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. 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.
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). Business Execution Lead, Nigeria
Job Req ID: 24733788
Location: Lagos, Nigeria
Job Type: On-Site/Resident
Job Category: Business Administration
Job Family: Business Management
Job Family Group: Business Strategy, Management & Administration
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)
- Minimum of First 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
Application Closing Date
Not Specified.
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2). Market Risk Manager
Location: Lagos
Job Req ID: 23698794
Job type: Hybrid
Job Category: Risk Management
Job Description
- 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 and Experience
- 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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3). Labor Relations Senior Manager – Nigeria & Ghana
Job Req ID: 24737262
Location: Lagos, Nigeria
Job Type: Hybrid
Job Category: Human Resources
Description
- This role is a member of the newly-formed MEA Labor Relations team which reports to a MEA team lead based in the UAE. This role in turn reports to the MEA Head of HR.
- Applies in-depth disciplinary knowledge through provision of value-added perspectives or advisory services.
- May contribute to the development of new techniques, models and plans within area of expertise.
- Excellent communication and diplomacy skills are required, as well as an understanding of local labor laws and the applicable regulatory environment.
- Must be able to multi-task, work independently, be able to prioritize workloads and manage stakeholders to the highest level.
- Generally, has responsibility for volume, quality and timeliness of end results.
Responsibilities
Labor/ Union & Collective Negotiations:
- Implements the organization’s employee relations strategy to minimize the negative impact of individual employee grievances or collective labor disputes.
- Coordinates employee and labor relations programs to ensure compliance with policies and practices.
- Represents the organization in contract negotiations with labor unions. Ensures that there is effective cost budgeting for any incremental asks/incentives to support contract negotiations.
- Liaises with managers, employees, and their representatives to investigate and resolve grievances and develop strategies to prevent their recurrence to maintain a productive and harmonious workplace.
- Ensures all employer-employee relationships in the organization comply with collective agreements, individual employment contracts, regulations, laws, and the organization’s employment policies and standards.
- Analyzes and interpret bargaining trends and issues, as well as standards, regulations, and laws to understand their impact on the organization. This includes market benchmarking on similar organizations and the incentives provided under the relevant bargaining agreements.
- Represents management in negotiations and dispute resolution with employees, unions, employer bodies, government agencies, labor relations authorities, and other agencies to protect the organization’s interests.
Employment Litigation:
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- Provide support to Employment Legal and CHROs on employment litigation processes
Regulatory Advisory (HR and Local Labor Law):
- Partners with the CHROs, Employment Legal, ICRM and Country Legal teams to respond to Labor authorities or regulators on employment matters
- Translate external/internal labor counsel labor law / regulations and into changes impacting the workplace; monitor changes in labor law to advise management
- Support CHROs with Labor Department audits and/or inquiries
- Handbook amendments and policy dissemination
- Advise/counsel on all HR matters under local law including hiring, working shifts, over time and premium pay, exemption classifications under applicable wage and hour laws, DIRA and VIC, Occupational Health & Safety, Terminations, performance, mobility , cross-border transfers, local legal vehicles, work visas or permits
Individual and Collective Dismissals (Terminations):
- Engage in negotiations for individual and collective dismissal processes, redundancy calculations, tax impact, cases preparation (dismissal letters, separation agreements, communication etc.) in consultation with Employment Legal
- Partner with Employment Legal, Country Legal, Employee Relations, HRAs and CHROs on Involuntary Terminations that require special support
Oversight & Reporting:
- Provide Information for Senior Escalation meetings and governance forums
Policy & Regulation:
- Confirm policy and Regulation applicability under labor law. Implementation is coordinated by Labor Relations in each country with Employment Law, ER, other COEs or HR Delivery accordingly.
- Provide advice to Policy Lead on changes to Employees Handbook: Update according to Labor Law amendments and jointly with the Union, file before Labor Board.
- New Policies Implementation
Occupational Health:
- Oversight on Occupational Health issues: committees participation, representation with regulators, as applicable
Third Parties contractors, NEMS:
- Third parties contractors, NEMS (Non Employees) Bankruptcy and Litigation Monitoring
- Advise on NEMS management and conversions
Risk & Controls:
- Identify controls to manage risks, conduct root cause analysis and look-across to prevent risks from being repeated
- Partner with HR Controls, ICRM, and Risk teams to provide support to the CHROs on issue management, tracking progress, escalating concerns
- 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.
Others:
- Bank Associations/Regulators monthly Committees
- Data Privacy consultation matter
- Support implementation of “How we Work” strategy in each country accordingly
- Provides ad hoc support to the CHROs across a number of in-country HR generalist tasks
- Engages with other Labor Relations Managers on pan-MEA projects and initiatives
Qualifications
- Minimum of First Degree or equivalent in any discipline plus a relevant higher degree or professional qualification
- 15 Minimum Years of Post-Graduation Work Experience
- 10 Minimum Years of Experience in Banking
- 10 Minimum Years in Previous Position
Application Closing Date
Not Specified.
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4). 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:
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