Institutional Credit Management - Underwriter – Assistant Vice President

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Job Overview

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Institutional Credit Management (ICM) is a first line of defense function (1LOD) that houses and consistently manages credit risk activities performed for Citi’s institutional clients. Within ICM, the Credit Underwriting function provides credit analysis, underwriting, and first line of defense credit approval for periodic / material transaction reviews, and the subsequent credit monitoring across all institutional business including Banking, Services, and Markets relationships.

Citi is seeking a highly qualified and motivated individual to join the ICM team as a Senior Underwriting Analyst (AVP). The Senior Underwriting Analyst (AVP) will be responsible for the comprehensive assessment and management of credit risk associated with Citi's Large Corporates portfolio. This role offers a unique opportunity to contribute to the prudent management of risk within a critical segment of the global economy.

In this role, you’re expected to:

• Independently perform assigned responsibilities with some supervision and limited Underwriter oversight on credit memos

  
  

• Maintain coverage of a medium-to-high complexity portfolio of obligors under the guidance of an Underwriter

  
  

• Prepare Annual and Quarterly review memos to accurately and concisely analyze complex credits

  
  

• Author medium to high complexity transaction memos 

  
  

• Propose internal credit ratings and classifications by applying internal models and analytical guidance accurately

  
  

• Identify material changes in financial performance or other credit events and recommend appropriate actions, if needed, to Internal Risk Rating 

  
  

• Develop projection models and appropriately articulate projection model assumptions during Annual Reviews and, Transactions

  
  

• Ensure timely completion of remediations identified during the internal testing process

  
  

• Serve as SME on various internal policies and procedures

  
  

• Ensure compliance with key KPIs

  
  

• Assist with ad hoc projects

  
  

• Timely completion of all mandatory compliance / analytical trainings

  
  

• Provide informal mentorship to analysts

  
  

• Demonstrated commitment to professional development and continuous learning 

  
  

• Ability to manage and monitor a portfolio encompassing the timely and accurate production of credit approval memos and the completion of complex due diligence on new and existing clients

  
  

• ­Ability to interpret and apply internal credit policies and procedures 

  
  

• Adherence to the highest ethical standards and a commitment to Citi's core values 

  
  

• Ability to communicate effectively with diverse audiences

  
  

• Strong interpersonal and relationship-building skills 

  
  

• Ability to multi-task and have strong time management abilities

  
  

As a successful candidate, you’d ideally have the following skills and exposure:

• 6-10 years of experience, specifically in credit-related roles within Banking, Credit Risk Management, or a comparable field

  
  

• Strong skills in financial analysis, including proficiency in interpreting financial statements and identifying key risk indicators

  
  

• Proficient in identifying key financial and non-financial risks in their portfolio

  
  

• Proficient in modeling techniques with an understanding of modeling principles

  
  

• Working knowledge of standard product documentation (ISDAs, credit/facility agreements, amongst others)

  
  

• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint)

  
  

Education:

• Bachelor’s/University degree or equivalent experience.

  
  

• MBA or CFA or CA preferred

  
  

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group: Risk Management

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Job Family:Credit Risk

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Time Type:Full time

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Most Relevant Skills Analytical Thinking, Constructive Debate, Escalation Management, Financial Analysis, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

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Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.

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