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Institutional Credit Management (ICM) is a key pillar of the Client Organization and stands as Citi's first line of defense in-business credit risk function, overseeing all wholesale credit risk activities for institutional clients by delivering integrated, end-to-end excellence in wholesale credit underwriting, identification, measurement, management, and monitoring across the enterprise. The Credit Underwriting function (ICM UW) provides best-in-class credit analysis, expert underwriting, and first line-of-defense credit approval for periodic and material transaction reviews, alongside credit monitoring for Corporate Banking, Commercial Banking, Services, and Markets relationships, thereby safeguarding Citi's credit exposures while helping drive new business with clients. The RESCU CCC Underwriting head manages a team of underwriters, covering large and complex relationships within the Citi Community Capital Portfolio, being responsible for all underwriting activities (including for new transactions, construction financing, conversions to permanent financing and all securitizations), in partnership with Spread Products Business and Risk. This role reports directly to the Head of ICM RESCU Credit 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 RESCU Credit Underwriting and the Head of ICM on strategic initiatives / projects as required
Requirements:
15+ years of experience, including 10+ 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