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Citibank, N.A. seeks a Remedial Management Officer for its New York, NY location. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite in accordance with Citi policies and protocols. 40 hrs./wk.
Job Responsibility:
Prepare corporate valuation and restructuring analysis for stressed and distressed assets and situations, including the determination of write-off, reserve and risk of loss amounts that directly impact the P&L of the firm
Take ownership of designated projects relevant to the Team's business
Support major project and/or report (e.g. CCAR, Model Risk Management Report, Portfolio Reviews, etc.)
Mentor analysts and associates within the team
Assess liquidity, debt capacity and other areas of financial and operating performance to evaluate areas of weakness and potential for turnaround, which is measured by setting and monitoring appropriate classification triggers
Model company financial positions to determine appropriate debt structure and accurate debt value using the most appropriate valuation methodology
Track ongoing performance of classified credits, reporting to senior credit and business management
Prepare quarterly classification documents with detailed financial and credit analyses in order to maintain appropriate classifications of Corporate and Commercial classified exposures
Work closely with other Special Assets colleagues (Senior Transactors and SCO-level Transactors) to remain coordinated on the restructuring/valuation process and assess likely restructuring scenarios
Liaise with internal business and product areas in the bank, as well as external fund managers, advisors and consultants to develop deeper industry expertise
Assist with compliance with End User Computing (EUC) and Model Risk Management (MRM) Policy
Requirements:
Bachelor’s degree, or foreign equivalent, in Business Administration, Finance, Banking, Economics or a related field
Five (5) years of experience in the job offered or in a related finance occupation analyzing and evaluating financial statements and corporate valuation techniques
Five (5) years of experience must include: Analyzing and evaluating financial statements and business plans, across a range of industrial sectors
Supporting corporate and debt structuring, with a particular understanding of bank loan documentation
Assessing risk profiles of all credit products
Utilizing strong credit analysis and corporate financial modeling, including a range of valuation techniques (e.g. DCF, Comparable Companies, Comparable Transactions, etc.)
Handling Risk assessment and quantitative analysis
Utilizing Financial Modelling with intermediate Excel knowledge
What we offer:
medical, dental & vision coverage
401(k)
life, accident, and disability insurance
wellness programs
paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays