Sec Processing Analysts at Citibank Nigeria Limited

Citibank Nigeria Limited, the leading global financial services company, provides consumers, corporations, governments and institutions with a broad range of financial products and services.

We are recruiting to fill the position below:

Job Title: Sec Processing Analyst 2

Job ID: 16085413
Location: Nigeria
Job Function: Operations
Schedule: Full-time
Shift: Day Job

Primary Purpose
State briefly the principal purpose of the position, its major objectives and the impact the position has on Citibank Nigeria Ltd. Processing of the following:

• FGN Trading Bonds
• FGN AFS Bonds
• GHS Trading Bonds
• FGN EURO Trading Bonds
• AMCON Bonds
• US Treasury Bonds AFS Portfolio
• Trading Treasury Bills
• AFS Treasury Bills
• Customer Investments in Bills and Bonds

Others include:             

• Daily Mark  to Market for Bills and Bonds
• Treasury bills blotter Update
• Treasury Bills Blotter /DEPO/X daily Proof
• FGN Bonds Edealer/ DEPO/X daily reconciliation
• Tbills pledged to FIRS/NIBSS/Clearing/Zenith etc.
• Tbills/Bonds Customer Purchases
• Auction bidding
• Coupon Processing

Authorisation on the following systems:

• Money Market System
• Flexcube
• RTGS – CBN Payment System
• S4  -  CBN Securities Settlement System
• Orbiflow

Principal Accountabilities
List a series of brief statement s, which describe only the major activities for which this job is held accountable.

• FGN Bonds/ Treasury Bills Auction:
  • Ensure bonds/bills application forms are filled correctly
  • Authorize bid on S4 for new maturities introduced by CBN
  • Generate letters to Central Bank in respect of the bond application  for existing maturities
  • Confirm Stop rate and ensure we are debited accordingly
  • Post entries on flexcube
  • Ensure Customers requests for Bonds are presented to CBN
  • Instruct CBN on S4 to transfer Bonds to PFA Custodians
  • Obtain and Update FII Security Numbers for new AFS Bond/Bills
• FGN Bonds / Treasury Bills Trading Portfolio:
  • On Sale/Purchase of Bonds/Bills to counter party, ensure Trades are settled on DEPO/X on Settlement Date
  • Ensure  entries are passed on flexcube on Settlement dates
  • Pass entries to reconcile and net-off Suspense Account.
  • Confirm settled and unsettled trades from S4
  • Contact counter parties for failed/unsettled deals.
  • Send reports on unsettled deals to Treasury and monitor representation.
  • Pass adjusting entries for failed settlements.
  • Ensure confirmation letters are sent to counterparties
  • Update the Treasury bills blotter and reconcile
  • Reconcile the Bonds/Bills position on flexcube to S4
  • Escalate discrepancies to CBN for resolution.
• US Treasury Bonds/Government of Ghana Bonds/FGN Euro Bonds:
  • Handle the processing of foreign currency Bonds.
  • Liaise with custodians to reconcile the bonds Portfolio using MT535
  • Confirm the deals
  • Follow up on FICC to update Edealer for interest accrued.
  • Ensure Coupons are received when paid.
  • Monitor for receipt of cash settlements for Sales and ensure transfers are done for Purchases.
• Ensure confirmation letters are printed and sent to despatch unit.
• Preparation of Regulatory Returns on Bills and Bonds
• Review PCU report on bills/bonds and take appropriate action as required.
• Send Management  Reports to relevant unit
• Send Unsettled transactions report to relevant units
• Update the Treasury Monthly MIS report before the 15th of the next month.
• Reconcile Interest in suspense and PDO account balances before the 15th of the month. Escalate to relevant units and follow through for resolution of exceptions.
• Review FX profit calculations for adjustment of unrealised profit.
• Perform oversight function for the outsourced products in the unit
• Co-ordinate the monthly and quarterly surprise proofs for the unit
• Co-ordinate the MCA in the unit

Business Relationships:

• Describe the types of internal/external relationships and frequency of contract (e.g., customers, regulators, government agencies, Other Citi departments/businesses).
• Internal: RMs, GSG, Citiservice, Customer service, TTS CASH, FINANCE, OPS Control, FICC, SFS etc.
• External: CBN, NDIC, ARR, CSCS, OTHER INTERBANKS COUNTERPARTIES, FMDQ

Qualifications
Specialized Skills/Experience:

• Describe the educational requirements, special skills or work experience required to perform this position:
  • Education or (Equivalent Training): Basic College Degree.
  • Experience and Training: From 5 Years
  • Moderate Physical Demand

Thinking Complexity:

• List the biggest challenges which help describe the complexity of the operating climate.

Thinking Complexity required is high largely due to the following:

• Unstructured demands and requirements from Central Bank, CSCS, FIRS
•  Authorities and other relevant agencies.
• Multiple Systems used for processing
• Some disparity between Local accounting and US GAAP
• High value of transactions

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online