Structured Credit and Real Estate Underwriting Job at Citi (Mumbai)

Institutional Credit Management, In-Business Quality Assurance - Real Estate and Structured Credit Underwriting

Institutional Credit Management’s objective is to provide an integrated “end-to-...

Location

India , Mumbai

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

Demonstrable quality control / quality assurance experience, including 5 - 7 years in banking, credit risk management, credit risk internal audit, loan review or quality assurance function at a large financial institution, established rating agency, or equivalent
Familiarity with risk management and controls frameworks related to credit risk management or another financial risk discipline
Ability to understand policies and procedures and execute change seamlessly
Understanding of complex counterparty credit product structures, and ideally versed in securitization and credit financing products such as ABS, CLOs, TRS and Commercial Real Estate, etc.
Background on core credit analysis and underwriting for large corporate and finance industries and awareness of risks and controls associated with credit approvals
Advanced Microsoft Office (Word, Excel, and PowerPoint) skills
Data analysis skills are desirable
BA/BSc or higher degree in Business (MBA), or any other related subject

Job Responsibility

Support the QA Head of Real Estate and Structured Credit Underwriting in discussions to define the Quality Assurance function and Reviews across ICM coverage universe
Provide effective credible challenge during QARs to Business Region Heads and Portfolio Managers, with respect to credit memorandums and associated process quality to ensure that weaknesses in such processes are identified and escalated as appropriate
Provide support to ensure wholesale credit risks within Citi are effectively identified, measured, monitored, and controlled, consistent with the bank’s risk appetite and all policies and processes established within the risk governance framework
Consistent and objective assessments during QARs and subsequent follow-up on corrective actions that were raised during QARs
Sustainability testing of corrective actions resulting from issues raised by Internal Audit or Regulators
Synthesis and preparation of Quality Assurance Reports to ICM business management that communicate and measure results and identify negative trends and potential solutions
Support the In-Business QA function in the establishment of WCR IBQA policies, procedures, risk assessment and controls to drive effective QA coverage and standards
Support the QA Head of Real Estate and Structured Credit Underwriting to stay abreast of relevant changes to rules/regulations and other industry news including regulatory findings
Support the Global Head of WCR In-Business QA on internal projects and initiatives
Support ICM Voice of the Employee (VOE) initiatives

What we offer

Equal opportunity employment
Reasonable accommodation for disabled individuals

Fulltime

Commercial Real Estate Underwriter

This role involves conducting financial analysis of commercial real estate prope...

Location

India , Mumbai

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

3-6 years of relevant experience
Previous experience working directly in Commercial Real Estate underwriting or credit preferably in the financial services industry
Strong financial modeling experience in Microsoft Excel, including complex financial modeling, data manipulation, and scenario analysis
Ability to apply credit and risk principles toward business goals
Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency
Must be highly organized and able to work in a fast-paced environment managing multiple projects and possess effective interpersonal, organizational and analytic skills
Solid organizational skills with ability and willingness to work under pressure and manages time and priorities effectively with little to no supervision
Highly effective written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority
Bachelor's/University degree or equivalent experience
MBA or CFA or CA preferred

Job Responsibility

Conduct comprehensive financial analysis of Commercial Real Estate properties and associated sponsors/borrowers, including historical performance, pro forma projections, rent rolls, operating statements, and balance sheet analysis
Develop and maintain complex financial models specific to various CRE asset types and transaction structures
Prepare credit approval request memorandums, highlighting key risks, mitigants, and actionable recommendations
Conduct projection modeling, stress testing and other analyses using research and evaluations from a wide variety of sources
Support Senior Underwriters in making recommendations/credit decisions, including risk ratings and regulatory classifications
Oversee periodic relationship credit monitoring including preparing Annual Reviews, Quarterly Reviews, and Criticized Credit Reviews
Proactively identify early warning signs of credit deterioration and elevate concerns to senior portfolio managers
Review and validate the quality of financial spreads, reports, and static data updates
Support Senior Underwriter and Underwriter during internal reviews and external regulatory exam responses
Prepare executive-level materials and presentations summarizing complex financial analysis and risk assessments

What we offer

Extensive on-the-job training
Exposure to senior leaders
Traditional learning opportunities
Volunteerism opportunities
Equal opportunity employer policies and practices

Fulltime

Real Estate Underwriter

The Analyst will hold a critical role within the Structured Credit and Real Esta...

