This role is responsible for Citi Treasury supervision of Citi \xe2\x80\x98s legal entities in the North Africa, Levant and Central Asia cluster (Algeria, Tunisia, Morocco, Egypt, Jordan, Lebanon, Turkey, Kazakhstan, and Israel).

The candidate will be responsible for oversight of liquidity, Balance Sheet, capital and interest risk and will ensure that governance best practices are followed throughout the Cluster. The Cluster Treasurer must ensure that the Countries under his/her oversight adhere to local regulatory and to Citi internal liquidity policy requirements. The Cluster Treasurer will lead and will be a voting member of the Country ALCOs in the North Africa, Levant and Central Asia cluster.

Job Background/context:

The role is accountable for ensuring that Citi\xe2\x80\x99s North Africa, Levant and Central Asia cluster franchise has a robust liquidity and capital management practices, consistent with global policy and local regulatory requirements. In addition, this role is responsible for the effective management of balance sheet resources within Citi\xe2\x80\x99s legal entities in the cluster.

The Cluster Treasurer develops medium to long-term plans and executes functional strategies for a large/complex country, cluster of countries. Cluster Treasurer provides input into strategic decisions affecting the Franchise and balance sheet and holds management responsibility and authority to make independent decisions on issues/activities related to country liquidity, including the management of the liquidity portfolios.

The role requires a substantial amount of interaction with stakeholders across the organization and is a key leadership position within EMEA Corporate Treasury. The Cluster Treasurer will report to the MEA Regional Treasurer.

The position is based in Dubai.

Key Responsibilities:

ALCO Leadership & Balance Sheet

• Voting Member of country ALCOs, ensuring the local ALCO is effective in driving appropriate allocation and use of financial resources, addressing franchise wide liquidity requirement, stakeholders are engaged, balance sheet topics are covers and governance best practices are followed
• As ALCO leader, Cluster treasury is expected to provide oversight of Balance sheet health and follow on going strategies. Monitor balance sheet evolution, plan and requirements to ensure alignment with Citi Priorities and objectives. Engage Country Treasurers and local businesses in achieving balance sheet optimization

• Work with the CCO, Country Treasurer and country businesses to ensure the optimization of current and future balance sheet usage across businesses with respect to returns, while maintaining prudent structural liquidity, appropriate market risk positions, as well as monitor consistency with Plan, MYF and CCAR cycles
• Oversight of stress testing exercises, including exposure level and metrics trends. Escalate to Regional Treasurer or Country Management attention where necessary
• Oversight of securities owned by the country and the funding for them, to ensure appropriate allocation and use of financial resources
• Oversight of Country Treasurer MCA and monitor quarterly Country Treasurer attestation, ensuring strong governance framework over Country Treasurers through Country Treasurer MCA, goal setting and Country Treasurer Governance policy
• Ensure consistency of approach and support standardization of practices where needed, including ALCO, liquidity and Asset and Liability management, or other global treasury initiatives

Liquidity

• Oversee funding, capital, liquidity and interest rate risk for the Citigroup legal entities within the cluster
• Maintain a strong control environment and in compliance with both internal and regulatory requirements through daily monitoring of liquidity and escalate to Regional Treasury when required
• Review of Country Funding and Liquidity Plans as required by Global Liquidity Risk Management Policy including fungibility and inter affiliate transactions
• Ensure countries maintain effective and current Contingency Funding Plan
• Monitor macroeconomic and geopolitical headwinds in the region to make sure the balance sheet remains liquid under stress scenarios
• Closely coordinate with Regional Treasury and country teams to help roll out global initiatives and provide support to meet MRA requirements in the Cluster

Fund Transfer Pricing

• Ownership and approval authority of the FTP at country level, clearly articulating country\xe2\x80\x99s FTP / LTP requirements and be the final decision authority on the recommendations of FTP / LTP proposals for approval from Country ALCOs, Regional Treasurer and Regional ALCO.
• Ensure consistent application of funds transfer pricing policies

Capital

• Drive Capital and Dividend repatriation plan requirements
• Make certain that local entity dividends equate to 100% of net income remittable earnings for the current / prior year unless explicitly granted forbearance through the annual Capital Plan process, or a Legal Entity Capital Request (LECR).

Development Value:

This role will require strong and thoughtful leadership skills to lead the Treasury Function in the Cluster. It will present an opportunity to further enhance ability to influence decision taking through better leadership and communications skills.

It will provide the successful candidate with:

• Substantial interaction with Country and Regional Management, including local CCO\xe2\x80\x99s, Country Treasurers and business Cluster heads.
• The opportunity to influence and present at forums including Country Alco
• The ability to make a significant contribution to ensuring the firm meets its financial target through efficient use of balance sheet
• The opportunity to understand the regulatory requirement impacting Treasury both locally and globally
• The ability to be an influential decision maker on the utilization and planning of resources to support the Citi franchise

Exposure to a broad range of business areas and products

Knowledge/Experience:

• Prior Treasury and /or Finance experience required
• Experience operating at a senior level with deep and robust history of meaningful engagement with senior leader, regulators and rating agencies
• Knowledge of capital market, transaction services and securities is desirable
• Understanding of Citi legal entity structure, systems and businesses

Skills:

• Strong and proven analytical skills
• Excellent oral and written communication skills
• Ability to handle tight deadlines and multi-task
• Ability to work under pressure and to prioritise objectives
• Must be able to understand complex financial concepts and distil into clear, concise and simplified concepts.
• Experience with understanding and preparing analytics for a senior audience

Qualifications:

• University degree in Finance, Economic or Accounting or postgraduate degree in similar disciplines.
• English language at proficient level both written and oral. Other languages are a plus
• English language at proficient level both written and oral. Other languages are a plus.

Competencies:

• Comfortable communicating across teams and geographies, taking into accounts cultural sensitivities and diverse working practices
• Ambitious and willing to learn. Able to quickly assimilate new information
• Able to manage situations where conflicts of interest may arise.
• Able to act as a partner to the businesses
• Ability to take decision and/or escalate when appropriate.
• Able to deliver results and meet objectives within a defined timeframe

Job Family Group: Finance



Job Family: Balance Sheet Management



Time Type: Full time



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.

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