Operational Threat Supervisor at Citibank

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Citi has been doing enterprise in Nigeria since 1984. The financial institution previously operated below the title Nigeria Worldwide Financial institution Restricted, however was renamed to Citibank Nigeria Restricted (Citi Nigeria) in 2008 to totally align with Citi’s international model and id.

The financial institution has a strategic enterprise focus in Nigeria specializing primarily in Company Banking and servicing principally company purchasers. Citi Nigeria provides a broad vary of providers, together with international transaction providers, sales and buying and selling, corporate finance and investment banking providers to company and industrial clients, monetary establishments (together with different banks) and public sector organizations.

Throughout the business, Citi is thought for its innovation because it has efficiently leveraged its international community and intensive information base to supply its Nigerian purchasers modern services.

Companies

The financial institution provides a broad vary of providers, together with transaction providers, sales and buying and selling, corporate finance and investment banking providers to company and industrial clients, monetary establishments (together with different banks) and public sector organizations.

In August 2008, Citi launched its Direct Custody and Clearing Companies in Nigeria, the 53rd market on its proprietary community – the biggest on the planet. The DCC enterprise will facilitate enterprise transactions for purchasers and buyers seeking to do enterprise in Nigeria.

With 12 branches throughout the nation, Citi Nigeria continues to develop modern services for its clients in and round strategic places.

Sustainability

At Citi Nigeria, we’re dedicated to the wants of the communities through which we function. By driving sustainability by company citizenship, we’ve got developed an Environmental and Social Threat Administration (ESRM) Coverage, which incorporates categorization necessities, environmental due diligence, elevated evaluation and approval necessities for the next transaction sorts:

company and authorities loans
mission finance
fairness transactions
acquisition finance
letters of credit score
bid and efficiency bonds
mission finance advisory mandates
In 2003, Citi was pivotal to the event of the worldwide Equator rules. These requirements function a voluntary set of tips for managing environmental and social risk points. They’re utilized for the funding of improvement applications akin to mission financing and advisory with capital prices of over US$10 million.

It is very important state that these rules have been vetted by the World Financial institution and the Worldwide Finance Company (IFC). Equally, Citi has carried out tips to handle dangers in company loans, debt securities and underwritings higher than US$50 million the place use of proceeds is thought.

Company Social Accountability

Citi Nigeria could be very lively in community actions in Nigeria. As a part of the Citigroup household, the financial institution, by its international charitable arm, Citi Basis, helps varied non-government organizations (NGOs) in Nigeria.

The Citi Basis is dedicated to enhancing financial alternatives for underserved people and households within the communities the place we work all through the world. Globally, the Citi Basis is focusing its giving on microfinance and micro entrepreneurship, which helps people develop into economically self-sufficient; small and rising companies resulting in financial growth and job creation; education, which prepares younger folks for private {and professional} success; monetary education, which helps people make knowledgeable monetary choices; and the atmosphere with a give attention to sustainable enterprises that generate jobs and stimulate financial progress whereas preserving the atmosphere.

In 2013, persevering with Citi’s long-standing custom of supporting native communities through which we do enterprise, Citibank Nigeria Restricted’s Board of Administrators accredited charitable donations of over $95,000 to greater than 30 charitable organizations throughout Nigeria.

In 2012, Citi Nigeria and Citi Basis disbursed grants of greater than $320,000 (USD) to Nigerian NGOs to assist applications akin to micro entrepreneurship, monetary education, and youth education. The recipients of the grants embrace Junior Achievement Nigeria, LEAP Africa, Destiny Basis, Hope Worldwide Nigeria and Rising Companies Basis.

In 2011, in step with the strategic initiatives of the Central Financial institution of Nigeria and the financial improvement targets of the Federal Authorities, Citi launched the Citi Microenterprise Improvement for Rural Farmers Initiative (CMDRFI). This system started with a pilot in Gabasawa LGA, Kano the place over 100 farmers had been chosen and took part in monetary literacy applications after which they had been offered low curiosity loans to assist and develop their farming companies.

Yearly, the financial institution holds its International Neighborhood Day actions. All workers of the financial institution (globally) are inspired to volunteer and do community work on the day. Greater than 500 folks participated in final 12 months’s international community day actions in Lagos, Abuja and Port-Harcourt.

Native Department Growth

Citibank Nigeria has 12 direct branches and greater than 1,500 associate financial institution places strategically located throughout the nation, enabling proximity to our purchasers, and permitting us to be aware of their wants. Additionally, by Citi’s modern digital banking platform, CitiDirect®, our purchasers are capable of transact enterprise with us at any time of the day, even from the consolation of their workplaces.
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