Company Info
Large organization
200 + Employees
Citibank Nigeria Limited (CNL) was established in Nigeria on May 2, 1984, and is the country's oldest international bank. It offers a diverse range of financial goods and services to corporate and commercial clients, financial institutions, and public-sector organisations. It provides deposit and credit products, global transaction services, cash management, sales and trading, corporate finance, and investment banking services.
Citibank Nigeria Limited (CNL) was established in Nigeria on May 2, 1984, and is the country’s oldest international bank. It offers a diverse range of financial goods and services to corporate and commercial clients, financial institutions, and public-sector organisations. It provides deposit and credit products, global transaction services, cash management, sales and trading, corporate finance, and investment banking services.
1). Market Risk Manager – VP/AVP
Job Req ID: 23698794
Location: Lagos, Nigeria
Job Type: Full time (Hybrid)
Job Family Group: Risk Management
Job Family: Treasury Risk
Job Category: Risk Management
Job Summary
- The Market Risk Manager is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business.
- Recognized technical authority for an area within the business.
- Requires basic commercial awareness.
- There are typically multiple people within the business that provide the same level of subject matter expertise.
- Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers.
- Significant impact on the area through complex deliverables.
- Provides advice and counsel related to the technology or operations of the business.
- Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.
- Responsible for measuring, monitoring and analyzing the organization’s market risk exposure on a day-to-day and long-term basis for various financial products.
- Market risk pertains to potential loss due to market movements such as changes in interest rates, equity prices, credit spreads and foreign exchange rates.
- Individuals monitor trading limits and are responsible for approving transactions over certain established limits.
- Work with traders or trading management and recommend actions to mitigate risk.
- Responsible for monitoring and analyzing the organization’s risk exposure by understanding the risks and rewards of the Citi products. Structures solutions to mitigate risks of those products. Role includes treasury risk management and non-traded market risk in the banking book
Responsibilities
- Working with each trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems
- Working with senior risk managers in Volcker compliance program
- Developing and maintaining an appropriate autonomous market risk limits framework with applicable limits and triggers
- Autonomously monitor business compliance with the firm’s market risk-related policies
- Assist in credit product and muni product risk reporting and limit monitoring
- Oversee risk exposure measurement and limit monitoring processes to ensure integrity and appropriate independence of reporting
- Participate in the development of business-level stress testing that properly considers risk concentrations by single issuer, risk rating, sector/industry and geography; review results and assess appropriate follow-up actions
- Participate in the ongoing development, implementation and upgrade of risk systems including CRMR/VaR, CRMR/Issuer risk, LimitCentral/Volcker, LimitCentral/issuer risk
- Small tasks/projects which constitute direct integration with trading businesses and market in general, a fantastic learning opportunity for credit market and products
- Working with senior mentors on well-defined mid to long term projects that require technical skills and strategic planning, enabling development in analytical capacity and critical
- 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.
- Responsible for managing balance sheet and all risk taking activities within institutional policy guidelines and external regulatory constraints
- Manages the bank’s foreign exchange, interest rate, liquidity risk exposures and capital exposure.
- Provides inputs in relation to Treasury requirements in the periodic Risk Committee and Board of Directors meetings.
- Assists higher management in identifying opportunities, risks, and controls
- Responsible for achieving satisfactory results in all audit inspections.
- 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications
- Bachelor’s/University degree, Master’s degree preferred
- 15 years minimum post graduation work experience, 10 years being in banking and
- 2 years AGM/AVP in at least 3 major areas of banking operations
- Must possess knowledge of system workflows, front-end and management reporting application systems, and knowledge in the utilization of database technology.
- Treasury experience including asset and liability management is a plus. Project management experience is a plus
- Ability to lead a team. Guide the team members in their daily work and career development.
- Ability to understand and follow the strategic direction charted by the Management.
- Attention to detail and accuracy are essential.
Application Closing Date
Not Specified.
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2). Head of Corporate Sales Nigeria
Job Req ID: 24724859
Location: Lagos, Nigeria
Job type: Full time
Business: FX Sales
Division: Global Markets
Job Family Group: Institutional Sales
Job Category: Institutional Sales
Job Purpose
- Leads the Nigeria corporate sales and solutions business
- Ensuring that coverage benchmarks are met for assigned customer names
- Nurture client relationships. Support RMs to devise and develop treasury based solutions to meet corporate clients’ needs
- Ensure Citi remains in the dominant position in the market by leveraging on the Citi brand, product depth and professionalism
- Focus on the ecommerce business with a view to embedding the CitiFX Pulse product with corporate clients, and increasing revenue and volumes across online modules.
- Ensuring that all internal process and requirements that relate to customer acquisition and transaction processing are efficiently managed.
Key Responsibilities
- Responsible for coordinating and executing the corporate sales strategy in the country
- Responsible for originating ideas, working closely with the relationship managers and regional product specialists to deliver value added products and services to key priority customers of the bank
- Ensure that Citi remains in the dominant position in the Rates and Currencies business in this market by leveraging on the Citi brand, product depth and professionalism, while guiding the introduction of new products to the market to add depth, breadth and future revenue streams for the business
- Formulate and implement all short and medium term strategies for the sales of structured solutions to key priority bank customers. Generate fresh trade ideas, arising out of an understanding of bank customer exposures and implement and sell products to mitigate these.
- Ensure that all derivative sales practices meet all Citi standards and comply with local regulations and guidelines, this includes suitability and appropriateness testing of derivatives customers
- Focus on the ecommerce business with a view to embedding the Citi treasury product with corporate clients, and increasing revenue and volumes across the foreign exchange and money market modules.
- Support RMs to devise and develop treasury based solutions to meet corporate clients’ needs.
- Risk and Controls (protect the franchise), and operate at the highest ethical standards, understand and adhere to internal policies
- Other job-related duties may be assigned as required.
Business Relationships:
Internal:
- RMs/Corporate Finance for marketing structured product ideas to key customers.
- Trading Teams to place customer orders in the market
- Regional hubs for structured sales support and introduction of trade ideas in this market
- Back and middle office to ensure appropriate booking, measurement and compliance with regulations as they relate to derivatives sales
External:
- Direct marketing of large priority customers to identify exposure and sell derivative ideas
- Liaising with customers and Corporate finance teams to embed hedge solutions in Corporate Finance Pitches
- Customers both on and offshore will rely on the sales team for market analysis, forecasts and trends
Knowledge/Qualifications/Skills
- University Undergraduate Degree
- Relevant Professional Qualification e.g. CFA, ACA, MBA etc.
- Candidate must be numeric with proven analytic skills, decisive, quick thinking and have high energy level and drive
- Strong organizational skills and must be able to multi-task
- Must be highly motivated and have a very competitive nature.
- Strong communication skills (written & verbal)
- Strong knowledge of markets, local regulations and CBN guidelines
- Strong knowledge of Citi operational processes and an understanding of market risk policy and limit monitoring
- Minimum of 15 years post-graduation experience out of which 10 years must have been in the banking industry
- Minimum of two years as Deputy General Manager or equivalent
- Evidence of experience in at least three (3) major areas of banking operations.
- Advanced degree (e.g. JD, MBA) an added advantage.
Deadline: Not Specified.
How to Apply: Interested and qualified candidates should use the links below to apply: