade finance offerings, deepen share in corporate space, and address clients by embracing digitalization and innovation for new trade products developments, and reposition the business for further growth in 2022 and beyond.
We are looking for an ambitious leader who can lead the next wave of growth in SSA trade, by driving transformation, change and innovation.

The individual will energize the team and collaborate with partners to achieve the following broad objectives:

Deepen acquisition of overall corporate client opportunity to reduce dependence on historical FI revenue leadership
Deepen effectiveness & use of trade finance offering in SSA for corporates in particular, by driving a cohesive asset and product strategy to match our deposit-side optimization aspirations
Expand our product innovation capability to address the rapid use of technology to digitize client routes to consumer, and the rapid ecosystem development we see driven by the public sector particularly around logistics, ports and other strategic infrastructures that drive trade
Work with Credit Risk, Banking and other partners to expand the use of risk defeasance programs and deploy structured financing where warranted to take on more complex transactions.
Attract/retain/reposition the talent bench with the skills that can achieve these goals over the next three years

Key Responsibilities

Meeting the financial goals as agreed with TTS/Trade management. This includes delivering revenue plan, monitoring all types of expenses, maximizing efficiency of capital usage, minimizing cost of credit and maximizing net income.
Working closely with the EMEA Trade head and teams to ensure SSA is well catered for in terms of product strategy.
Developing good working relationships with ICG client coverage and risk seniors and industry specialists responsible for Citi’s clients. This would include region and country management i.e. CCO, Banking Heads, Independent Risk etc.
Ensure SSA at forefront of new product development and key initiatives as set by the business
Coaching and mentoring reports (direct/ matrix) and ensuring entire trade team undertake appropriate annual training
Work to maximize performance through driving discipline around trade scorecard targets, product knowledge training , trade risk management processes
Implement reorganization/ right placement of trade resources to align with the overall trade transformation program underway.
Providing support and direction into “winning” the most complex and profitable transactions
Together with the countries and risk regularly review the credit quality of the trade portfolio to minimize cost of credit. Ensure team prioritizes credit training.
Foster a strong “one team” mentality across the various trade product & sales teams seeking to maximize collaboration, cross-sell & team spirit in SSA and tighten connectivity and collaboration with the EMEA hub
Strong partnership with the Trade Operations Teams constantly seeking ways to improve trade efficiency, turnaround times and ensuring we minimize operational losses/errors
Strong partnership with Trade risk distribution to help trade effectively manage it’s balance sheet, individual credit exposures and increase skim revenues
As the SSA Trade Head be visible in representing the business at key trade conferences (chairperson/speaker) and getting the team seniors regular opportunities for appropriate visibility

Development Value:

Part of the cluster TTS and the Regional Trade management team responsible for delivering against aggressive growth targets
Experience gained of managing a broad and complex set of trade products
Experience gained from managing a large and geographically/culturally diversified team
Managing a large P&L business
Broad regional business exposure
As part of a cluster/regional management team structure, great positioning as potential successor to senior roles at the cluster or regional level

Qualifications

Masters Degree preferred
Extensive trade experience in global or Emerging market settings with complexity
Proven track-record of team, people and business management skills
Strong credit skills and experience including broad knowledge of Citigroup credit processes
Broad client management experience

Skills:

Excellent communication and written skills
Superior organisational skills
Superior strategic and analytical skills
Superior client management & deal negotiation skills
Ability to interact at all levels of senior management

Competencies:

Exceptional organization and process management ability.
Excellent talent manager, with ability to attract and retain top talent
Proven team player with ability to motivate and influence at senior leadership levels
Superior interpretive and problem solving skills.
Ability to operate in a complex matrix environment

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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