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    Institutional Credit Management - New York, United States - Citigroup Inc

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    Description


    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 provides 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, underwriting, first-line-of-defense credit approval and subsequent credit monitoring.
    The Underwriter is a professional role.

    Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function.

    Integrates subject matter and industry expertise within a defined area.

    Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business.

    Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information.

    Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required.
    Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual.


    Responsibilities:
    Ensure Credit Approval Memo (CAM) packages are complete, accurate and thoroughly documented.
    Support Senior Underwriters in making recommendations/credit decisions, including risk ratings and regulatory classifications.
    Conduct in-depth analyses of financial data and other information provided by clients.
    Conduct projection modeling, stress testing and other analyses using research and evaluations from a wide variety of sources.
    Assess deal strengths, weaknesses and risk factors.
    Ensure all transactions are follow regulatory and Citi guidelines, policies and procedures.
    Remain current on all aspects of the credit relationship, including exposure, compliance, and potential credit concerns.

    Oversee periodic relationship credit monitoring including Annual Reviews (ARs), Quarterly Reviews (QRs), and Criticized Credit Reviews (CCRs).Inform bankers of any deterioration in operating performance based on financial reporting.

    Support Senior Underwriters during internal reviews (FCR, COBRA, IA) and external regulatory exam responses.

    Ensure 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.


    Qualifications:
    3-5 years relevant experience.
    Previous experience working directly in Commercial Real Estate underwriting or credit preferably in the financial services industry.
    Ability to apply credit and risk principles toward business goals.
    Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency.

    Highly organized and able to work in a fast-paced environment managing multiple projects and possess effective interpersonal, organizational and analytic skills.

    Solid organizational skills with ability and willingness to work under pressure and manage 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.


    Education:
    Bachelor's/University degree or equivalent experienceThis job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.


    Job Family Group:

    Risk ManagementJob Family:
    Credit Decisions

    Time Type:
    Full time

    Primary Location:
    New York New York United States

    Primary Location Full Time Salary Range:
    $109, $163,680.00In 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 Available offerings may vary by jurisdiction, job level, and date of hire.


    Anticipated Posting Close Date:
    Apr 11, 2024Citi 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


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