Institutional Credit Management (ICM) is a key pillar of the Client Organization and stands as Citi's first line of defense in-business credit risk function, overseeing all wholesale credit risk activities for institutional clients by delivering integrated, end-to-end excellence in wholesale credit underwriting, identification, measurement, management, and monitoring across the enterprise. The Credit Underwriting function (ICM UW) provides best-in-class credit analysis, expert underwriting, and first line-of-defense credit approval for periodic and material transaction reviews, alongside credit monitoring for Corporate Banking, Commercial Banking, Services, and Markets relationships, thereby safeguarding Citi’s credit exposures while helping drive new business with clients.
The Real Estate Structured Credit Underwriting (RESCU) EMEA head manages a team of underwriters, covering large and complex relationships within Asset Backed Securitization and Financing, Credit Finance, Secured Lending Investment and Citi Treasury Investments Portfolios in EMEA, being responsible for all due diligence and underwriting activities, in partnership with Spread Products Business and Risk. This role reports directly to the Head of ICM RESCU Underwriting.
Key Responsibilities:
Executes, aligned with global and regional strategies, all responsibilities regarding underwriting,
including, but not limited to:
1. Adoption of leading practices in credit analysis, underwriting, and monitoring, including the end-to-end underwriting process, from early origination discussions to development of credit approval memos, and senior approval forums
2. Manage junior resources and serve as a key point of contact for the team for escalations / guidance as required
3. Perform a detailed review of the financial analysis, due diligence, projection modeling, stress testing, risk rating, and other in-depth analysis performed by junior resources
4. Review and approval of Credit Approval Memo (CAM) packages
5. Partner with front office on structuring and production of term sheet for new transactions
6. Facilitate relationships with key clients in Banking, Markets, and Risk (as applicable) and with key regulators, internal audit, and control functions
7. Support the Head of RESCU Credit Underwriting and the Head of ICM on strategic initiatives / projects as required
Risk Management Experience:
8. Senior credit approval authority covering large and complex underwritings, capital commitments, derivatives with multi-industry experience
9. Demonstrated expertise in and exposure to global credit risk management standards
10. Ability to understand capital markets products and complex financing and product structures
11. Ability to provide strategic insights and strong sensitivity to macro and regulatory issues, and impact of such issues on the various Risk families, including operational and franchise risks
12. Able to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with banking and product organizations
Client Relationships / Business Partnership:
13. Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices of competitors
14. Navigates organizational complexity and breaks silos
15. Creates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functions
16. Proven experience of managing a team
17. Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships
18. Proven track record of partnering with global peers in leveraging and implementation of best practices
Qualifications:
19. Extensive experience, including strong managerial experience
20. Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit
21. Demonstrates strong ethics and integrity
22. Ability to see the ‘big picture’ in a complex environment
23. Can make decisions under pressure and short timeline
24. Excellent verbal & written communication skills. Active listening skills.
25. Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies
26. Bachelor’s/University degree, Master’s degree preferred
------------------------------------------------------
Job Family Group:
Risk Management
------------------------------------------------------
Job Family:
Credit Risk
------------------------------------------------------
Time Type:
Full time
------------------------------------------------------
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.
------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
------------------------------------------------------