Risk Operations Analyst at Citibank Nigeria

Job Purpose

• Provides broad relationship support for the local franchise in all product areas for credit-related matters. This includes but is not limited to management of the credit approval and credit documentation processes; regulatory reporting and ensuring sustainable controls and compliance with global credit policies; bringing a broad questioning approach as well as providing ideas for process improvements.
• Works closely with and supports the Country Risk Managers, Relationship Managers, Finance Managers, and senior management in managing and mitigating credit risk.

Key Responsibilities
Central Bank Regulatory Reporting:

• Ensure accurate & timely CRMS submissions for Central Bank of Nigeria (CBN) reporting and maintain a good audit trail for all the submissions.
• Maintain accurate databases for CBN reporting and evidence all correspondence with CBN.
• Understand & implement various CBN reporting requirements (CBN-CRMS), and closely work with Finance to manage reporting and compliance obligations.
• Provide on ad hoc and regular intervals, Credit data to CBN, NDIC, CRBs and other regulatory related entities.

Credit Documentation and Collateral:

• Receive, review and ensure safekeeping of credit, support and collateral documentation; record items in documentation and collateral tracking systems in line with credit policies.
• Ensure established processes are followed; including collateral management and registration in credit systems, marking of facilities as available based on credit documentation requirements, follow-ups on exceptions.
• Develop and implement procedures for documentation custody and monitoring; contribute to standard and streamlined processes design.

Credit Preparation and Approval:

• Maintain relationship and facility data in credit systems; support business on portfolio related activities including CA preparations and update of credit information in credit systems.

Data Quality Control:

• Take ownership of the data and ensure correct updates in various credit & operation systems. Understand data flows for all data element categories; investigate and resolve the underlying causes of errors.
• Prepare & review month-end Cross Border submissions and information for portfolio reviews whenever required.

Limit Monitoring:

• Escalate detected exceptions per policy, and address recurring exceptions. Implement process changes to correct technical exceptions and mismatches.

Audit Support:

• Aid in internal and external audits for assigned portfolio segment(s). Provide portfolio and related credit information, normally at the relationship level. Contribute to achieving acceptable audit ratings.
• Maintain Credit Portfolio data at all times for inspection by CBN, NDIC, CRBs and other regulatory related entities on ad hoc basis.

Business Relationships:

• Country Risk Managers, Relationship Managers, Finance Managers, and senior management in managing and mitigating credit risk.

Internal:

• Frequently interact with Country Risk Managers, Relationship Managers, Finance Managers, and senior management in managing and mitigating credit risk.

External:

• Frequently interact with CBN, NDIC & CRBs.