AddressCharles S. Sankey House 27 Kofo Aabayomi Street, Victoria Island, Lagos
About CITIBANK
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 Nig... read moreeria 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.
Within the industry, Citi is known for its innovation as it has successfully leveraged its global network and extensive knowledge base to offer its Nigerian clients innovative products and services.
Businesses
The bank offers a broad range of services, including 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.
In August 2008, Citi launched its Direct Custody and Clearing Services in Nigeria, the 53rd market on its proprietary network - the largest in the world. The DCC business will facilitate business transactions for clients and investors looking to do business in Nigeria.
With 12 branches across the country, Citi Nigeria continues to develop innovative products and services for its customers in and around strategic locations.
Sustainability
At Citi Nigeria, we are committed to the needs of the communities in which we operate. By driving sustainability through corporate citizenship, we have developed an Environmental and Social Risk Management (ESRM) Policy, which includes categorization requirements, environmental due diligence, elevated review and approval requirements for the following transaction types:
corporate and government loans
project finance
equity transactions
acquisition finance
letters of credit
bid and performance bonds
project finance advisory mandates
In 2003, Citi was pivotal to the development of the global Equator principles. These standards serve as a voluntary set of guidelines for managing environmental and social risk issues. They are utilized for the funding of development programs such as project financing and advisory with capital costs of over US$10 million.
It is important to state that these principles have been vetted by the World Bank and the International Finance Corporation (IFC). Similarly, Citi has implemented guidelines to manage risks in corporate loans, debt securities and underwritings greater than US$50 million where use of proceeds is known.
Corporate Social Responsibility
Citi Nigeria is very active in community activities in Nigeria. As part of the Citigroup family, the bank, through its global charitable arm, Citi Foundation, supports various non-government organizations (NGOs) in Nigeria.
The Citi Foundation is committed to enhancing economic opportunities for underserved individuals and families in the communities where we work throughout the world. Globally, the Citi Foundation is focusing its giving on microfinance and micro entrepreneurship, which helps individuals become economically self-sufficient; small and growing businesses leading to economic expansion and job creation; education, which prepares young people for personal and professional success; financial education, which helps individuals make informed financial decisions; and the environment with a focus on sustainable enterprises that generate jobs and stimulate economic growth while preserving the environment.
In 2013, continuing Citi's long-standing tradition of supporting local communities in which we do business, Citibank Nigeria Limited's Board of Directors approved charitable donations of over $95,000 to more than 30 charitable organizations across Nigeria.
In 2012, Citi Nigeria and Citi Foundation disbursed grants of more than $320,000 (USD) to Nigerian NGOs to support programs such as micro entrepreneurship, financial education, and youth education. The recipients of the grants include Junior Achievement Nigeria, LEAP Africa, Fate Foundation, Hope Worldwide Nigeria and Growing Businesses Foundation.
In 2011, in line with the strategic initiatives of the Central Bank of Nigeria and the economic development goals of the Federal Government, Citi launched the Citi Microenterprise Development for Rural Farmers Initiative (CMDRFI). The program began with a pilot in Gabasawa LGA, Kano where over 100 farmers were selected and participated in financial literacy programs after which they were provided low interest loans to support and grow their farming businesses.
Annually, the bank holds its Global Community Day activities. All staff of the bank (globally) are encouraged to volunteer and do community work on the day. More than 500 people participated in last year's global community day activities in Lagos, Abuja and Port-Harcourt.
Local Branch Expansion
Citibank Nigeria has 12 direct branches and more than 1,500 partner bank locations strategically situated across the country, enabling proximity to our clients, and allowing us to be responsive to their needs. Also, through Citi's innovative electronic banking platform, CitiDirect®, our clients are able to transact business with us at any time of the day, even from the comfort of their offices.
Job description
The Compliance Testing team exists to assist in the management and oversight of Compliance risk in the following ways:
To complete Compliance Reviews using a strong, in
Description Represent Citi tenant and ownership interest for all Banking Business groups under CRS management, including but not limited to:
Manage the Real Estate portfolio to ensure optimum
Job Purpose:
The individual will play a key role in developing and maintaining a robust control environment in across the bank in general.
He/she will be responsible for coordinating, monitoring and
Job Purpose:
The goal of the Compliance Testing Team in EMEA is to ensure adherence to regulatory requirements, and to perform planned reviews against regulatory requirements and pertinent processes.
DescriptionJob Purpose:The basic objective of the Branch Operations/Cash & Tellers unit is delivery of products and services to customers in a timely and efficient manner. Located in the banking h
Description Job Purpose:To manage the Citi Finance function for Nigeria supporting all Citi Products. Responsibility for all financial controls and accounting activities, business analysis and st
Job Purpose:
To identify, analyze, dimension and manage the key risks facing the bank (primarily credit risks) for standard credits, complex credits including FI’s, syndicated loans and
Job description
Primary Purpose
State briefly the principle purpose of the position, its major objectives and the impact the position has on Citibank Nigeria Ltd.
· Provide analytical suppor
Job description
Provide analytical support to the cluster Operations Control Hub in South Africa
Perform selected centralized SSA control tests across all 11 countries
Escalate to top manag
Function background/context:
Internal Audit is a global organization of over 1700 professionals covering Citi's global businesses and service to clients and customers in over 180 countries. Citi's In
Job Purpose:
To provide high-level support to the office of the Managing Director/CCO to including managing all liaison, logistics and administrative activities to ensure the overall efficiency and e
Job Purpose a) Independently assess the effectiveness of controls and determine the potential impact of any control failure and the corrective actions required. b) Highlight to senior manageme
Job Purpose
To implement relevant Citi policies and procedures from General Service’s perspective.The impact is an adequately managed General Services core responsibilities and a careful execut
Job ID: 15065838 Location: Lagos Job Function: Finance Job Purpose
Assist the CFO in ensuring that all local Regulatory reporting requirements and tax issues are met in a timely and accurate manne
In particular, this position and responsibilities will include but not be limited to:
Leading and coordinating the direct end to end origination, structuring, distribution and execution of episod
Job Description
Job Purpose:Provide financial analysis, risk assessment and analytical support for the assigned credit relationships in Financial Institutions Group (FIG), Global Subsidiary Group (GS
Job Description
Job Purpose:
Market Trade Services products to customers
Work with business segments to develop business solutions to product and other issues identified by customers in the relev
Description
The Compliance Testing Officer will be expected to review regulatory requirements to determine appropriate test programme coverage, execute and coordinate reviews of specific areas of re
