Analyst Risk Treasurer (C10/C11) at Citi

The RT Trader is an intermediate level position responsible for assisting in mitigating bank risk and ensuring bank compliance with regulatory and legal limits, in coordination with the Trading team. The overall objective of this role is to review balance sheets and manage liquidity and price risks of the bank.

Job Purpose:

• To manage the bank’s liquidity by coordinating the daily cash flow, clearing and inter-bank settlement processes countrywide, ensuring that obligations are met and funded on a timely basis.
• To have an in depth understanding of Market Treasury products and revenue drivers
• To manage the banks local currency assets and liabilities profitably thus maximizing funding and gapping income whilst adhering to regulatory ratios.
• To maximize the bank’s Net Interest Margin through optimal asset allocation (available for sale (AFS) investment portfolio vs. distribution of the banks corporate debt assets).
• To further develop the desk’s Treasury liabilities generation capabilities by trading actively in the inter-bank FX swap, Citi’s commercial paper and repo markets thereby growing volumes and revenues.
• To support and actively participate in formulating hedging strategy of the banking book exposure and implementing the bank’s transfer pricing policy implementation across products 
• To assist in managing price and liquidity risks of the banking book
• To interact with regulators (CBN/NDIC/DMO/FMDQ) on behalf of the bank. To ensure the bank’s compliance of traded products to Product Programs and other Citigroup policies. 

Responsibilities:

• Managing, primarily, the daily cash flow activities on behalf of the bank, maintaining the liquidity blotter, managing, and determining optimal funding requirements predicated on customer and inter-banks desk flows.
• Managing the bank’s balance sheet on a daily basis to maximize revenues accruing from funding and gapping opportunities in the inter-bank money market trading repo/reverse repo, FX swaps, and inter-bank placements and deposits.
• Running the banks Commercial paper book, intermediating between investors and issuers, ensuring that the bank competes effectively in the secondary market for short-term corporate debt distribution. 
• Daily monitoring of the local currency balance sheet and all relevant statutory ratios, cash reserve and Deposit Insurance premium requirements, CBN liquidity and capital adequacy ratios and other ratios as determined by the central bank.
• Working closely with market risk and product control groups on balance sheet reporting for risk management purposes and for ALCO
• Developing deep knowledge of internal Market Risk limits (Price Risk and Liquidity Risk) including how the market risk limits affect the day-to-day Treasury activities and the bank’s other businesses.
• Tracking and collating local currency market data to support research and analytics as required by the bank.
• Assisting in organizing ALCO meeting with focus on preparing ALCO deck and ensuring minutes of the meeting are distributed promptly
• Assisting in collation and preparation of reports (Quarterly Internal Liquidity Adequacy Assessment Process, semi–Annual ILAAP report, Annual Intraday Monitoring Management and Reserving Procedure, Annual Funding and Liquidity Plan)
• Establishing synergy with Citi Nigeria Markets Sales and Trading teams

Principal relationships:

Internal:

• Daily interaction with corporate and commercial bank RM’s to manage the Risk Assets and Deposit Liabilities portfolio
• Daily interaction with Backoffice units – Treasury Operations, Branch Operations, Funds Transfer and Clearing to coordinate country wide clearing and settlement
• Daily interaction with middle office – Market Risk, Finance, Product Control, CRMS to monitor regulatory and Citigroup limits and triggers.

External:

• Daily interaction with CBN front office in Banking operations department and other settlement agencies – CSCS, FMDQ and NACS, to coordinate countrywide cash flow management.
• Daily interaction with Citi’s Settlement Bank for clearing balances.
• Daily interaction with inter-bank market counterparts
• Representative of the bank in local currency related activities at the Financial Markets Dealers Association and FMDQ

Qualifications:

• Undergraduate degree with emphasis on Finance & accounting.
• Post graduate qualification will be an added advantage
• Relevant professional qualifications e.g. ACCA, ACA, TDC, CFA a plus.

Knowledge/Experience:

• Prior work experience in Treasury and/or knowledge of market products is an added advantage.
• 5 - 8 years post-qualification experience (preferably).

Skills:

• Candidates must be confident, articulate, quick thinking and very numerate.
• Must display high energy levels and drive
• Must display an affinity for risk taking
• Must demonstrate a competitive nature