July 4, 2022

Career Employment Opportunities at Citibank Nigeria Limited (CNL)

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).

We are recruiting to fill the positions below:

Job Title: Trade Service Professional

Job Req ID: 22466844
Location: Lagos, Nigeria
Time Type: Full time
Job Family Group: Operations – Transaction Services
Job Family: Transaction Capture Services

Overview

  • Acting as the functional heart of our business, Operations makes everything work on time and on target, in a world that demands lightning-fast transaction speeds, pinpoints execution accuracy and full visibility.
  • It ensures global transactions flow smoothly around the clock, wherever we do business.
  • Without it, the daily clearance, settlement and execution of a trillion dollars’ worth of trades and the weekly movement of tens of billions of dollars in dozens of world currencies would come to a complete standstill.

Responsibilities

  • The Trade Service Professional is an entry level position responsible for providing analytic and administrative support to traders, in coordination with the Transaction Capture team.
  • The overall objective of this role is to maintain position records and provide support with processes surrounding securities.
  • Provide support for Treasury and Trade services, Securities, Cash, Trade, Lockbox, Derivatives, Fund Services, Foreign Exchange, etc.
  • Open and amend Letters of Credit (L/Cs), process payments and solve customer issues to ensure efficient daily operations
  • Process evidence and entries of the day-to-day ledger, control and process investment fees, and custody and trust accounts
  • Execute transactions including cash transfers, maintain records, reconcile and review requirements for new products, and technologies
  • Conduct quality reviews and ensure that production systems publish the appropriate information
  • Ensure the timeliness and accuracy of customer reports, including regulatory / market requirements, new product presentations, etc.
  • Process various transaction services tasks related for respective products under general supervision and assist new team members
  • Assist with compliance of procedures and control activities as required
  • 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.

Education

  • First Degree in any disciplin

Qualifications:

  • 1 year of experience in a related role
  • Previous experience that provides a basic knowledge of the organization and its policies
  • Demonstrated ability to investigate issues and identify and solve problems
  • Ability to work under pressure and manage to deadlines
  • Ability to work in a fast-paced environment
  • Consistently demonstrates clear and concise written and verbal communication
  • Attention to detail and intermediate problem solving skills

Success Profile:

  • You’ll have strong communication, planning and organizational skills which will benefit you and the team.
  • Our teams need individuals who can research, process, and interpret large amounts of information everyday which will allow you to make ethical decisions with integrity
  • Analytical
  • Adaptable
  • Logical
  • Quick-thinking
  • Multi-tasker
  • Efficient

Method of Application
Interested and qualified candidates should:
Click here to apply online

 

 

 

Job Title: Structured Trade Lead

Job Req ID: 22487660
Location: Lagos, Nigeria
Time Type: Full time
Job Category Product Management and Development
Job Family Group: Product Management and Development
Job Family: Trade Structuring

Job Description

  • The role is a Revenue generating role responsible for origination, structuring, execution and on-going client management of Trade & Working Capital deals across SSA. It is critically required to support the future growth in revenues and development of solutions to client’s needs.
  • This will support the significant growth plans that SSA Trade & Working Capital has built into the Strategy plan.
  • The Structured Trade Head leads a small team directly, yet interacts with multiple teams through other managers and directly. In-depth understanding of how own sub-function (Trade Structuring) contributes to achieving the objectives of the function (Trade & Working Capital).
  • A good understanding of the industry, direct competitors’ products and services, is also necessary in order to contribute to the commercial objectives of the business.
  • Requires thorough understanding of the strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level.
  • External communication/negotiation is also necessary e.g. with clients, lawyers, vendors etc. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy.
  • Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses.
  • Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing/involved or responsible for diverse (cross-discipline) activities.

