17 Oct
Citi
London
Job description
Citi continues to enhance its business control andernance 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 Corporate Banking,
Global Structured Products, Financings, and Securitizations (GSP-F&S;), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS).
The EMEA / APACmodities Credit Underwriter's ("EMEA / APACmodities UW") coverage will be two-fold : (i) the newly establishedmodities Managed Clients ("CMC") portfolio in the EMEA and APAC regionsprised of prospective and recently onboarded clients across industry sectors sponsored by themodities desk and (ii) large andplex Corporate Banking relationships within themodity Trader space.
The EMEA / APACmodities UW will be responsible for all underwriting activities related to these portfolios in partnership with themodities Desk, Corporate Banking, and Independent Risk.
KEY RESPONSIBILITIES :
Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to :
- Provide first line of defense credit approval for BAU transaction activity and take a leadership role in seeking second line Risk approvals
- Adoption of leading practices in credit analysis, underwriting, and monitoring, including the end-to-end underwriting process to include early origination discussions, development of credit approval memos, and senior approval forums in line with internal policies and standards
- Ensure Credit Approval Memo (CAM) packages are clear,plete, and accurate
- Detailed reviews of financial data, capital structure analysis, projection modeling, stress testing, and other in-depth analysis performed by junior resources
- Facilitate relationships with key internal stakeholders withinmodities, Banking, and Risk and with key Regulators, Internal Audit and control functions
- Support strategicmodities and Credit related initiatives / projects
- Ability to mentor and train junior team members
SPECIFIC RISK EXPERIENCE :
- Senior credit approval authority covering both small, large andplex underwritings, capitalmitments and derivatives with across multiple industries and geographies
- Deep experience in all aspects of credit underwriting including understanding of corporate finance and ability to modelpany financial statements.
Exposure to Natural Resources within a major banking institution a plus modity traders / marketers, energy, metals / mining, etc).
- Ability to work within the bank's Credit Risk Management framework, policies, and procedures
- Ability to conduct business due diligence and assess apany's specific strengths and weaknesses andpetitive position within its industry
- Ability to understand Markets and Capital Markets products andplex financing and product structures
- Ability to provide strategic insights with strong sensitivity to macro and regulatory issues, and impact of such issues on the various Risk families, including operational and franchise risks
- Strong written and verbalmunication skills with the ability to tailor messaging across stakeholder audiences within a global banking organization
- Independent problem-solving skills with the ability to adapt and prioritize workflows and meet deadlines created according to business and / or regulatory needs
- Ability to handle adversity, provide thoughtful challenge,
and effective feedback to the business at junior and senior levels and with the ability to adapt inferior transactions into approvable structures
- Invests in junior personnel through leading, training, and developing a tailored fundamental credit analysis skillset specific tomodity centric clients
- Bachelor's degree in Business Administration, Finance, or Economics preferred
- Knowledge of trading documentation (ISDA, EFET, etc) andpletion of Formal Credit Training a plus
CLIENT RELATIONSHIPS / BUSINESS PARTNERSHIP :
- Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices ofpetitors
- Navigates organizationalplexity and breaks silos
- Creates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functions
- Provides well-reasoned,
balanced assessments of risk / return trade-offs associated with transactions and client relationships
- Proven track record of partnering with global peers in leveraging and implementation of best practices
QUALIFICATIONS :
- Experience risk / risk-related credit work in banking / financial institutions
- Senior Credit Officer designation is preferred
- Self-starter with an entrepreneurial spirit excited to support a growing and dynamic business segment and portfolio
- Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit
- Demonstrates strong ethics and integrity
- Ability to see the 'big picture' in aplex environment
- Can make decisions under pressure and short timeline
- Excellent verbal & writtenmunication skills. Active listening skills.
- Demonstrated influencing and negotiating ability, resolution of conflicts amongst various constituencies
- Excellent presentation skills - adept at presenting effectively to audiences of various sizes and seniority levels
Job Family Group : Risk Management
Risk Management
Job Family : Credit Decisions
Credit Decisions
Time Type : Full time
Full time
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.
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Job ID 24753423
▶️ Commodities Credit Underwriter - MEA, UK, Europe and APAC - Senior Vice President at Citi
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📍 London