Posted:
9/4/2024, 5:32:48 AM
Location(s):
Las Vegas, Nevada, United States ⋅ Nevada, United States
Experience Level(s):
Expert or higher ⋅ Senior
Field(s):
Finance & Banking
Citi Commercial Bank - Institutional Credit Management Counterparty Credit Risk – Funds Underwriting Credit Officer, Asset Management Companies, VP
Description
Citi’s Commercial Bank (CCB) is a rapidly growing business, targeting emerging, mid- and larger-sized companies with annual revenue generally from $100 million to $3 billion. Institutional Credit Management (ICM) is a critical component of Citi’s First Line of defense for wholesale and counterparty credit risk (CCR) management. ICM works with the CCB and Independent Risk teams to ensure best-in-class risk and controls, and client responsiveness. Within ICM Counterparty Credit Risk (CCR), Funds Underwriting (UW) is a global team responsible for measuring, monitoring and controlling counterparty risk for Funds. To facilitate the CCB’s wholesale lending activities, we are seeking a dynamic and motivated credit professional to join the North America Funds Underwriting Team to serve our Asset Management Company clients that manage traditional real money funds, hedge funds, and private equity funds. . The position reports to the ICM CCR Funds UW Team and will based in NYC.
The Funds UW Credit Officer facilitates the end-to-end lending process and is essential for the delivery of a wide range of financial solutions to Citi CCB clients, working in direct partnership with Relationship Managers and Independent Risk, to execute on the firm’s and client’s business objectives. This can include working capital solutions, term loans and M&A financing, treasury and liquidity management services, foreign exchange, trade finance and interest rate derivatives. The primary responsibilities of Funds UW include credit underwriting, due diligence, structuring and documentation, and portfolio monitoring. As part of the business and in direct partnership with relationship coverage bankers, Funds UW provides thorough, objective analysis of the financial condition and credit worthiness of borrowers, including prevailing covered industry sector and product/market conditions, as well as the appropriate credit structure based on various risk considerations.
The Funds UW Credit Officer is responsible for approving and managing a material amount of credit risk associated with capital deployed across a variety of lending products appropriate for commercial banking relationships. The Funds UW Credit Officer is a critical partner in the pre-screening of pipeline opportunities with Relationship Management for assessing credit appetite and identifying key issues, providing structuring input on financing options, driving internal analytical work product and discussions on credit approvals, and maintain ongoing credit oversight of the lending portfolio relationships through quarterly and/or annual reviews along with covenant and other reporting monitoring, as applicable. The Funds industry/specialty vertical requires extensive knowledge of the unique sector/product drivers and key performance indicators to make well-informed credit underwriting decisions and proactively manage the portfolio based on a dynamic environment. The Funds UW Credit Officer provides sector and sub-segment insights for key internal and external stakeholders, contributes to industry-specific risk and portfolio content, including industry-level portfolio reviews, and leads the credit-specific risk assessments on new originations and portfolio requests.
The Funds UW Credit Officer role also requires an extensive understanding of various Citi Wholesale Credit (WCR) and CCB-specific credit policies, processes, and procedures, and how to apply these concepts consistently in practice, including ensuring the portfolio is appropriately risk-rated and classified, properly secured (if applicable) and that early warning signs are established and proactively addressed. A Credit Officer can advise or lead strategic projects for US or Global initiatives and provide critical inputs that direct the future of credit formation within the CCB. Additionally, the Funds UW Credit Officer identifies, creates and helps to deliver the necessary technical skills training to various teams across CCB and ICM to promote the development and application of credit skills, mentoring/managing junior and other support staff.
Key Responsibilities
Qualifications
Development Values
------------------------------------------------------
Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Credit & Portfolio Risk Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
New York New York United States------------------------------------------------------
Primary Location Full Time Salary Range:
$129,840.00 - $194,760.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
------------------------------------------------------
Anticipated Posting Close Date:
Sep 11, 2024------------------------------------------------------
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.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting
Website: https://www.citigroup.com/
Headquarter Location: New York, New York, United States
Employee Count: 10001+
Year Founded: 1812
Last Funding Type: Post-IPO Equity
Industries: Banking ⋅ Credit Cards ⋅ Financial Services ⋅ Wealth Management