Responsibilities

  • The Structured Trade Head is responsible for overseeing the Trade Structuring Transactors, Analysts and Specialists within SSA, across all industry and client segments
  • There will be a small group of Full Time Equivalents managed within the group and the portfolio will be material to the overall Trade & Working Capital business
  • Responsible for setting the strategy for the team, managing the budget, driving origination, structuring and executing transactions across SSA
  • Responsible for coordinating up with the SSA Trade & Working Capital Head to set and manage the overall Pillar
  • Responsible for executing against his/her financial and risk framework and reporting on a monthly basis against their targeted goals and objectives
  • Designated as the first line of defense in regards to the governance and management of the Product, Credit Risk, Operational Risk and Compliance Risk for sub-function
  • Effective and timely coordination with the respective Coverage, Client Solutions, and Support functions within SSA
  • Represent CitiTTSTrade at the respective industry forums and councils for Trade Structuring matters or as requested
  • Proactively identify market conditions and trends that impact the Product Pillar or function, and provide timely, viable and manageable solutions to address as needed
  • Credit Structuring skills and risk assessment experience within the Trade Finance, Commodities, Asset Distribution, EAF Pillars and Trade & Working Capital Credit processes – Global Deal Review
  • Product knowledge of Trade Product set and the critical essential conditions as outlined in the Global Product Programs and Risk Acceptance Criteria
  • 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
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Education

  • Bachelor’s /  University Degree, Master’s degree preferred and managerial experience

Qualifications:

  • 15+ years of experience, including 8-10+ years’ managerial experience
  • Extensive Trade Product and Credit Risk Management and Principle experience
  • Knowledge of the Citi Infrastructure (or similar) processes in regards to Risk management and Operational processing within SSA
  • Exceptional organization skills
  • Tertiary level education.

Method of Application
Interested and qualified candidates should:
Click here to apply online

 

 

 

 

Job Title: Trade Service Processor

Job Req ID: 22466817
Location: Lagos, Nigeria
Time Type: Full time
Job Family Group: Operations – Transaction Services
Job Family: Transaction Capture Services

Overview

  • Acting as the functional heart of our business, Operations makes everything work on time and on target, in a world that demands lightning-fast transaction speeds, pinpoints execution accuracy and full visibility.
  • It ensures global transactions flow smoothly around the clock, wherever we do business.
  • Without it, the daily clearance, settlement and execution of a trillion dollars’ worth of trades and the weekly movement of tens of billions of dollars in dozens of world currencies would come to a complete standstill.

Responsibilities

  • The Trade Service Processor is an entry level position responsible for providing analytic and administrative support to traders, in coordination with the Transaction Capture team.
  • The overall objective of this role is to maintain position records and provide support with processes surrounding securities.
  • Provide support for Treasury and Trade services, Securities, Cash, Trade, Lockbox, Derivatives, Fund Services, Foreign Exchange, etc.
  • Open and amend Letters of Credit (L/Cs), process payments and solve customer issues to ensure efficient daily operations
  • Process evidence and entries of the day-to-day ledger, control and process investment fees, and custody and trust accounts
  • Execute transactions including cash transfers, maintain records, reconcile and review requirements for new products, and technologies
  • Conduct quality reviews and ensure that production systems publish the appropriate information
  • Ensure the timeliness and accuracy of customer reports, including regulatory / market requirements, new product presentations, etc.
  • Process various transaction services tasks related for respective products under general supervision and assist new team members
  • Assist with compliance of procedures and control activities as required
  • 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.

Education

  • First Degree in any discipline

Qualifications:

  • 1 year of experience in a related role
  • Previous experience that provides a basic knowledge of the organization and its policies
  • Demonstrated ability to investigate issues and identify and solve problems
  • Ability to work under pressure and manage to deadlines
  • Ability to work in a fast-paced environment
  • Consistently demonstrates clear and concise written and verbal communication
  • Attention to detail and intermediate problem solving skills.

Success Profile:

  • You’ll have strong communication, planning and organizational skills which will benefit you and the team.
  • Our teams need individuals who can research, process, and interpret large amounts of information everyday which will allow you to make ethical decisions with integrity
  • Analytical
  • Adaptable
  • Logical
  • Quick-thinking
  • Multi-tasker
  • Efficient

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Nigeria CFO and Country Controller (General Manager)

Job Req ID: 22497247
Location: Lagos, Nigeria
Time Type: Full time
Job Category: Finance
Job Family Group: Finance
Job Family: Finance Management

Job Background / Context

  • Accountable for management of complex / critical / large professional disciplinary areas.

