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

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.
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

Job location

Application Closing Date
Not Specified.

How to Apply

Interested and qualified candidates should:
Click here to apply online