By Michael Eboh
Citibank Nigeria Limited (Citi Nigeria ), in conjunction with the Chartered Institute of Bankers of Nigeria , recently concluded a 2-day industry risk management workshop titled â€˜Risk Management in Practice.â€™
Given recent events in the global and local financial industry which have been blamed partiallyÂ Â on poor or inefficient risk management systems, the workshop was aimed at exposing participants to renewed focus on risk management practices as a key driver in stabilising franchise operations and protecting institutions.
Participants from 20 financial institutions attended the training workshop which targeted senior and experienced corporate credit officers with over 10 years experience, as well as Senior Credit Officers, Senior Relationship Managers and Risk Analysts.
According to Citi Nigeriaâ€™s Country Risk Manager, Mr. Tariq Masaud, who facilitated the training workshop, â€œAs the Nigerian financial services sector continues to grow and expand, it is important that credit officers and risk analysts understand the critical role they play within the system; and understand that given the right skills and focus, they can protect their institutions and the industry from another crisis.â€
Knowledge transfer and training remains a key focus area for Citi. The bank is committed to exploiting its global knowledge resource towards updating and upgrading the skills and knowledge base of the Nigerian banking industry.
The bank continues to provide industry trainings in the area of Cash & Trade, Treasury (Bourse Game), and E-payments for government parastatals.
Key topics covered in the training include, Problem Recognition and Remedial Management; Target Market Selection; Complex Credit Issues and Stress Testing.Â Participants and other Facilitators were also able to share their experiences and provide valuable feedback and input on industry best practices.