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Transaction Svs. Team Lead At Citibank Nigeria Limited

Date Posted: 01/Dec/2016
Deadline: Not Specified

Citi has been doing business in Nigeria since 1984. The bank formerly operated under the name Nigeria International Bank Limited, but was renamed to Citibank Nigeria Limited (Citi Nigeria) in 2008 to fully align with Citi's global brand and identity.

The bank has a strategic business focus in Nigeria specializing mainly in Corporate Banking and servicing mostly corporate clients. Citi Nigeria offers a broad range of services, including global transaction services, sales and trading, corporate finance and investment banking services to corporate and commercial customers, financial institutions (including other banks) and public sector organizations.

Job Title: Transaction Svs. Team Lead

  • Primary Location: Nigeria
  • Education: Associate's Degree/College Diploma
  • Job Function: Operations
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 16079731




Job Purpose:

Foreign exchange purchase and utilization is highly regulated in Nigeria by the Central Bank. There are mandatory regulatory reporting (daily, monthly, etc.) requirements. There are also periodic and ad hoc examinations and review by the CBN and other regulatory agencies.  

Cash and Trade Proc Analyst 1 will work with the Unit Head/Departmental in preparing Regulatory report, coordination of monthly and surprise proofs, testing, monitoring and supervision of MCA, oversight of the outsource service providers and tracking of transit accounts such as Nostros, Sundries and deferred accounts.

His/her primary focus is to ensure accurate and timely rendition of various regulatory reports, work with  the Unit/Departmental Head to prepare the unit for regulatory examinations and ensure effective oversight on the outsourced service provider and other functions as may be delegated by the Unit/Departmental Head.

Key Responsibilities:

The following are the specific tasks and responsibilities of the Cash and Trade Proc Analyst 1:

1. Review transactional documentation for various Trade products and processes to ensure full compliance with applicable regulatory guidelines, laws of Nigeria and/or the United States of America, Citigroup corporate policy, local procedures and international conventions.
2. Ensure that updates of transaction details on business applications for various Trade products and processes by processors, supervisors and unit heads comply with Citigroup corporate policy and local procedures. Ensure that such updates are done accurately and promptly.
3. Ensure that information provided to regulators, independent control, external auditors, Citigroup auditors, customers, business units and operations management is accurate and adequately representative of the degree of compliance with applicable requirements.
4. Ensure proofing of internal accounts to departmental records as and at when due. Ensure that all proof exceptions are corrected and root causes fixed.
5. Work with Unit/Departmental Head for teasing, coordination of the  MCA for various Trade products and processes as and submit as at when due. Ensure that all MCA exceptions are corrected and root causes fixed. Ensure that satisfactory MCA and IA ratings are achieved for various Trade products and processes. Ensure that CBN, NDIC and any regulatory audits are satisfactory for various Trade products/processes.
6. Ensure all regulatory reports, requests and enquiries are attended to promptly and are submitted within the set deadlines. Ensure completeness and accuracy of such deliverables.
7. Ensure that all accruals, amortisations, charges and fees are accurately computed as and at when due and that appropriate accounting entries are accurately passed as and at when due.
8. Ensure adherence to service delivery standards, operating procedures and Resolve ITs/PCFCs. Resolve all exceptions and root causes. Escalate to the Departmental Head/SCOO/other seniors where necessary.
9. Provide input to the development of Trade product programmes. Support the business units on all Trade business development projects.
10. Ensure optimum operational efficiency of the various Trade products/processes. Monitor all processes for optimum performance and initiate/participate in process improvement steps where necessary. Review service delivery standards in line with customer and business requirements.
11. Ensure effective working relationship between the offshore processing unit and the branch.
12. Ensure that institutional policy/local regulatory changes are adhered to consistently.
13. Ensure strategic deployment of human and other resources to achieve corporate goals.
14. Maintain good rapport with representatives of customers and regulators and provide leadership in resolution of any issues that can potentially adversely impact the relationships of these parties with the bank.
15. Participate in various projects as delegated by the unit head, section head, department head and group head.
16. Liaise with regulators particularly CBN and NCS to obtain approvals or feedback for all outstanding requests.





• A good University First Degree
• 4-10 years banking experience, particularly in operations.


• Highly numerate
• Customer friendly
• Excellent Computer skills
• Very Good mental aptitude and intelligence
• Proactive
• Strong oral and written communication skills
• Strategic vision
• Strong execution skills

Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Valuing Diversity:

Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.

Citi is an Equal Opportunities Employer

Method of Application

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