Chief Financial Officer (CFO) in Lagos, Nigeria

at CitiBank

Banking / Financial Services
Financial Services
Minimum Qualification
Bachelor's Degree
Required Experience
7 - 10 years
Employment Type
Full Time
Male or Female
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Job Description

Key Responsibilities:   Daily management of local regulatory reporting activities, financial control related activities: 1. Overall responsibility for all financial accounting, management information systems, analysis and review of all strategic investment options, local and foreign taxes, local and US regulatory compliance as well as liaison with internal and external auditors and bank regulators 2. Ensuring that accounting is in compliance with U.S. and IFRS principles and regulatory accounting guidelines and is reported in a timely and accurate manner; 3. Supervise the finance and controllership functions ensuring that senior management is aware of the control tone in the bank and adequate procedures are in place to manage and evaluate strategic, business, credit and operating risks in the bank. Ensure that Nigeria fully implements and complies with LRRD. 4. Position as Trusted Advisor to the CCO and Business heads in order to drive the business financial performance and embed an appropriate performance management framework to enable the business to succeed: Analytical analysis, approval and presentation of financial statements, and management profitability reports for internal and external use. 5. Participate in the formulation of the Country Strategic Plan and Objectives and coordinate the effort on budgeting and planning for the country. Work closely with the Cluster Planning and Analysis Team to ensure that analysis on the Nigeria financial information is accurate and value added. 6. Responsible for the Finance Management Control Self-Assessment (MCA) process, including design and implementation of the control framework, the quality assurance of the control file process, analysis of key risks identified, assessing the adequacy of corrective actions and following up of the implementation and appropriateness of corrective actions.Responsible for the controls over the balance sheet and ensuring balance sheet control conforms with the Global best practice 7. Ensure all financial input to the Board processes are timely, robust and complete, meeting any regulatory standards. 8. Ensuring that appropriate internal and external audits and examinations are conducted successfully, as well as ensuring that the tracking of corrective actions for these audits is diligently performed. 9. Develop a working relationship with the regulators, tax advisors and statutory auditors, anticipating and informing the CCO of significant regulatory developments and helping to create and implement strategies to bring about desired changes; 10. Chairing the Legal Entity Management Committee and managing the compliance with Citi’s Legal Entity Management Policy (“LEMP”) 11. Actively participating in the following franchise committees: Country Coordinating Committee (CCC), Business Risk, Compliance and Control Committee (BRCC), Asset and Liability Committee (ALCO), Local Regulator Reporting Governance Committee (LRRGC), Account Review Committee (ARC) 12. Participate in Regional Finance initiatives and rollouts, as well as the Africa Finance project initiatives 13. Responsible for effective leadership, training and development of staff within the Finance function.
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