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Sec Processing Analyst 2 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.


Min Required Experience:

5 year(s)

Min Qualification:

Bachelor’s Degree/HND

Desired Courses:

Not Specified

Other Requirements:

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

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

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