Corporate Credit Underwriter for Global Industries

Job 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’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 Banking, Capital Markets, and Advisory (BCMA), Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS).

The Corporate Credit Underwriter for Global Industries (“Global Industries Underwriter”) covers large and complex relationships within Corporates Developed Markets, portfolios with specialization on Commodities, and is responsible for all underwriting activities, in partnership with BCMA and Independent Risk (2nd line of defense). The role reports to the ICM Global Head of Underwriting for Energy and Commodities.

**KEY RESPONSIBILITIES**:
Executes, aligns with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:

- Provide first-line-of-defense credit approval for BAU transactions
- Supports the Global Industry Head for non-BAU transactions
- Ensures Credit Approval Memo (CAM) packages are complete and accurate
- Detailed reviews of financial data, projection modeling, stress testing, and other in depth analysis performed by junior resources
- 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
- Supports function’s close engagement with global and Regional Business Heads, Independent Risk, regulators, and other control functions
- Facilitate relationships with key clients in Banking and Independent Risk and with key Regulators, Internal Audit, and control functions
- Support the Global Industry Head on strategic initiatives/projects
- Support VOE initiatives

**SPECIFIC RISK EXPERIENCE**:

- Credit approval authority covering large and complex underwritings, capital commitments, derivatives with specific commodities industry experience
- Experience in and exposure to global credit risk management standards
- Proven understanding of capital markets products and complex financing and product structures
- 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
- Able to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with banking and product organizations
- Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit

**CLIENT RELATIONSHIPS / BUSINESS PARTNERSHIP**:

- Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices of competitors
- Navigates organizational complexity 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**:

- 10+ years risk/risk-related credit work experience in banking/financial institutions or commodity firms, with 5+ years experience in commodity transactions credit
- Senior Credit Officer designation or higher is preferred
- 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 a complex environment
- Can make decisions under pressure and short timeline
- Excellent verbal & written communication skills. Active listening skills.
- Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies
- Excellent presentation skills - adept at presenting effectively to audiences of various sizes and various constituencies
- **Job Family Group**:
Institutional Banking
- **Job Family**:
Investment Banking
- **Time Type**:
Full time
- Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard