Job Purpose:


Provide support to the Citi Country Finance Officer (CFO) to protect the Franchise and to ensure Citi is appropriately managing Finance related risks as it affects the business activities in the country.
Oversee the management and audit of Internal Capital Adequacy Process (ICAAP) and ensure that ICAAP is embedded within the Bank’s capital planning
Proactively identify and... resolve country finance issues, supporting the financial reporting, control and management of legal vehicles in compliance with legal and regulatory requirements.
Administer and support the Funds Transfer Pricing policy of the Bank and provide partnership / support to the businesses.


Key Responsibilities:


Ensuring that accounting complies with Corporate and local generally accepted accounting principles and regulatory accounting guidelines
Responsible for the preparation of the annual Internal Capital Adequacy Process (ICAAP) and handling all queries related to ICAAP as it pertains to capital planning and management
Ensuring internal controls are in place and operating effectively.
Ensuring that appropriate statutory audits and examinations are conducted.
Ensuring that the tracking of corrective actions for internal, management Risk and Management Control Assessments (“MCA”) and external audits are diligently performed.
Involvement with major issues in the various businesses that could give rise to the regulatory concerns or franchise risks.
Advice the CFO and senior management of the financial and regulatory ramifications of any ethical and business practice concerns that arise within the country.
Responding to internal and external inquiries (including regulatory inquiries) in coordination with Citi corporate offices.
Lead or participate in any crisis management investigations that may have financial implications.
Establish and maintain appropriate documentation/controls to ensure the integrity of financial, regulatory and management information.
Create effective control environment to ensure adherence with all internal and external policies and procedures.  Coordinate audits and internal reviews. Establish a process to ensure all necessary reporting functions are operating effectively and efficiently.


Business Relationships:


Interact with the various business units within the Bank including coverage teams, products and Risk.
Ensure that the control environment remains safe and sound by liaising with Operational Risk Management (ORM), Compliance and the Regulatory Reporting Governance Committee (RRGC).
Act as regulatory liaison by proactively dealing with the requirements of the Central Bank of Nigeria and other regulators.
Responsible for oversight over taxes that are applicable to the Bank.


Knowledge:


Analytical and Financial Skills: applicant must have understanding of the Firm's financials, balance sheet and income statement with ICG Product knowledge, ability to discern key drivers and risk/opportunities.
Communication skills: will be interacting with the senior management in the franchise, 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
Experience in Citi reporting processes or Product processing group will be an added advantage.
Good knowledge of banking products and business
Knowledge of bank’s systems, e.g. Flexcube, Smart, Pearl, etc


Skills:


Strong interpersonal and communications skills
Ability to manage and motivate a team of finance professionals.
Good teamwork and project management skills.
Proficiency in Excel, Power point and word office software.


Academic Qualification / Other Requirements


Minimum of First Degree or equivalent in any discipline plus a relevant higher degree
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 must be in Banking
3 Years as Senior Manager or equivalent level with experience in at least three (3) major areas of banking operations.


Core Competencies:


Good Accounting skills
Financial Modelling and analytical skills more

Job Purpose:

The MEA Banking and International Business Execution team reports to the MEA Cluster and Banking Head, and matrix reports to the COO of Banking and International. The BE team in MEA is responsible for the execution of business-critical initiatives and programs, enabling business growth by coordinating client focused initiatives, Legal Entity management, Legal Entity Controls, and... Transformation execution.
The Business Execution (BE) Lead in Nigeria is responsible for supporting the CCO and Banking Head with the growth and client strategy of the franchise, Legal Entity management through an efficient and streamlined governance model, enhancing the Controls environment, promoting a culture of proactive controls, and leading the transformation execution.

Key Responsibilities:

Client Focus and Business Growth:

Lead client-focused strategic initiatives on behalf of the CCO and Banking Head to enable business growth.
Work in partnership with other members of the country leadership team and the CCO and Banking Head to identify and lead business initiatives that enable business growth. These will include People and Talent, Client Experience and other strategic initiatives.
Ensure strategic programs and initiatives in the country and Legal Entity are managed in the most effective manner, are reported to the appropriate forums and are successfully delivered.

