Job Summary
The role is Head of Public Sector South Africa which sits in the Corporate Bank. It is a Director senior management-level position based in South Africa.
Responsibilities:
- Senior relationship management of Public Sector clients and providing a wide range of treasury and corporate finance solutions.
- Lead in the origination, structuring, and execution of transactions across the entire product spectrum
- Ensure planning, coordination and oversight across the main Public Sector segments, e.g. central governments, central banks, SoEs etc.
- Ensure efficient use of capital and appropriate returns
- Responsible for meeting revenue goals and other goals related to budget, risk management, and credit allocation.
- Act as first line of defence, appropriately assessing risks, demonstrating consideration for the firm's reputation, driving compliance with applicable laws, rules and regulations, and adhering to Policy. You will apply sound ethical judgment regarding personal behaviour, conduct and business practices, and escalate, manage and report control issues, as well as effectively supervise the activity of others.
- Recruit and develop diverse talent for the franchise and serve as a mentor to junior bankers
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citi, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
- Extensive level of experience in financial services, and in serving large and complex clients
- Demonstrated collaboration with multiple stakeholders
- Comprehensive knowledge of corporate banking business including related products, pertinent regulations and the lending and credit approval process
- Demonstrated leadership, organizational, negotiation, presentation sales, client-relationship building, analytical and credit skills
- Consistently demonstrate clear and concise written and verbal communication
- Experience in originating, structuring and executing transactions and financings
- Demonstrated intellectual interest in public sector challenges and topics
Education:
- Bachelor's degree/University degree or equivalent experience
- MBA or Master's Degree in business preferred
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Job Purpose :
The Associate is an intermediate-level position in the Southern Africa & Oceanic Islands (SAIO) portfolio within the HMC/FI SSA Corporate Bank cluster that provides coverage of 7 Hub Managed Countries (HMC). The overall objective of this role is to act as a strategic advisor to our clients, provide oversight, strategy setting and drive for the respective Southern Africa & Oceanic Islands (SAIO) portfolio.
Job Background/context :
The HMC/FI role is the relationship management lead for clients in various sectors primarily, financial institutions and non-bank financial institutions, Government, and public sector. It is product agnostic but is primarily focused on transactional banking products (including Cash, Trade and Security Services), foreign exchange and capital raising across the DCM and CMO product families to name a few key product contributors. On a selective basis, coverage will also be extended to Corporates (both public & private) in the HMCs.
This job is one of the important revenue contributors to the HMC/FI Business in SAIO.
Key Responsibilities :
- P&L / Business management responsibility for the assigned HMC/FI portfolio within SAIO Region (2-3 countries & progressively others)
- Act as a trusted advisor to HMC/FI SAIO Unit Head, on business trends and opportunities available in the market.
- Supporting the HMC/FI SAIO Unit Head and as and when required deputise in absence of Unit Head.
- Driving origination and managing a complex & senior client base including the CEOs & International Division Heads of Banks; Governors of Central Banks and Senior Government officials in various Ministries especially Ministry of Finance.
- Working with key product partners in TTS/Markets/DCM/CMO/IB & others as needed to drive the various product agendas across this client base.
Portfolio Risk Management (both credit & country risks) as the “first line of defence” for the business including:
- Sponsoring Credit officer for the respective portfolio
- Active & lead contribution to Country Risk Reviews for HMC countries (where XB risks are discussed, and limits & watch list status of countries re-validated)
- Periodic engagement on Portfolio Management Plan for SAIO region, and
- Managing credit risk from the portfolio & clients as appropriate / required.
- Compliance / AML responsibility (KYC Renewal) for the portfolio ensuring pristine compliance standards are adhered to across this high AML risk portfolio.
- Support in the coordination & providing input into HMC Governance forums.
- Provide PAM back-up to Group Relationships managed under the SAIO region. Develop & sustain customer satisfaction and loyalty at high levels
- Ensure adequate return on assets that meets hurdle rates on capital
- Ensure compliance with laws, regulations and corporate policies in respective countries of coverage
- Drive a high performance culture through development, coaching and management of Relationship Analyst (RA) team in SAIO region.
Knowledge/Experience/Qualifications :
- Bachelor or Masters (preferred) Degree in Business, Finance, Economics, Accounting, Engineering, and Maths etc. (other areas of specialization will be considered on a case-by-case basis).
- English pro-efficiency is mandatory, multilingual (Portuguese, is beneficial).
- Prior work experience in Citi or other financial services experience in the areas described above (Business, Risk, Banking, and TTS) a strong plus. Minimum of 3-5 years of work experience
- Strong analytical & credit skills a plus.
- Good understanding of Corporate Banking processes
Personal Attributes
- Self-starter / self -motivated individual
- Independent and strategic thinker
- Strong inter-personal skills
- Ability to prioritize and work under pressure
- Attention to detail
- Flexibility and Openness
- Collaboration/ Teamwork
- Process focus
Skills:
- Business builder with a good track record to prove it.
- Strong communication & presentation skills
- Client Management skills at C-suite level
- Good product and process understanding of TTS/FXLM (including derivatives), DCM/CMO etc.
- Working knowledge of corporate banking products and credit policies/ procedures
- Credit Skills – understanding of financial statements and ability to perform financial analysis/ modelling/ credit appraisals.
- Strong spreadsheet skills
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