Location

India , Mumbai

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

3 to 6 years of credit, portfolio management or structuring experience in a financial institution, rating agency, financial guarantor, or asset management firm
real estate or structured credit/securitization experience is a plus
A strong interest in real estate/structured products and credit analysis
Strong Microsoft Office skills
Modelling experience is a plus
Strong attention to detail
Oral and written communications skills enabling effective interaction with internal and external constituents of all levels
Team player with strong work ethic who also works well with others at all levels
Strong organizational skills with ability and willingness to work under pressure and manages time and priorities effectively
The ability to work independently to meet tight deadlines and initiate ideas with other members of the SCREU team and Independent Risk to mitigate risk

Job Responsibility

Work proactively with the Underwriting team to ensure timely information flow/ communications among all internal stakeholders
Monitor the ongoing compliance of assigned deals with the documented financing terms and conditions, portfolio performance and financial triggers with the aim of identifying and mitigating credit risks
Assist with classification and risk rating processes, decisions and monitoring
Review servicer reports for accuracy, investigate unusual data trends, identify deteriorating asset performance, and keep abreast of industry and market trends and customer-specific events
Prepare annual credit approval and quarterly memos in a timely manner
Model transactions for risk rating and stress testing purposes
Assist with special projects including stress testing, portfolio concentration analysis, internal audit & reviews, risk rating processes, Credit Policies and Credit Programs across product groups
Assist in reporting of Basel securitization parameters
Maintain organized credit files for credit, regulatory, and compliance purposes and ensuring compliance with WCR policies and processes
Review and analyze historical and pro forma financial statements of real estate properties to ascertain revenue trends, expense structures, and Net Operating Income (NOI)

Fulltime

Real Estate Underwriting

The Analyst will hold a critical role within the Structured Credit and Real Esta...

Location

India , Mumbai

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

6+ years of credit, portfolio management or structuring experience in a financial institution, rating agency, financial guarantor, or asset management firm
real estate or structured credit/securitization experience is a plus
strong Microsoft Office skills
modelling experience is a plus
strong attention to detail
oral and written communication skills
team player with strong work ethic
strong organizational skills
ability to work independently to meet tight deadlines
MBA or CFA or CA

Job Responsibility

work proactively with the underwriting team to ensure timely information flow
monitor ongoing compliance of assigned deals
review servicer reports for accuracy
prepare annual credit approval and quarterly memos
model transactions for risk rating and stress testing
assist with classification and risk rating processes
maintain organized credit files
examine financial statements
review historical and pro forma financial statements
assist in reporting of Basel securitization parameters

Fulltime

Residential Real Estate Mortgage Underwriter

The Citi Wealth Residential Real Estate Mortgage Underwriter will serve as a pri...

Location

United Kingdom , London

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

CeMAP qualified (or equivalent)
Strong Mortgage Regulatory knowledge and experience in the UK (and EU is preferable)
Strong and proven analytical, financial structuring and execution skills
Experience with regulatory internal and external audits beneficial
Bachelor's/University degree or equivalent experience
Excellent communication (verbal and written) and interpersonal skills
Ability to work under pressure and multi-task to tight deadlines
Good negotiation skills
Strong initiative and interactive approach to problem solving
Display flexibility and independence in a demanding environment

Job Responsibility

Serve as primary contact for mortgage process from inquiry to closing
Structure and underwrite residential mortgage loans in accordance with established Product Programs
Prepare, maintain and communicate pipeline
Primary point of contact for obtaining credit documents and clearing underwriting conditions
Provide input to Bankers, Associate Bankers and management
Responsible for all activities from applications through underwriting submission
Assist with residential real estate portfolio management audits, reviews, and performance reporting
Assist with residential real estate projects
Obtain relevant information from all parties in the lending cycle
Function as part of a deal team

Fulltime