Key Responsibilities

  • Accountable for all local financial and regulatory reporting within the country.
  • Supporting all US financial and regulatory reporting.
  • Contributes to the integrity and control of company’s financial books and records as well as the process by which these records are generated
  • Ensures a strong control framework which supports financial and regulatory reporting and a robust MCA process aligned to Regional guidelines.
  • Contribute to continuous strengthening of the independent controls and the control environment throughout the country to support the business in efforts to grow responsibly
  • Providing active support to the franchise CCO in the areas of strategy, cost control, reengineering, Balance Sheet structure as well as capital management
  • Permanent member of key groups and committees such as: Management Committee, ALCO, Business Risk & Control Committee, Regulatory Reporting Governance committee amongst others
  • Leading coordination efforts for the construction, consolidation, and subsequent following of the franchise’s various strategic and financial planning exercises
  • Providing active support and participation with respect to interaction with regulators and tax authorities
  • Responsible for the external statutory audit process
  • Ensure that all Internal/external audits are proactively managed, (preparation, planning, fieldwork and actions)
  • Ensures that the local legal entities are in full compliance with the Legal Entity Standards Policy and determine proper Finance oversight
  • Full management responsibility of a team of professionals, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.
  • Proactively manage the Citi Shared Services partners, working closely with Budapest Regulatory teams (Reg CSC) and the Finance and Risk Operations (FRO) to ensure timely accurate reporting process
  • Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of Cluster Controllers
  • Participate in Regional/Cluster Finance initiatives and rollouts
  • 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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
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Development Value:

  • Developing a detailed understanding of Citi Franchise in the Emerging Markets from both a financial and business perspective
  • Developing the skills to provide the organisation with the ability to allocate resources and execute plans
  • Play key role to enhance controls and safety & soundness of franchise, and process improvement (digitalization and innovation) in the context of the market and competitive and regulatory environment
  • Develop local and remote people management, negotiation and influencing skills
  • Significant interaction with EM Cluster Finance and the Business teams; will enhance network and personal effectiveness
  • Provides interaction opportunities with senior C Level Leadership at regional and global level.

Qualifications

  • Strong Financial Accounting background
  • With minimum post qualification experience of 15 years of which 12 years ideally be within the banking sector with 3 years as 2 years. as DGM/VP with experience in at least 3 three (3) major areas of banking operations
  • Chartered Accountant or equivalent.

Knowledge / Experience:

  • Extensive experience managing Finance function in functional or regional areas
  • Internally and externally recognized Finance subject matter expert who influences the way things are done, not only internally, but beyond the business itself.

Skills:

  • Required to think beyond the existing solutions, assumptions or current knowledge of sophisticated areas that ultimately affect the business
  • Requires thorough understanding of strategic direction of the function within the business, combined with a solid conceptual/practical grounding in both the function and/ or area of expertise
  • Excellent communication skills required in order to influence a wide range of audiences
  • Highly developed problem analysis and solution skills
  • Proven Relationship Manager, the ability to build and foster long-standing relationships amongst the senior leadership team, creating synergies and influencing change
  • Adaptable, the ability to work in an environment where priorities are frequently changing
  • Track record of success in delivering high quality work in a fast paced and dynamic environment.

Competencies:

  • Excellent interpersonal skills
  • Ambitious and willing to learn
  • Be a team player
  • Positive and pro-active attitude
  • Strong negotiation skills
  • Valuing Diversity, demonstrates an appreciation of a diverse workforce and the ability to identify cultural nuances
  • Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organizational success.

Method of Application
Interested and qualified candidates should:
Click here to apply online

 

 

 

 

Job Title: TTS Client Operations Head – Nigeria

Job Req ID: 22511513
Location: Lagos, Nigeria
Time Type: Full time
Job Family Group: Operations – Transaction Services
Job Family: Cash Management

Overview

  • Acting as the functional heart of our business, Operations makes everything work on time and on target, in a world that demands lightning-fast transaction speeds, pinpoints execution accuracy and full visibility.
  • It ensures global transactions flow smoothly around the clock, wherever we do business.
  • Without it, the daily clearance, settlement and execution of a trillion dollars’ worth of trades and the weekly movement of tens of billions of dollars in dozens of world currencies would come to a complete standstill.

