Vp remedial management officer, Citi

Citi

Location:
United States, Irving

Category:
Finance

Contract Type:
Employment contract

Salary:

125760.00 - 188640.00 USD / Year

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Job Description:

The Remedial Management Officer is a strategic professional responsible for managing assigned accounts, implementing workout strategies, evaluating credit issues, negotiating with customers and internal partners, and more. The candidate will provide risk mitigation plans and work in a cross-functional environment to achieve set goals.

Job Responsibility:

Manage assigned accounts within acceptable risk parameters on an ongoing basis until workout is complete
Identify, modify and implement designed and approved workout strategies
Perform initial evaluation of assigned accounts, including business issues, likely loss or recovery, and documentation deficiencies, if any
Provide recommendation and/or approvals for credit decisions involving the Special Assets portfolio
Work and interact with customers, attorneys, and other third-party professionals to acquire all necessary documentation, due diligence, and market intelligence
Evaluate and process data, historical information with a focus on cash flow, capital structure, and valuation analysis
Develop and present action plans for assigned portfolio to Senior Management or 3rd parties
Negotiate with customers and internal Citi product/customer partners
Review accounts on a routine basis to gauge the level of progress achieved versus stated action plan, payment status (delinquency), documentation exceptions, annual review anniversaries, financial covenants, data integrity, and any other customer service (internal or external) follow-ups that arise during the course of time
Advise Risk Management partners of progress of the workout plan as well as potential risks that may develop throughout the course of the remedial effort
Prepare metrics and reporting criteria for loan performance including internal and external requirements
Deal with internal and external counsel strategically and on a cost-effective basis
Demonstrate sound understanding of credit issues and is able to establish and process risk mitigation plans from inception to implementation to resolution
Negotiate with customers and internal partners, including Legal, Controls, Fraud, MIS/Reporting, Compliance
Collect information from various parties with potential opposing views/agendas in a respectful, efficient, and detail-oriented manner
Communicate and influence in a cross-functional environment in settings that could involve conflicting priorities and timetables
Identify and assess asset liquidations, credit MIS, product loss norms and credit cycle in order to identify and organize dissection of credit problems
Able to articulate lessons learned without alienating internal business partners.

Requirements:

Knowledgeable in risk process and documenting an appropriate action plan for identified troubled, stressed, or distressed loans
6-10 years experience in credit analysis and/or remedial management
Proficient in collateral analysis, including real estate appraisals, equipment valuations, field exams, and asset searches
Excellent strategic, negotiation, and implementation skills
Excellent communication skills with ability to synthesize the argument in a reasonable manner
Ability to articulate alternative transactions (pros/cons)
identifies the related market, credit, operational, and legal/regulatory risks associated with the specific transaction/borrower
Excellent analytical and credit fundamentals skills
Some knowledge of applicable US and local regulations, guidelines, and practices
Some litigation skills
Must possess a sound understanding of Remedial Management and Small Business/Commercial Banking
Must have technical expertise and good understanding of products, tools, and associated risks
Capable of collecting information from various 3rd party individuals in a respectful, efficient, and detail-oriented manner.

What we offer:

Medical, dental, and 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
discretionary and formulaic incentive and retention awards.

Additional Information:

Job Posted:
May 08, 2025

Expiration:
May 14, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Vp remedial management officer

Citi

Location:United States, Irving

Category:Finance

Contract Type:Employment contract