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Credit Underwriter - Director

India, Mumbai · Job Posted June 17, 2026
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Job Description

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. The Senior Underwriter manages a team of corporate underwriters, covering large and complex relationships, being responsible for all underwriting activities, in partnership with Business and Risk. This role reports directly to the local head of Underwriting.

Job Responsibility

  • Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to: 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 junior resources and serve as a key point of contact for the team for escalations / guidance as required
  • Perform a detailed review of the 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 Memo (CAM) packages
  • Partner with front office on structuring and production of term sheet for new transactions
  • Facilitate relationships with key clients in Banking, Markets, and Risk (as applicable) and with key regulators, internal audit, and control functions
  • Support the Head of [pillar name] Credit Underwriting and the Head of ICM on strategic initiatives / projects as required
  • Senior credit approval authority covering large and complex underwritings, capital commitments, derivatives with multi-industry experience
  • Demonstrated expertise in and exposure to global credit risk management standards
  • Ability to understand 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 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
  • Proven experience of managing a team
  • 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

Requirements

  • 15+ years risk/risk-related credit work experience in banking/financial institutions, including 8+ years' managerial experience
  • 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.
  • Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies
  • Bachelor’s/University degree, Master’s degree preferred

Nice to have

  • Analytical Thinking
  • Credible Challenge
  • Financial Analysis
  • Governance
  • Policy, Procedure, and Regulation
  • Risk Management Lifecycle
  • Constructive Debate
  • Escalation Management
  • Policy and Procedure
  • Policy and Regulation
  • Product Knowledge
  • Risk Controls and Monitors
  • Risk Identification and Assessment

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