West and Central Africa Corporate Credit Underwriter (C13 / 14 – VP / SVP) at Citibank Nigeria Limited (CNL)

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Citibank Nigeria Limited (CNL) was incorporated in Nigeria on May 2, 1984 and the oldest international bank in the country. It provides a wide range of financial products and services to corporate and commercial customers, financial institutions and public sector organizations. It offers deposit and loan products, global transaction services, cash management, sales and trading, corporate finance and investment banking products.

The company was formerly known as Nigeria International Bank Ltd and changed its name to Citibank Nigeria in 2008. Today it employs about 300 people and operates 12 branches in Lagos, Abuja, Port Harcourt, Warri, Kano, Bonny, Aba, Lanlate and Ososa. As at December 31, 2016, it had over NGN 600 billion in total assets. Citibank Nigeria is owned by Citibank Overseas Investment Corporation, a subsidiary of Citibank N.A. (USA).

We are recruiting to fill the position below:

Job Title: West and Central Africa Corporate Credit Underwriter (C13 / 14 – VP / SVP)
Job Req ID: 22542977
Location: Lagos, Nigeria
Job Type: Full-time
Job Category Risk Management
Job Family Group: Risk Management
Job Family: Credit Decisions

Job Description

  • Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group (ICG) organization.ICM’s objective is to provide integrated “end-to-end” credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the ICG.
  • Within ICM, the Credit Underwriting function (ICM-UW) provides analysis, greenlight, underwriting, 1st Line of Defense credit approval and subsequent credit monitoring across all ICG wholesale credit businesses including Banking Capital Markets & Advisory (BCMA), Global Structured Products, Financings & Securitizations (GSP-F&S), Treasury & Trade Solutions (TTS), and Markets & Securities Services (MSS).
  • Each West and Central Africa Corporate Credit Underwriter covers large and complex relationships with corporates, financial institutions and public sector clients within West and Central Africa including Nigeria and Ghana, being responsible for all underwriting activities, in partnership with BCMA and Risk (2nd Line of Defense).
  • This role reports directly to the Sub-Saharan Africa (SSA) ICM Corporate Credit Underwriting Cluster Head.

Key Responsibilities
Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:

  • Adoption of leading practices in credit analysis, underwriting, and monitoring, including the end-to-end underwriting process, from early origination discussions, to development of credit approval memos, and senior approval forums
  • Ensure Credit Approval Memo (CAM) packages are complete and accurate
  • Detailed reviews of financial data, projection modeling, stress testing, and other in-depth analysis performed by junior resources in IRAU (the ICG Risk Analysis Unit)
  • Balance business opportunities within Citi’s Risk appetite framework
  • Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
  • Support the ICM-UW leadership on strategic initiatives/projects
  • Support Voice of the Employee initiatives

Specific Risk Experience:

  • Senior credit approval authority (or similar designation) covering large and complex underwritings, capital commitments, and derivatives with multi-industry experience
  • Experience in and exposure to global credit risk management standards. Ability to understand capital markets products and complex financing and product structures
  • Ability to implement change and develop best practices throughout an organization.
  • Ability to provide strategic insights and strong sensitivity to macro and regulatory issues, and impact of such issues on the various Risk families, including operational and franchise risks
  • Able to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with banking and product organizations   
  • Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit.

Client Relationships / Business Partnership:

  • As part of the 1st Line of Defense, the ability to find the right balance that achieves the aims of the business while managing Citi’s risk appropriately
  • Understanding the nuances of local markets, local regulation, and the capabilities and practices of competitors
  • Navigate organizational complexity and break silos
  • Create and sustain a network of strong partnerships with the business in all segments & geographies and risk functions
  • Provide well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships
  • Proven track record of partnering with global peers in leveraging and implementation of best practices


  • First Degree or equivalent in any discipline plus a relevant higher degree or professional qualification.
  • Minimum of 15 years minimum post-graduation experience, out of which 10 years must have been within the Banking industry and a minimum of 2 years as an Assistant General Manager.
  • Evidence of experience in at least three (3) major areas of banking operations.
  • 10+ years of corporate banking, credit risk and/or corporate finance work experience at banks/financial institutions
  • Candidates with less experience but outstanding track record could be consider for the role as VP/C13
  • Senior Credit Officer designation (or similar) is preferred
  • Demonstrates strong ethics and integrity
  • Ability to see the ‘big picture’ in a complex environment 
  • Can make decisions under pressure and short timeline
  • Excellent verbal & written communication skills. Active listening skills. 
  • Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies
  • Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online


  • Citi is an equal opportunity and affirmative action employer.
  • Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
  • Citigroup Inc. and its subsidiaries (“Citi”) invite all qualified interested applicants to apply for career opportunities.


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