Discover your future at Citi

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Job Overview

Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization.  ICM’s objective is to provide integrated “end-to-end” credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise.  Within ICM, the Credit Underwriting function (ICM-UW) provides analysis, greenlight, underwriting, first-line-of-defense credit approval and subsequent credit monitoring across all wholesale credit businesses including Banking, Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS). 

The Global Head of Commodities manages a team of Corporate Underwriters, covering structured commodity financing transactions, as well as Commodity traders relationships globally, being responsible for all underwriting activities, in partnership with Markets, Banking and Risk. This role reports directly to the Global Head of ICM CDM Credit Underwriting. The teams reporting to the Global Head of Commodities are based in Londonand Houston.

KEY RESPONSIBILITIES:

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

oManage resources and serve as a key point of contact for the team for escalations/ guidance as required

oDetailed review of financial analysis, due diligence, projection modeling, stress testing, risk rating and other in-depth analysis performed by junior resources

oReview and approval of Credit Approval Memos (CAM) packages

oPartnering with Front Office on structuring and production of term sheet for new transactions

Ensure alignment with Markets Global Commodities senior team to ensure appropriate support to deliver their strategy, including development of new products, new types of clients and expansion of footprint in Asia and LatamFacilitate relationships with key partners in Banking and Risk and with key Regulators, Internal Audit, and control functionsSupport the ICM CDM Underwriting Global Head on strategic initiatives/projects as required

SPECIFIC RISK EXPERIENCE:

Senior credit approval authority covering large and complex underwritings, capital commitments, derivatives with multi-industry experienceExperience in and exposure to global credit risk management standardsAbility to understand capital markets products and complex financing and product structuresAbility 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 risksAble to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with banking and product organizations   

CLIENT RELATIONSHIPS / BUSINESS PARTNERSHIP:

Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices of competitorsNavigates organizational complexity and breaks silosCreates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functionsProven experience of managing a teamProvides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationshipsProven track record of partnering with global peers in leveraging and implementation of best practicesQUALIFICATIONS:15+ years relevant work experience in banking/financial institutions, including 10+ years’ managerial experienceSenior Credit Officer designation is strongly preferredProven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external auditDemonstrates strong ethics and integrityAbility to see the ‘big picture’ in a complex environmentCan make decisions under pressure and short timelineExcellent verbal & written communication, active listening, organizational, and interpersonal skills. Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituenciesDemonstrated influencing and negotiating ability, resolve conflicts amongst various constituenciesMust work well under tight deadlines, manage priorities, and complete assigned tasks with minimal guidance and management follow up

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Job Family Group:

Risk Management

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Job Family:

Credit Decisions

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Time Type:

Full time

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Primary Location:

Houston Texas United States

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Primary Location Full Time Salary Range:

$250,000.00 - $500,000.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Oct 27, 2024

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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