Citibank Nigeria Job for a Transaction Svs. Team Lead

Citibank Nigeria, the leading global financial services company, provides consumers, corporations, governments and institutions with a broad range of financial products and services. Citibank is recruiting to fill the vacant position below:


Job Title: Transaction Svs. Team Lead
Job ID: 16079731
Location: Nigeria
Job Function: Operations
Schedule: Full-time
Employee Status: Regular
Travel Time: No
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:
• 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.
• 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.
• 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.
• Ensure proofing of internal accounts to departmental records as and at when due. Ensure that all proof exceptions are corrected and root causes fixed.
• 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.
• Ensure effective working relationship between the offshore processing unit and the branch.
• Ensure that institutional policy/local regulatory changes are adhered to consistently.
• Ensure strategic deployment of human and other resources to achieve corporate goals.
• 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.
• Participate in various projects as delegated by the unit head, section head, department head and group head.
• Liaise with regulators particularly CBN and NCS to obtain approvals or feedback for all outstanding requests.
• 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.
• 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.
• 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.
• 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.
• Provide input to the development of Trade product programmes. Support the business units on all Trade business development projects.

Qualifications
Knowledge:

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

Skills:

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

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.

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