• Application Deadline:
• Position: Head: Local Regulatory Reporting


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 15 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

• The role of Regulatory Reporting is a critical function placed within Nigeria’s Finance department and reports directly to the Country Finance Officer (CFO) on all aspects of activities outlined below:


• The purpose of the role is to ensure: Regulatory returns submitted to key regulators of Citi Nigeria are accurate, timely  and of high quality; analytical insights on these returns are available to management for the purpose of decision making; that strong controls are applied and implemented during the process, and opportunities for process improvements are identified and implemented along the way.

Responsibilities:

• Support the analysis and submission of reports to various regulatory authorities based on applicable requirements such as IFRS, BASEL, ICAAP, Pillar 3 Disclosure and local regulatory reporting rules.


• Overseeing and monitoring the production process of regulatory returns.


• Accurate review, analysis and filing of regulatory returns to the regulators and management.


• Overseeing and monitoring the production process of regulatory ratios.


• Have a sound understanding of the financial statements and the accounting standards and their impact on various reporting aspects within Finance;


• Provide analysis and responses to all issues relating to CBN and NDIC queries on an on-going basis;


• Review, interpret and implement CBN and NDIC regulations as required by the local regulator;


• Application of strong internal controls, with a focus on continually strengthening the control environment.


• Identifying areas where process improvements can be made to achieve efficiencies and a strong control environment;


• Support the improvement of data quality as it pertains to financial and regulatory reporting.


• On an annual basis, support the external regulatory audit.


• Support the CFO and Controller with ad-hoc requests.


• Support application and implementation of IFRS standards.


• Adhere to the policies and procedures relating to regulatory reporting.


• Provide support (preparation of committee packs, analysis of information for business purposes) for various management committee meetings and external meetings (Regulator on-site visits), including ability to assist with chairing meetings where required.


• Working closely with Business partners and other functions in relation to regulatory reporting as appropriate.


• Produce metrics to senior management highlighting key regulatory issues and remediation status and maintain and enhance related operational and analytical procedures.


• Responsible for coordinating cluster and regional regulatory control deliverables (LRR)


• Assist in the development of process efficiencies and improvement efforts as well as data quality improvement projects.


• Interpret policies, guidelines, and processes and resolve complex problems and transactions.


• Has the ability to operate with a limited level of direct supervision.


• Can exercise independence of judgement and autonomy.


• Acts as SME to senior stakeholders and /or other team members.


• Appropriately assess regulatory risk when business decisions are made

Qualifications:

• 15 years post-graduation experience out of which at least 10 years must have been in the banking industry


• Experience in at least three major areas of banking


• Strong Experience in Bank's Regulatory and Financial Reporting Environment.


• Strong experience in local prudential and Basel regulations.


• Working knowledge of related industry practices and standards


• Ability to work with multiple functions.


• Proven problem-solving skills.


• Consistently demonstrates clear and concise written and verbal communication skills


• Proficient in Microsoft Office with an emphasis on MS Excel and PowerPoint


• Good in relationship Management.

Education:

• BSc Accounting/Finance Honours or related qualification


• Chartered accountant or equivalent.