Head: Local Regulatory Reporting at CITIBANK

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

Qualifications:

• 15 years post-graduation experience out of which at least 10 years must have been in the banking industry
• Experience in at least three major areas of banking
• Strong Experience in Bank's Regulatory and Financial Reporting Environment.
• Strong experience in local prudential and Basel regulations.
• Working knowledge of related industry practices and standards
• Ability to work with multiple functions.
• Proven problem-solving skills.
• Consistently demonstrates clear and concise written and verbal communication skills
• Proficient in Microsoft Office with an emphasis on MS Excel and PowerPoint
• Good in relationship Management.

Education:

• BSc Accounting/Finance Honours or related qualification
• Chartered accountant or equivalent.