Liquidity & Investment Product Manager at Citibank Nigeria Limited

Citibank Nigeria Limited, the leading global financial services company, provides consumers, corporations, governments and institutions with a broad range of financial products and services.We are recruiting to fill the position below: Job Title: Liquidity & Investment Product ManagerJob ID: 17054259Location: LagosJob Function: Product ManagementSchedule: Full-timeShift: Day JobEmployee Status: RegularJob PurposeThe Liquidity and Balance Sheet Manager is responsible for the development and day to day management of the products assigned within account services, interest rate pricing and liquidity management.The role is also responsible for all cash management balance sheet activities including transfer pricing issues, and working with implementation to deploy Liquidity Management Solutions.Identify and drive implementation of liquidity management solutions to enhance growth in liabilities, meet the global liquidity management requirements of our global corporates within the constraints of local institutional framework and regulatory provisions.Be the catalyst for replication of existing Global liquidity management capabilities in Nigeria.Develop and consistently update Nigeria Country profile document, issue a Newsletter quarterly on market developments, new product roll-out by Citi within the quarter, information on market indicators and projected impact on the GTS Cash business.This role has major revenue responsibilities as account services accounts for over 50% TTS (Treasury and Trade Solutions) Nigeria Cash revenues.The Product Manager will be responsible for the management of the Cash Balance sheet. This implies a significant measure of accountability for business performance and to optimize the returns for Cash Management through policies in conjunction with Treasury and regional partners.Support other Product Manager in driving sales for market segments assigned in line with the penetration strategy of the TTS Cash business.Key ResponsibilitiesManagement of Cash Balance Sheet and Account Services PandL. Preparation of plans, forecast. Analysis of results vs Plan and providing explanation for differences.Participating in pricing/deal review and providing sales support. Consistently monitor account services pricing in line with market developments, proactively initiate price changes for review and approval and drive to closure in a timely manner.Preparation and execution of marketing plans.  Conducting marketing research whenever appropriate. Issue a quarterly newsletter to disseminate information on market developments, impact on the Cash business, provide regular updates on market and product information that impact account service revenues. Consolidate and provide information for senior management and to other stakeholders via the medium of the quarterly newsletter.Develop and implement an optimal TTS Hedge strategy. Initiate and effect re-pricing for enhanced returns on liabilities.Proactively manage current account balances within the context of the liquidity environment with a view to understanding the implications of rapid market changes and initiating appropriate responses for optimal returns for the TTS business.  Initiate and implement liability growth initiatives to enhance access to targeted liability pools in the market, in liaison with relationship management teams and Sales.Develop and understand cost structure of each product and propose alternatives to reduce expenses.Prepare and ensure Product Programs are approved in a timely manner.Product development and innovation including overall coordination with Legal, Operations, Technology, Client Delivery and Sales in order to make account services as successful as possible.Implement and manage analytical tools/processes for adherence with and optimization of transfer pricing policy. Work closely with Treasury to fine-tune and optimize transfer-pricing policy.Identify the investment needs of customers and develop investment products that address their liquidity management needs.Implement global Initiatives on liquidity and Investment management in Nigeria within the context of market regulations and system constraints. For example, The Global Concentration Engine.Develop a liquidity management product proposition by working with Legal, Operations and Treasury to evolve optimal account pooling structures.Year on year growth in current account liabilities in Lcy and Fcy. Projection to double average balances over the next 3 years.

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