Senior Vice President - Underwriter - (Structured Credit and Real Estate Underwriting) Job at Citi (Mumbai)

Job Description

The Senior Vice President position will hold a critical role within the Structured Credit and Real Estate Underwriting (SCREU) team administering a multi-billion dollar portfolio of real estate including conventional and affordable housing as well as related real estate sectors such REITS/REOC, casino/gaming, and homebuilders. The role is a senior position responsible for leading and coordinating a team of Analysts and Associates, providing overseeing the work of the juniors, quality assurance, timely delivery, and analytical rigor, liaising with Origination, other Institutional Credit Management teams, and Independent Risk; conducting credit reviews and monitoring the portfolio to identify credit migration. Knowledge of real estate underwriting terms, industry standards and methods as well as the ability to train and develop a team of asset managers and underwriters is critical. The SVP will be responsible for all underwriting activities including memo production, transaction diligence, oversight/staffing responsibilities and quality control of a team of ~15.

Job Responsibility

Accountability for ensuring strong analysis of the assigned Real estate portfolio ensuring consistencies with industry leading practices and compliance with all internal risk policies, standards and procedures
Interface with and support bankers in underwriting requests for commercial credit extensions for new and existing clients with ownership responsibilities for sound credit decisions and compliance with internal procedures/credit risk policy guidelines and standards
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
Supervise analysts and associates to perform periodic monitoring of the portfolio
Ensure maintenance of organized credit files for credit, regulatory, and compliance purposes and ensuring compliance with WCR policies and processes
Perform quality control of the approval memos to ensure accuracy and completeness of input
Ensures team monitors the ongoing compliance of assigned deals with the documented financing terms and conditions, portfolio performance and financial triggers and makes appropriate recommendations with the aim of identifying and mitigating credit risks
Ensure ongoing and timely feedback and coaching of junior team to sustain a strong credit culture and an unwavering commitment to excellence in analysis and execution
Provide support to Director and other senior team members, lead projects and initiatives in the wider team
Support the ICM Real Estate Underwriting Verticals (Citi Community Capital, CRE) on strategic initiatives/projects
Support VOE initiatives
Keep abreast of industry and market trends and customer-specific events

Requirements

13+ years of credit, portfolio management or product experience (preferably real estate underwriting or asset management) in a financial institution, rating agency, financial guarantor, or asset management firm
Experience in leading a team and in coaching and mentoring junior bankers
Excellent organizational skills, prioritizing capabilities, attention to detail, and the ability to complete assignments within required deadlines in a fast-paced environment
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
Pro-active disposition with ability to work autonomously and within a team
Typically deals with complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting needs
Requires good analytical skills in order to filter, prioritize and validate potentially complex material from multiple sources
Knowledge of wholesale loan (syndicated / bilateral) product and business, including an understanding of legal loan documentation, loan / funding mechanics, deal structure, funds flows, etc.
On track for internal Senior Credit Officer designation is a plus
Strong Microsoft Office skills. Modeling experience is a plus
Strong attention to detail – the candidate will have responsibility for reviewing Credit Agreements/ legal documents to ensure that all risk and business points are covered
Oral and written communications skills enabling the candidate to effectively interact with internal and external constituents of all levels
Proven track record of partnering with global peers in leveraging and implementation of best practices
Proven track record on managing individuals and teams on multiple locations, driving strong Culture and Thought Leadership through groups and functions
Strong awareness and adherence to the control environment including Quality Assurance and Quality Control
Proven culture carrier
MBA or CFA or CA

Nice to have

On track for internal Senior Credit Officer designation
Strong Microsoft Office skills
Modeling experience

What we offer

Global Benefits
Best-in-class benefits
Work-life balance

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Senior Vice President - Underwriter - (Structured Credit and Real Estate Underwriting)

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Senior Vice President - Underwriter - (Structured Credit and Real Estate Underwriting)

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