Job Description
Discover your future at Citi
Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.
Job Overview
Institutional Credit Management (ICM), provide s 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 seasoned professional role.
* Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and workflow 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:
* Ensures 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
* Conducts i n-depth analyses of financial data and other information provided by the client
* Conducts projection modeling, stress testing and other analyses using research and evaluations from a wide variety of sources
* Assesses deal strengths and weaknesses and risk factors
* Ensures all transactions are in compliance with regulatory and Citi guidelines, policies and procedures
* Remains current on all aspects of the credit relationship, including exposure, compliance, and potential credit concerns
* Oversees periodic relationship credit monitoring including Annual Reviews (ARs), Quarterly Reviews (QRs), and Criticized Credit Reviews (CCRs)
* Notifies bankers of any deterioration in operating performance based on financial reporting
* Supports the Senior Underwriter and Underwriter during internal reviews ( BIC R, COBRA, IA) and external regulatory exam responses
* Expected 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:
* Relevant experience in underwriting
* 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
* Must be 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 manages 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 experience
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 ------------------------------------------------------
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.------------------------------------------------------
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