Home' Trinidad and Tobago Guardian : July 11th 2015 Contents A18
Guardian www.guardian.co.tt Saturday, July 11, 2015
Citibank (Trinidad & Tobago) Limited is seeking a qualified individual to fill the role of
COUNTRY CORPORATE OFFICER (CCO)
Citigroup Institutional Clients Group (ICG) is a leading provider of Cash Management, Trade and Treasury
Services, Securities and Fund Services, and Capital Markets products and services to financial institutions and
corporate clients around the world. With a global network spanning over 100 countries, we are uniquely
qualified to service clients with local and cross-border interests and provide integrated reporting and
The CCO role represents local Citi franchise as a whole, partnering together with all other local Citi executives
to ensure the protection and growth of Citi's country franchise. Main responsibilities are:
• Franchise Governance: direct responsibility for all local regulatory relationships, country risk management,
internal controls and corporate governance, including: to protect Citi's franchise and reputation in the
Franchise Management: responsible for providing a single coordinated face to the local marketplace -- One
Citi Leadership. Additionally, is responsible for presenting a consolidated budget, annual business plan and
strategic plan for their country, knowing and understanding the overall performance of business and
functions, facilitating cross business dialogue and opportunities and for senior client representation.
Business Management: manage the full country Profit & Loss, taking into account any legislative, regulatory
or other local related matter.
Safety and Soundness: accountable for the protection of Citi's people, franchise, reputation and premises
including: crisis management, decision making, escalation, and communications.
Business Scope includes: Trinidad, Barbados, ICG Bahamas and Un-branched territories which includes
Aruba, Bonaire, Curacao, Bahamas, Bermuda, BVI, Cayman Islands, Turks & Caicos, The Eastern
Caribbean, Guyana and Suriname.
Risk assessment (environmental, credit, portfolio, market, operating, process and people);
Communication skills (strategic and tactical, internal and external, multi-level);
Judgment (escalation, people, calm under pressure);
Influence skills that reflect the matrix reporting nature of Citi's global organization and business construct.
QUALIFICATIONS AND EXPERIENCE - Applicant must have a minimum of:
Masters from a recognized University in Business or a related discipline.
A minimum of eight (8) years experience and skill set developed through an understanding of all aspects
of the business.
International Market and Industry awareness with business administration and/or macro-economic
background: (Analytical, Numerical, Comfort presenting to customers and seniors).
Proven track record in Sales Leadership and attainment of targets
Worked extensively with diverse clients and cultures in Latin America
Ability to work independently, ability to multi-task and drive multiple assignments to completion
Excellent communication skills required to influence and negotiate with senior leaders (across functions
Strong trouble shooting/problem solving skills
Multi-Lingual - fluent in English and Spanish
BRUSSELS---Greece has submitted a 13-page set of
proposals to its European creditors that is intended
to act as a foundation to free up a new three-year,
€53.5-billion bailout package to save the nation from
bankruptcy. Here are the main points of the package
that the Greek parliament will debate.
The Greek government is pledging to stick to primary
surplus targets---meaning that the government is earning
more in taxes than it is spending---of 1 per cent this
year, 2 per cent in 2016, 3 and 3.5 per cent in 2017 and
SALES TAX REFORM
The proposals include a slew of tax hikes including
a 23 per cent value added tax on restaurants and
catering, a reduced 13 per cent tax on basic foodstuffs,
energy hotels and water and a so-called "super reduced"
rate of 6 per cent on such things as pharmaceuticals,
books and theatre---perhaps appropriate for a country
that pioneered drama. The new tax levels will kick into
gear this October.
Moreover, special tax breaks for the country s islands---
popular tourist magnets---will be scrapped. Only the
most remote islands will get to keep the coveted tax
Military spending will be slashed by €100 million
this year and double that in 2016. Corporate tax will
increase from 26 to 28 per cent and farmers will lose
preferential tax treatment and fuel subsidies. The gov-
ernment will enact a clamp-down on tax dodgers.
The country s huge shipping industry will also see
a tonnage tax hike and the industry s preferential tax
treatments will be phased out.
A luxury tax will be extended to cover recreational
vessels over five metres (16.4 feet) and the rate will
jump from 10 to 13 per cent.
The government is looking at reforms that would
bring permanent savings of ¼-½ per cent of gross
domestic product in 2015 and 1 per cent of GDP in
2016 and beyond. Measures aimed at achieving those
numbers include discouraging early retirement and
standardising the retirement age to 67 by 2022---except
for those performing "arduous jobs" and mothers
raising children with a disability.
Social pensions will be better targeted, while sup-
plementary pension funds will be financed by employ-
ees own contributions.
Perks such as a solidarity fund will be gradually
phased out and health contributions for pensioners
will jump from 4 to 6 per cent on average. More reforms
will kick in to make the pension system more sustain-
able, including an overhaul of pension contributions
for all self-employed.
Authorities will also vet reforms to make sure that
they re fair.
PUBLIC SECTOR REFORM
Authorities will shape up public sector wages to
ensure that they re on a downward trajectory by 2019
and that they fit "the skill, performance and respon-
sibility" of staff. Perks such as paid leave and travel
allowances will be streamlined to conform with EU
norms. A plan to make it easier to reassign public sector
workers to different posts wherever they re needed will
also be introduced. A new strategic plan to fight cor-
ruption will be drawn up by the end of this month
while new laws will make political party finances more
transparent and protect financial crime investigations
from political interference.
Amendments on insolvency laws will aim to get
debtors to pay up loans, while consultants will help
on how to deal with bad loans. Steps will also be taken
get foreign investors to pour their money into Greek
Greece proposes tax hikes, spending cuts
Greece's Prime Minister
Alexis Tsipras attends a
meeting with lawmakers
of Syriza party at the
Greek Parliament in
Athens, Friday. Tsipras will
seek backing for a harsh
new austerity package
from his party to keep his
country in the euro---less
than a week after urging
Greeks to reject milder
cuts in a referendum.
The government will open restricted pro-
fessions such as engineers, notaries and
court bailiffs. It will draw up laws aimed at
getting rid of red tape and making it easier
to get business licenses, while reforming the
The government will look at selling off
state assets and will get the ball rolling on
privatising the electricity grid company,
regional airports and ports including Pireaus
and Thessaloniki. (AP)
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