Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization. ICM's objective is to provide integrated "end-to-end" credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise. Within ICM, the Credit Underwriting function (ICM-UW) provides analysis, greenlight, underwriting, first-line-of-defense credit approval and subsequent credit monitoring across all ICG wholesale credit businesses including Banking, Capital Markets, and Advisory (BCMA), Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS).
The ICM Underwriting portfolio stripes are responsible for all underwriting activities within that portfolio, being a key partner stakeholder, alongside the Business and Risk, in ensuring that all credit decisions are based on best-in-class industry practices, and delivered on a quality and timely basis to the satisfaction of Citi customers.
The ICM Real Estate Credit Underwriter assesses, structures and approves large transactions within assigned functional area for both business-as-usual and highly structured transactions in the wholesale credit space.
The ICM Real Estate Credit Underwriter reports directly to the ICM Real Estate Credit Senior Underwriter. KEY RESPONSIBILITIES:
- First Line of Defense Credit Approval for most BAU requests (SCOL2/SCO)
- Primary accountability for accuracy of relationship risk ratings and regulatory classifications
- Ensures Credit Approval Memo (CAM) packages are complete, accurate and thoroughly documented
- Conducts analysis and structuring of credit requests for clients and prospects
- In-depth analyses of financial data and other information provided by the client
- Conducts projection modeling, stress testing and other analyses using research and evaluations from a wide variety of sources
- Assesses deal strengths and weaknesses and risk factors
- Ensures all transactions are in compliance with regulatory and Citi guidelines, policies and procedures
- Remains current on all aspects of the credit relationship, including exposure, compliance, and potential credit concerns and engages with ICM Early Warning, Collateral Management, and Transaction Management teams on resolving exceptions
- Oversees periodic relationship credit monitoring including Annual Reviews (ARs), Quarterly Reviews (QRs), Criticized Credit Reviews (CCRs) including directing the content produced by ICM Credit Risk Analysts (IRAU)
- Notifies bankers of any deterioration in operating performance based on financial reporting
- Prepares internal (FCR, COBRA, and IA) and external regulatory exam responses
- Responds to examiner questions and requests for information regarding assigned portfolio.
- Prepares quarterly and annual risk reviews and tiering analyses as appropriate and as requested by CCAR/CCEL or equivalent applicable processes
- Expected to be fully conversant on safe and sound risk practices within Real Estate Credit including all policies, procedures, laws, regulations and risk limits specific to their Portfolio
- Travel required (up to 25%)
- Owns action plans to ICM Underwriting Voice of the Employee (VOE) initiatives
- Demonstratable financial services experience, including 7-10 years of credit experience in Banking or Credit Risk Management
- Deep knowledge of Wholesale Credit Processes and organizational awareness including ICM Underwriting functions, covered portfolios, and processes
- Proficient understanding of policies and procedures with the ability to execute change seamlessly
- Senior Credit Officer (SCO) or demonstrating the skills aligned with that designation
- Excellent and thorough knowledge of Citi's systems
- Significant experience in preparing presentations for seniors
- Outstanding awareness and adherence to the control environment including Quality Assurance and Quality Control
- Strategic orientation to ensure the ICM Underwriting organization continues to be positioned as a thoughtful and proactive partner on driving best practices to support safety and soundness within ICM and Citi
- Recognized as a skillful manager with a track record of building high performing teams
- Proven culture carrier
- Powerful interpersonal skills, with the ability to build relationships and exert influence with and without direct authority
- Solid organizational skills with ability and willingness to work under pressure and manages time and priorities effectively with little to no supervision
- Highly effective written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority
- Advanced Microsoft Office (Word, Excel, and PowerPoint) skills
Job Family Group:
- BA/BSc in Finance or Accounting or higher degree in Business (MBA), or any other related subject
Institutional Banking Job Family:
Investment Banking Time Type:
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