Legal Entity Management:

Support CCO and Banking Head in implementing and running a streamlined and effective Legal Entity governance model, including the Nigeria Board.
Ensure that Legal Entity governance model adheres to local laws and requirements and is in line with Citi’s policies.
Support the CCO and Banking Head in monitoring the performance of the franchise against the defined and agreed Scorecard. Drive accountability within the franchise to deliver against set targets.
Enable effective connectivity of the Legal Entity governance to the MEA cluster governance by escalating any material items in a timely manner.
Promote connectivity with the country and Legal entity by partnering with the businesses and functions in the most effective manner.
Coordinate Regulatory matters for the Legal Entity, ensuring that all regulatory related activity (changes, engagement, advocacy) has an owner and drive accountability to achieve the desired outcome.
Coordinate business reviews of the franchise, the annual planning cycle and expense management.
Participate and/or coordinate implementation of assigned initiatives within the Transformation programs.

Risk and Controls:

Support the CCO and Banking Head to promote a culture of proactive controls, and drive accountability.
Ensure the Legal Entity governance effectively addresses all risk stripes (Financial and non-Financial risk) in line with Citi’s policies and standards, and local requirements.
Ensure proactive and effective use of MCA to test and enhance the control environment of the Legal Entity.
Ensure Issue Management best practices are adopted to identify, own and manage issues in the country and Legal Entity.
Coordinate escalations of any potential Issue re-targets, re-opens, and target dates at risk to secure timely support for remediation efforts.
Ensure effective management of Operational Risk controls, issues, remediation efforts and controls enhancements. This includes Third Party Management and Data Governance matters.
Ensure effective management of Compliance Risk controls, issues, remediation efforts and controls enhancements, including AML, Sanctions.
Ensure effective management of Financial Risks, including oversight of ICAAP process on behalf of the CCO and Banking Head.
Audit Management and independent review coordination in conjunction with ICRM

Development Value:

This is a key role in a diversified franchise, with a wide scope and regular interaction with senior management.
It is a strategic role that offers exposure and the opportunity to develop an in-depth knowledge about and hands-on experience with how a Citi franchise plans and executes the business strategy and manages the Legal Entity to serve our clients and grow our business.

Qualifications:

General Manager (SVP)
Min. 1st Degree or equivalent in any discipline plus a relevant higher degree or professional qualification
Minimum 15 Years of Post-Graduation Work Experience
Minimum 12 Years of Experience in Banking
2 yrs. as DGM/VP with experience in at least 3 three (3) major areas of banking operations.
Citi-specific knowledge is a plus.
Well versed in risk management and corporate governance concepts. Experience in running effective governance a plus.
General understanding of financial institutions framework and applicable regulation.

Skills & Competencies:

Business minded, client focused, and commercially savvy.
Execution focused with a positive and winning mindset.
Strong organizational and program management skills. Highly organized and able to handle complex deliverables independently. Ability to prioritize and drive results while maintaining attention to detail and quality of output.
Proactive controls minded; experience in leading cultural change and driving accountability. Well versed in banking compliance and regulatory matters.
Excellent communication and presentation skills. Ability to produce succinct and effective communication and presentation material. Attention to detail. A proactive and 'no surprises' approach in communicating issues and escalating matters.
Highly collaborative and solutions oriented. Strong critical thinking and problem-solving skills, including the ability to analyse operational and financial impact of initiatives and drive risk mitigation, while providing effective challenge to the businesses and functions.
Excellent interpersonal skills. Ability to build and maintain professional working relationships across geographies and corporate functions. Ability to manage through influence (e.g. in the absence of reporting lines or matrix reporting). Effective negotiation skills more

Job Req ID: 23671650
Job Background / Context

The Global Subsidiaries Group serves a select number of the world’s leading multinational companies.
Our bankers are relationship managers who build and grow our long-term relationship with these clients. They orchestrate the delivery of Citi's vast global product platform and develop integrated financing strategies, by acting as a primary point... of contact with the clients, and by working closely with Citi’s Banking, Capital Markets & Advisory, Risk, Compliance, Treasury & Trade Services and Markets & Securities Services divisions.
This is a Relationship Management role within the Global Subsidiaries Group (GSG) with responsibility for managing Citibank’s relationship in the GSG team
The candidate would cover corporate clients across different industries, becoming an integral part of the Global Subsidiaries Group team and responsible for business development in assigned markets, industries and geographical locations within Nigeria.

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.

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 RMs 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 Delivery 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, e-mails)
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

Development Value:

Opportunity to work in a large and complex organization with a demanding customer base and in a challenging and changing business environment.
Exposure to an open and multicultural working environment.
Exposure to the full Citi scope of products used by our corporate clients and opportunity to develop a sound knowledge of Citi's core product range (Loans, FX, Cash and Trade, etc.).
Opportunity to develop a thorough understanding of the extensive business Citi does with our corporate clients

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:

15 years post-graduation experience out of which at least 10 years must have been in the banking industry
Experience in at least three major areas of banking.
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. more