Citibank Nigeria Limited (CNL) is a subsidiary of Citigroup, one of the world’s largest financial services institutions. Citibank Nigeria provides a broad range of financial services and products to corporate and institutional clients, including local corporates, financial institutions, public sector organizations, and multinationals.
The Cash and Trade Processing Representative position at Citibank Nigeria Limited is a critical role that supports the bank’s cash management and trade transaction services. This role primarily involves handling day-to-day operational activities related to trade finance, ensuring smooth cash management, processing trade transactions, and mitigating associated risks.
Cash and Trade Processing Representative
As a Cash and Trade Processing Representative at Citibank Nigeria Limited, your key responsibilities will include:
Key Responsibilities:
- Transaction Processing:
- Process various types of transactions related to cash management and trade finance, such as Letters of Credit (LCs), bank guarantees, funds transfers, and foreign exchange.
- Reconciliation:
- Perform daily reconciliation of cash transactions and trade finance processes to ensure the accuracy and compliance of operations.
- Compliance and Risk Management:
- Ensure that all operations comply with Citibank’s policies and local regulations, such as anti-money laundering (AML) policies and Know Your Customer (KYC) guidelines.
- Client Servicing:
- Provide excellent customer service by resolving issues related to trade finance and cash transactions promptly. Coordinate with other teams within Citibank to ensure efficient service delivery.
- Documentation and Record Keeping:
- Maintain accurate documentation of all trade and cash-related transactions for audit and compliance purposes. Ensure timely reporting and submission of documentation to relevant regulatory bodies.
- Team Collaboration:
- Collaborate with internal teams, including the treasury, risk, and compliance departments, to ensure all trade processing activities are handled in line with Citibank’s global standards.
Skills and Qualifications:
- Educational Background:
- Bachelor’s degree in Finance, Economics, Business Administration, or a related field.
- Experience:
- A minimum of 1-2 years of experience in trade finance, cash processing, or transaction services.
- Technical Skills:
- Familiarity with trade finance instruments such as Letters of Credit, Bills for Collection, and Guarantees.
- Proficiency in using banking software and trade processing systems.
- Communication Skills:
- Excellent verbal and written communication skills for client interaction and documentation purposes.
- Analytical Skills:
- Strong attention to detail and ability to analyze financial documents and transactions accurately.
Work Environment:
The role is typically office-based but may involve some interactions with clients and partners, especially for clarifying transaction-related issues. This role is essential in ensuring that all trade and cash management operations run smoothly, adhering to Citibank’s global policies and the local regulatory framework.
How to Apply:
To apply for the role of Cash and Trade Processing Representative at Citibank Nigeria Limited, interested candidates can visit the official Citibank Careers page and search for available positions by location or job function.
FAQs about the Cash and Trade Processing Representative Role at Citibank Nigeria
1. What are the main duties of a Cash and Trade Processing Representative?
The primary duties include processing trade and cash transactions, ensuring compliance with regulations, managing client inquiries, and maintaining accurate records for audit purposes.
2. What qualifications do I need to apply for this role?
Applicants typically need a Bachelor’s degree in Finance, Economics, Business Administration, or a related field. Additionally, having 1-2 years of relevant experience in trade finance or cash management is preferred.
3. How do I apply for this position at Citibank Nigeria?
You can apply by visiting Citibank’s Careers website, where you can search for open positions and submit your application online.
4. Does the role involve interaction with clients?
Yes, a Cash and Trade Processing Representative is responsible for resolving client inquiries related to trade and cash transactions. Good communication skills are crucial in this role to ensure efficient client servicing.
5. What is the typical career path for someone in this role?
After gaining experience in this position, individuals can move into more senior roles within the trade finance or cash management departments. Opportunities for advancement may also exist within Citibank’s global operations or related areas like treasury or compliance.
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For more information about Citibank Nigeria Limited and available roles, you can explore Citibank’s Nigeria branch.