Responsibilities
Job Purpose:

  • The position covers TTS Client Operations and will be responsible for leading & managing approx.100+ Staff.
  • The holder of this job will be a member of the MEA TTS CO Leadership Team, the Nigeria Franchise Management team and will interact with various business seniors at country, cluster and regional level.
  • The position will include oversight of all TTS Client operations in the Nigeria Franchise including processes outsourced to the hubs.
  • Leadership and Management of all functions within TTS CO.
  • Responsible for performance and development of all department/unit heads within Nigeria TTS CO, ensuring the focus on resource / capacity management, people development and team building to prepare successful pipelines for their functions/products.
  • Accountable for working with all department/unit heads, team leaders and employees in TTS CO areas as well as non-TTS CO areas to ensure successful Regulatory and Audit reviews within the Nigeria Franchise, ensuring full Compliance with local policies and regulations.
  • Maintaining close and successful interaction with local Regulators, Central Bank, Governments and Auditors
  • Develop, manage and sustain Operations and Service in the Nigeria Franchise aligned with the business objectives and strategies.
  • Maintain robust and complete oversight and ongoing monitoring of all core processes done in-country or that are outsourced or offshored.
  • Responsible for identifying issues and resolving them proactively, resolving escalations within Nigeria Franchise to ensure safety & soundness as well as high quality of services and client experience.
  • Driving expense budget and other financials and metrics for TTS CO to achieve strategic targets set
  • Will be responsible to develop and foster a robust, highly control focused environment. Will also be responsible for ensuring that full end to end knowledge of processes and overall impact to our clients is understood throughout the group, to enable a control and result focused outlook
  • Collaborate with peers and country management in designing and implementing programs to improve client satisfaction, operational efficiency and team effectiveness

Job Background / Context

  • Country TTS Client Operations is a function incorporating various sub functions viz. ASO, P&R, Service, Trade, Commercial Cards and DCS The population is approx.100 people with a direct expense budget of approximately $6MM and supporting an annual revenue base approx. $163MM.

The function provides the leadership to ensure that:

  • Nigeria Franchise and its leadership receives the support and partnership that is required to deliver its goals and strategies.
  • TTS CO in the Nigeria Franchise delivers effective, productive and safer services at a competitive cost and in a manner that is consistent with supervisory requirements, Citi’s policies and local regulations.
  • Global and regional strategies pertaining to TTS CO are implemented in the country.
  • Regulatory engagement / interactions in a complex environment which mandates for the TTS CO Head to be actively involved in all local regulatory relationships, risk management and internal controls to ensure compliance with all Regulatory requirements in the Country
  • Foster active engagement with clients and ensure quality service delivery / advocacy for overall positive client experience
  • Nigeria TTS CO works on an outsourced model and is primarily outsourced into different CSCs (like Poland, Hungary, Ireland, India) and other 3rd party service providers.
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Key Responsibilities

