Credit Risk Underwriter

Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a first line of defense business line, to house and consistently manage credit risk activities performed for Citi’s institutional clients. ICM’s objective is to provide integrated end-to-end credit underwriting, identification, measurement, management, and monitoring for wholesale credit across the enterprise. Within ICM, the Credit Underwriting function (ICM UW or UW) provides credit analysis, underwriting, and first line of defense credit approval for periodic / material transaction reviews, and any necessary subsequent credit monitoring across all institutional business including Corporate Banking, Services, and Markets relationships.

ICM Credit Analysts are responsible for a portfolio of relationships, owning the production of credit risk analysis for those relationships, and being responsible for the continuous monitoring of that portfolio. This production includes annual reviews, quarterly reviews, and support to ad-hoc transactions and other credit deliverables.

A Credit Analyst is expected to have a strong understanding of credit risk, of Citi’s internal policies and procedures, and of being relatively knowledgeable about the industry fundamentals that the portfolio belongs to. They should need some supervision from Jr. and Sr. senior UWs, especially on more sensitive and complex credit situations, and be able to carry thoughtful conversations with partners.

This role has responsibility for the NAM Diverse Financials portfolio inclusive of Non-Bank Financial Institutions (NBFI), Fin Techs and Financial Market Infrastructure (FMI) counter parties.

• Assess the credit and financial strength of Citi’s Large Financial Institutions Clients by performing fundamental credit analysis of counter parties using both quantitative and qualitative factors
• Complete Credit Approval Memos (CAMs) and Final Obligor Risk Ratings (FORR) of Citi’s Counter parties based on independent assessment and judgement; completed based on the due diligence of the client and industry knowledge to provide appropriate extensions of credit remaining within Citi’s risk appetite
• Continuous monitoring of the covered portfolio, including following industry trends, impacts to key relationships, and escalation of potential credit issues to Team Leads, senior management, and business partners
• Partnership with applicable regional and industry stakeholders in in the implementation of credit assessment and monitoring standards for applicable portfolios
• Support ICM Risk Analysis Voice of the Employee (VOE) initiatives
• Travel (less than 10%)

• Risk & Credit Underwriting:
  • Intermediate analytical skills, including an understanding of key financial components (liquidity position, leverage profile, etc.) with the ability to identify root causes and trends and anticipate horizon issues
  • Demonstrates considerable knowledge of financial statements and GAAP accounting or similar governance relating to country of operation
  • Displays robust industry research capabilities, including risk and key drivers
  • Strong understanding of Credit Policy and procedures; proactively refers to resources as needed
  • Demonstrates ability to identify potential risk issues that need escalation and escalates them promptly

• Leadership:
  • Displays a deep commitment and positive attitude to Citi and colleagues, is reliable, and eager to do more
  • Embraces the need for change and appreciates its benefits with natural curiosity
  • Demonstrates professionalism by being reliable, actively contributing to meetings, asking questions, and challenging ideas

• Interpersonal:
  • Strong interpersonal skills, with the ability to build relationships
  • Strong organizational skills with ability and willingness to work under pressure and manages time and priorities effectively
  • Solid written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority

• Technical:
  • Proficient Microsoft Office (Word, Excel, and PowerPoint) skills
  • Progressive experience with the internal Policies, Standards, Procedures,…