Risk Analyst at CITIBANK

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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 Nigeria 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.


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.


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 Req ID: 21260229
Job Category: Risk Management
Job Family: Credit Decisions

Purpose of the Job

To identify, analyse, dimension and manage the key risks facing the bank (primarily credit risks) for standard credits, complex credits including Financial Institutions (FI’s), syndicated loans and other complex transactions, including transactions involving derivatives and market risks, with the key objective of ensuring a healthy portfolio and minimizing financial losses.

Job Background / Context

In view of the need to preserve as well as maximize shareholders’ wealth, particularly in a dynamic environment like Nigeria, it is imperative to have a strong risk management framework adequately staffed with the requisite risk expertise, to ensure a healthy risk asset portfolio, and entrench best-in-class risk management practices.

Key Responsibilities

Timely and good quality initial, interim and annual credit approval requests / reviews, which comply with institutional and regulatory guidelines.
Analysis of complex transactions, customers and industries including Financial Institutions (FI’s), syndications, acquisitions and other Corporate Finance / Treasury initiatives, including derivatives and market risk impacted transactions – with capacity to provide policy and process knowledge and guidance, as pertinent.
Conducting Industry Credit Reviews (ICR’s) and Target Market studies.
Collaborating with the relationship management teams in ensuring that credit approvals are timely and current.
Early problem recognition, monitoring identified risk triggers and raising credit red flags.
Supporting remedial management initiatives and / or actions, where necessary
Ensuring the implementation of agreed action steps identified to address credit issues (including issues raised by Credit Reviewers, Internal Auditors, Regulators etc.).
Maintaining customer interface and developing contacts; regular credit calls on customers.
Monitoring events in the local and global environment; understanding of impact on bank’s credit assets.
Undertake special tasks assigned by CRM (Country Risk Manager)
Collaborate in the preparation of the country’s scenario plan.
Collaborate in the negotiation of International Swaps and Derivatives Association (ISDA) agreements and related documentation.
Participate in the formulation and implementation of the Country’s business and risk strategy.
Prepare stress tests and rapid portfolio reviews.

Qualifications and Experience

Minimum of a University undergraduate degree.
A postgraduate degree in a Financial and / or Business discipline, or a professional accounting and / or financial management qualification.

Knowledge / Experience:

At least 10 years of commercial or investment banking experience with industry and / or specialized knowledge covering key segments of the economy –  Oil & Gas, Industrials, FMCG, Telecoms, Public Sector, Financial Institutions etc.
Proven track record of leadership in originating and / or analysing and / or reviewing / approving credit requests and / or proposals across industry segments
Proven track record in conducting and / or actively participating in portfolio, industry and / or sectorial reviews and analysis, including articulation, co-ordination and implementation of action plan.
Product knowledge (including Cash Management, Trade, Treasury products, Loans and Corporate Finance)


Strong numeracy and analytical skill.
Strong computing skills.
Strong problem solving skills.
Strong presentation and communication skills.
Strong Leadership skills.
Strong inter-personal skills.
Strong management and organization skills

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