Recruitment: Apply For Citibank Recruitment 2023

Citibank Nigeria reports Basel/IFRS compliant reports to the Central Bank of Nigeria and other financial services regulatory authorities. The role of Regulatory Reporting is a critical function placed within Nigeria’s Finance department and reports directly to the Country Finance Officer (CFO) on all aspects of activities outlined below: The purpose of the role is to ensure: Regulatory returns submitted to key regulators of Citi Nigeria are accurate, timely  and of high quality; analytical insights on these returns are available to management for the purpose of decision making; that strong controls are applied and implemented during the process, and opportunities for process improvements are identified and implemented along the way. Responsibilities include:

Responsibilities:

• • Support the analysis and submission of reports to various regulatory authorities based on applicable requirements such as IFRS, BASEL, ICAAP, Pillar 3 Disclosure and local regulatory reporting rules.
  • Overseeing and monitoring the production process of regulatory returns.
  • Accurate review, analysis and filing of regulatory returns to the regulators and management.
  • Overseeing and monitoring the production process of regulatory ratios.
  • Have a sound understanding of the financial statements and the accounting standards and their impact on various reporting aspects within Finance;
  • Provide analysis and responses to all issues relating to CBN and NDIC queries on an on-going basis;
  • Review, interpret and implement CBN and NDIC regulations as required by the local regulator;
  • Application of strong internal controls, with a focus on continually strengthening the control environment.
  • Identifying areas where process improvements can be made to achieve efficiencies and a strong control environment;
  • Support the improvement of data quality as it pertains to financial and regulatory reporting.
  • On an annual basis, support the external regulatory audit.
  • Support the CFO and Controller with ad-hoc requests.
  • Support application and implementation of IFRS standards.
  • Adhere to the policies and procedures relating to regulatory reporting.
  • Provide support (preparation of committee packs, analysis of information for business purposes) for various management committee meetings and external meetings (Regulator on-site visits), including ability to assist with chairing meetings where required.
  • Working closely with Business partners and other functions in relation to regulatory reporting as appropriate.
  • Produce metrics to senior management highlighting key regulatory issues and remediation status and maintain and enhance related operational and analytical procedures.
  • Responsible for coordinating cluster and regional regulatory control deliverables (LRR)
  • Assist in the development of process efficiencies and improvement efforts as well as data quality improvement projects.

• Interpret policies, guidelines, and processes and resolve complex problems and transactions.
• 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 regulatory risk when business decisions are made