Company Info
Large organization
200 + Employees
Citibank Nigeria Limited (CNL) was incorporated in Nigeria on May 2, 1984 and the oldest international bank in the country.
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.
1). Legal Entity and Capital Planning Manager
Job Req ID: 24815537
Location: Lagos, Nigeria
Job type: Hybrid
Job Category: Finance
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.
Academic Qualifications / 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.
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.
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.
Core Competencies:
- Good Accounting skills
- Financial Modelling and analytical skills.
Application Closing Date
Not Specified
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2). Chief Financial Officer and Controller – Nigeria and West & Central Africa
Job Req ID: 24812700
Location: Lagos, Nigeria
Job type: On-Site/Resident
Job Category: Finance
Job Background / Context
- The Country Finance Officer and Controller is responsible for all aspects of Finance in Nigeria as well as the countries in West and Central Africa (WCA) (Cameroon, Congo, Gabon, Ivory Coast and Senegal) : driving legal entity performance, ensuring all Financial control processes are in place, delivering accurate, complete/timely local financial, statutory and regulatory reporting as per the applicable local rules and local / IFRS accounting standards with sound controls, as well as developing Finance talent and bench strength for the country.
Job Purpose
- Managing all Finance activities and local reporting for the Nigeria and managing the Country Finance teams of WCA.
Key Responsibilities
- Closely monitoring legal entity economic conditions and financial performance, including a comprehensive review of the legal entity’s balance sheet and profit and loss (P&L), identifying, and assessing key financial and strategic issues and ensuring proper checks and controls are in place
- Managing legal entity’s finance requirements including regulatory reporting obligations, liquidity and capital levels and relevant ratios/limits and other key financial indicators
- Ensure compliance with any local capital requirements and ensuring that relevant Asset and Liability Committees are informed of all capital requirements
- Support Finance activities required for Local Regulatory Processes such as local ICAAP, resolution and recovery plans, and capital stress testing, if required
- Actively participate in Country Franchise governance committees and board meetings at legal entity level
- Be a strategic partner with the businesses, supporting any new business launch, new product introductions, and providing value added financial expertise on franchise related issues including advice on accounting implications
- 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 local 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 (in coordination with Compliance and Risk)
- Responsible for managing engagement with local regulatory bodies and providing clear/consistent regulatory messaging of country’s narratives with a focus on core activities such as regulatory exam management, supervisory meetings and information requests and responses to supervisory letters
- Follow common standards, procedures and governance processes to create consistent and best-in-class regulatory relations and communications protocols, and analyze and report regulatory engagements to identify, monitor, and escalate regulatory themes, trends and risks
- Collaborate with external and internal auditors to maintain integrity of financial, statutory, and regulatory reports, ensure compliance with local laws and regulations, help accomplish objectives by bringing a systematic approach to evaluate and improve effectiveness of risk management, control and governance processes
Development Value:
- Coordinating and managing the Finance function in Nigeria and WCA
- Exposure to country and cluster management for Nigeria, Sub-Sahara Africa and Middle East and Africa respectively, as well as Banking &International Finance leadership
- Participating in senior management committees and in decision making process to manage country franchise when necessary.
Qualifications
- With minimum post qualification experience of 15 years of which 12 years ideally be within the banking sector with 2 years as DGM/VP with experience in at least 3 three (3) major areas of banking operations or presently on GM grade.
- Chartered Accountant or equivalent
- Strong financial accounting background
Knowledge / Experience:
- Minimum 15 years post- qualification experience working for an internationally reputed bank’s Finance Department
- Strong knowledge of banking products and businesses for the entire bank
- Strong knowledge or risk and controls
- Knowledge of bank’s systems, e.g. Flexcube, Smart, etc. Skills:
Skills:
- Good accounting technical skills
- Strong leadership skills to manage the Country CFO/Controls and Nigeria Country finance teams remotely
- Financial modelling and analytical skills Qualifications:
Competencies:
- Strong interpersonal and communications skills (English or Arabic)
- Ability to manage and motivate a team of finance professionals
- Good teamwork and project management skills
- Ability to influence
- This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Application Closing Date
Not Specified.
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3). Country Finance Officer and Controller
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Job Req ID: 24812700
Location: Lagos, Nigeria
Job type: On-Site/Resident
Job Category: Finance
Job Background / Context
- The Country Finance Officer and Controller is responsible for all aspects of Finance in Nigeria as well as the countries in West and Central Africa (WCA) (Cameroon, Congo, Gabon, Ivory Coast and Senegal).
- Driving legal entity performance, ensuring all Financial control processes are in place, delivering accurate, complete/timely local financial, statutory and regulatory reporting as per the applicable local rules and local / IFRS accounting standards with sound controls, as well as developing Finance talent and bench strength for the country.
Job Purpose
- Managing all Finance activities and local reporting for the Nigeria and managing the Country Finance teams of WCA.
Key Responsibilities
- Closely monitoring legal entity economic conditions and financial performance, including a comprehensive review of the legal entity’s balance sheet and profit and loss (P&L), identifying, and assessing key financial and strategic issues and ensuring proper checks and controls are in place
- Managing legal entity’s finance requirements including regulatory reporting obligations, liquidity and capital levels and relevant ratios/limits and other key financial indicators
- Ensure compliance with any local capital requirements and ensuring that relevant Asset and Liability Committees are informed of all capital requirements
- Support Finance activities required for Local Regulatory Processes such as local ICAAP, resolution and recovery plans, and capital stress testing, if required
- Actively participate in Country Franchise governance committees and board meetings at legal entity level
- Be a strategic partner with the businesses, supporting any new business launch, new product introductions, and providing value added financial expertise on franchise related issues including advice on accounting implications
- 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 local 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 (in coordination with Compliance and Risk)
- Responsible for managing engagement with local regulatory bodies and providing clear/consistent regulatory messaging of country’s narratives with a focus on core activities such as regulatory exam management, supervisory meetings and information requests and responses to supervisory letters
- Follow common standards, procedures and governance processes to create consistent and best-in-class regulatory relations and communications protocols, and analyze and report regulatory engagements to identify, monitor, and escalate regulatory themes, trends and risks
- Collaborate with external and internal auditors to maintain integrity of financial, statutory, and regulatory reports, ensure compliance with local laws and regulations, help accomplish objectives by bringing a systematic approach to evaluate and improve effectiveness of risk management, control and governance processes
Development Value:
- Coordinating and managing the Finance function in Nigeria and WCA
- Exposure to country and cluster management for Nigeria, Sub-Sahara Africa and Middle East and Africa respectively, as well as Banking &International Finance leadership
- Participating in senior management committees and in decision making process to manage country franchise when necessary.
Requirements
Qualifications:
- Candidates must be a Chartered Accountant or equivalent
Knowledge/Experience:
- Minimum 15 years post- qualification experience working for an internationally reputed bank’s Finance Department
- Strong knowledge of banking products and businesses for the entire bank
- Strong knowledge or risk and controls
- Knowledge of bank’s systems, e.g. Flexcube, Smart, etc. Skills:
Skills:
- Good accounting technical skills
- Strong leadership skills to manage the Country CFO/Controls and Nigeria Country finance teams remotely
- Financial modelling and analytical skills Qualifications:
Competencies:
- Strong interpersonal and communications skills (English or Arabic)
- Ability to manage and motivate a team of finance professionals
- Good teamwork and project management skills
- Ability to influence.
Application Closing Date
Not Specified.
How to Apply: Interested and qualified candidates should use the links below to apply: