Global Industry Head of Natural Resources Underwriting
Job Profile: Underwriter C16
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 wholesale credit businesses including Banking, Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS).
The Global Head of Natural Resources manages a team of Corporate Underwriters, covering large andplex relationships globally, being responsible for all underwriting activities, in partnership with Banking and Markets and Risk. This role reports directly to the Global Head of ICM CDM Credit Underwriting. Natural Resourcesbines a sub industry vertical from Energy andmodities, Power, Chemicals and Clean Energy Transition with teams based in London, New York City and Houston.
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 Manage resources and serve as a key point of contact for the team for escalations/ guidance as required Detailed review of financial analysis, due diligence, projection modeling, stress testing, risk rating and other in-depth analysis performed by junior resources Review and approval of Credit Approval Memos (CAM) packages Partnering with Front Office on structuring and production of term sheet for new transactions
2. Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
3. Support the ICM CDM Underwriting Global Head on strategic initiatives/projects as required
SPECIFIC RISK EXPERIENCE:
4. Senior credit approval authority covering large andplex underwritings, capitalmitments, derivatives with multi-industry experience
5. Experience in and exposure to global credit risk management standards
6. Ability to understand capital markets products andplex financing and product structures
7. 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
8. 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:
9. Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices ofpetitors
10. Navigates organizationalplexity and breaks silos
11. Creates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functions
12. Proven experience of managing a team
13. Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships
14. Proven track record of partnering with global peers in leveraging and implementation of best practices
QUALIFICATIONS:
15. 15+ years relevant work experience in banking/financial institutions, including 10+ years' managerial experience
16. Senior Credit Officer designation is strongly preferred
17. Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit
18. Demonstrates strong ethics and integrity
19. Ability to see the 'big picture' in aplex environment
20. Can make decisions under pressure and short timeline
21. Excellent verbal & writtenmunication, active listening, organizational, and interpersonal skills.
22. Excellent presentation skills - adept at presenting effectively to audiences of various sizes and various constituencies
23. Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies
24. Must work well under tight deadlines, manage priorities, andplete assigned tasks with minimal guidance and management follow up
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Credit Decisions------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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Job ID 24736848