Credit Group Manager - Mumbai

Credit Group Manager - Mumbai Job Req :

Mumbai, Maharashtra, India

Hybrid

Sep. 04, 2026

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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 Underwriting Staffers manage a team of UW analysts and act as underwriter covering its own portfolio of relationships, being responsible for the continuous monitoring of that portfolio. That includes the production of annual reviews, quarterly reviews, and the support of ad-hoc transactions and portfolio & industry reviews and stress testing, in partnership with Business and Risk. The portfolio consist mainly of Public Sector entities.

The coverage will include Governments, Central Banks, Government owned entities operating across different industries and Development Financial Institutions.

Key Responsibilities:

Executes, aligned with global and regional strategies, all responsibilities regarding underwriting,

including, but not limited to:

• Lead execution of credit approvals, prepares and leads discussions with Risk and escalation within 1
  
  LOD; underwriting and monitoring of a portfolio of corporate clients, from early origination discussions to the development of credit approval memos and senior approval forums
• Undertake comprehensive review of financial analysis, due diligence, projection modeling, stress testing, risk ratings and other in-depth analysis performed by junior resources (UW analysts)
• Provide Underwriting sign-off and recommendation for transactions requiring senior approval
• Has industry expertise and ability to discuss relevant macro and micro issues within coverage portfolio
• Partner with Front Office on structuring new transactions and negotiating legal documentation − Build strong working relationships with key partners in Banking, Risk and with key regulators, audit/control functions
• Lead credit conversation with both internal and external auditors related to coverage
• Manage direct reports, tracks workload and helps to find staffing solutions to bottlenecks and urgent deliverables in cooperation with Underwriters
• Cultivate and guide analysts, fostering team strengths and address developmental areas
• Ensure highest standards of quality and accuracy of credit memos required to approve
  transactions or renew existing credit lines. Develop strong credit recommendations:
  appropriately assess counter party risk and transaction risks.
• Negotiate credit terms of ISDAs, collateral agreements, loan agreements and other trading documentation facilitating the execution of future business.
• Stay abreast of client needs in partnership with bankers. Maintain a clear and up to date
  view of counter parties under its own coverage anticipating positive or negative credit
  developments
• Support ICM Underwriting organization on strategic…