  • Effectively leading and managing all TTS CO functions/in-country coordination of Ops, Tech and any shared services.
  • Manage close working relationship with all Nigeria franchise business and product partners to provide direction from TTS CO perspective, to ensure adequate operational support across the franchise, in line with business strategy & objectives and with EMEA O&T goals.
  • Manage effective relationships with local market partners / institutions (e.g. Regulators, Governments, Cash Clearing house, Central Bank, Securities Clearing and settlement etc) and participate in professional forums (local Banks Associations), in TTS CO related strategic discussions and programs /projects implementation locally.
  • Accountable for delivering local Regulatory reporting and the Regulatory control matrix (RCM) including, identifying and implementing all changes to laws/new regulatory requirements related to business area and that the branches are run within legal and regulatory guidelines, including internal policies and procedures.
  • Support the delivery of high quality customer service through efficient processes and platforms that are reflected in high client satisfaction.Drive the digitization & Client empowerment agenda
  • Accountable for the delivery of TTS CO initiatives /projects and active contribution to business driven projects.
  • Ensuring that both local and outsourced processes are well controlled, ensuring safety and soundness of the country operations in partnership with regional teams, EMEA CSCs and service providers. Coordinate outsourced / offshored services from a control, quality and cost perspective in line with Outsourcing Governance Policy & Regulatory requirements.
  • Maintain a strong control and compliance environment, focus to reduce operational risk; management of the O&T GRC; satisfactory audit ratings and contribution to successful audits for franchise and partner businesses; identification and addressing TTS CO issues timely and completely through CAPs.
  • Active participation in Country governance committees, where relevant and applicable, such as (but not limited to) BRCC, Third Party, CCC and proactively escalate any potential franchise issues.
  • Managing Production Support oversight to a high standard.
  • Train and develop the team to build a team of high morale, ethics and professionalism; focus on talent development and retention, engagement, diversity, proper capacity in line with business needs; create a working environment of meritocracy and team spirit that can be measured through VOE results. Ensure effective management and coordinate TTS CO to meet business needs and capacity requirements
  • Leading and guiding the efforts of team in the country in exploring and developing key best practice themes within TTS CO such as straight-through-processing, outsourcing, leveraging organizational resources within and outside TTS CO to drive and implement those themes.
  • Accountable for minimising operating losses & Potential Loss events through proactive issue identification and mitigation.
  • Actively review financials, support country financial and resource goals and actively deliver on TTS CO expenses and FTE within budget.
  • Define an effective Crisis Management and ensure that the COB plan is timely maintained and tested
  • Accountable for addressing and resolving escalations from the market in Nigeria
  • Development of the succession planning for their successor and their two downs.
  • Responsible for cascading of communications from regional and Country franchise heads to the TTS CO team making sure there is awareness and countries are well informed. Also supporting escalating needs of the countries to regional partners
  • Maintain extensive accountability from a legal vehicle and country TTS CO perspective
  • Work closely with Regional & Cluster leads to ensure alignment of both local and regional strategies for both businesses and functions.
  • Responsible for alignment and local execution of Global / Regional initiatives
  • Create and lead a metric driven Client Operations unit

Development Value:

  • With primary responsibility for oversight of Nigeria TTS CO fields, other support services and hub-like activities, the job provides a significant potential to gain & improve people management, team building, strategic thinking, problem solving skills as well as in-depth knowledge of products/processes, technology, support services, widen managerial breadth and interface with the senior management of the franchise, MEA Cluster and EMEA TTS CO regional level.
  • It will also give an opportunity to closely interact with senior management in a challenging environment as well as develop interpersonal and managerial skills.

Qualifications

  • Minimum of 1st Degree or equivalent in any discipline plus a relevant Higher Degree or professional qualification.
  • Minimum of 15 years post graduation; minimum of 12-years banking experience + 2 yrs.as Deputy General Manager (Vice President) with experience in at least three (3) areas of banking operations.
  • A Minimum of 8/10 years in O&T / Operations & Service

Knowledge / Experience:

  • In-depth knowledge of operations policies and procedures
  • Experience in Country TTS CO function roles or in a similar scale role.
  • Superior skills to continually measure, enhance and optimize operations related functions
  • Ability to fully comprehend and impact the ‘full picture’ along with other key players in other functional areas and Country Franchise
  • Very good knowledge of core Citi Systems
  • Excellent knowledge of internal Compliance requirements and MCA/GRC process
  • Experience in budget management
  • Knowledge of Continuity of Business process

Skills:

  • Excellent people management and leadership skills to manage diverse teams
  • Negotiation and strong influencing
  • Excellent interpersonal and communication skills
  • Analytic thinking and problem solving
  • Coaching and training
  • Teamwork and ability to motivate
  • Strong Risk & Control awareness and knowledge of control practices
  • Fluency in spoken and written English)

Success Profile:

  • You’ll have strong communication, planning and organizational skills which will benefit you and the team.
  • Our teams need individuals who can research, process, and interpret large amounts of information everyday which will allow you to make ethical decisions with integrity.

Method of Application
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.

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