Credit Officer

The Wealth Lending business offers a diverse product range including Securities Based Loans, Residential and Commercial Real Estate (CRE) lending, Aircraft, Fine Art, Subscription Credit Facilities (SCF), Other Secured and unsecured facilities tailored to target market clients of Citi Global Wealth. As part of our efforts to strengthen and deepen our controls capabilities, we have established a new global organization called Wealth Credit Management (WCM) that serves as the First Line of Defence and In-Business Risk oversight including underwriting, portfolio management, quality control and transaction management.

WCM will work closely with our CGW Lending teams to serve as a critical component of our First Line of defence for credit risk management and will work with our Independent Risk partners to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities will include credit analysis, documentation, risk identification, monitoring and administration associated with CGW wholesale lending activities.

The scope of responsibilities and scale of this team will evolve over time to continue to meet our needs. WCM's mission is to provide best-in-class credit analysis and monitoring which is risk-differentiated, thoughtful, timely, and which conforms to applicable local and global regulatory expectations for safety and soundness in their relevant jurisdictions. WCM Head will coordinate with Institutional Credit Management (ICM) and other credit management groups across Wholesale/ICG, Retail/Consumer and Counter party Credit Risk to ensure full alignment on business and regulatory goals, as well as consistency and best practices where appropriate Europe, Middle East, Africa ("EMEA") Wealth Credit Management Head

• The EMEA Head of Wealth Credit Management will be a key member of Global WCM Leadership team as well as the Wealth Lending 'Extended' Leadership Team within Citi Global Wealth.
• The incumbent of this role will be tasked with leading a team of over twenty credit professionals with primary responsibility to perform the analysis and deal structuring for the credit approval, deal execution and closing, as well as ongoing portfolio monitoring, amendments and renewals. The team will co-ordinate closely with the Lending Advisors to support new and existing Wealth Lending relationships.
• Drive the development of the regional WCM function including recruitment of top underwriting talent and, organisational enhancements as the scope of responsibilities and scale of this team evolves over time to continue to meet the lending needs of Citi Global Wealth.
• This is a highly demanding role, requiring strong leadership, governance and oversight founded on exemplary lending and underwriting experience as well as knowledge and experience of Citi's Credit Policies, Standards, and Procedures, risk management practices and regulatory expectations., Interpret the global strategy and drive execution of frameworks, programs and technological solutions to for the EMEA Region achieve the following key mandates:
• Define, establish and manage scalable end-to-end processes for the core production pillar. Specifically, this would include + Credit Analysis and Production:
  Develop and manage an organization that effectively engages with Lending Advisors and independent Risk Managers (2nd line) to effectively underwrite and document new originations / extension of credit exposure together with increases and other amendments. Deliver best-in-class credit analysis including financial review, risk ratings, classification, and collateral review that meets regulatory requirements, Citi standards and client deadlines. + Legal Documentation: provide expertise around credit terms and internal policy expectations and ensure that these are effectively captured / monitored + Accuracy and completeness of Credit Data: ensure that data captured in our credit infrastructure are in-line with the approvals and conform to credit documentation + On-going monitoring: deliver timely high-quality analysis of existing exposures including completion of annual client reviews, quarterly portfolio reviews, and other locally required approvals.
  
  + Escalations: ensure timely tracking and escalations around exposure monitoring breaches, documentation deficiencies, collateral and covenant tracking + MIS and Reporting:
  Developing analysis tools to measure critical production and control metrics to drive credit and portfolio actions including but not…