Citi Commercial Bank –Institutional Credit Management Counterparty Credit Risk – Funds Underwriting Analyst, Asset Management Companies

Citi’s Commercial Bank (CCB) is a rapidly growing business, targeting emerging, mid- and larger-sized companies, with annual revenue generally from $100 million to $3 billion.  Institutional Credit Management (ICM) is a critical component of Citi’s First Line of defense for wholesale and counterparty credit risk (CCR) management. ICM works with the CCB and Independent Risk teams to ensure best-in-class risk and controls, and client responsiveness.  Within ICM Counterparty Credit Risk (CCR), Funds Underwriting (UW) is a global team responsible for measuring, monitoring and controlling counterparty risk for Funds.  To facilitate the CCB’s wholesale lending activities, we are seeking a dynamic and motivated credit professional to join the NAM Funds Underwriting Analyst team to serve our Asset Management Company clients that manage traditional real money funds, hedge funds, and private equity funds.  The position supports the team reporting to the ICM CCR NAM Funds Underwriting Analyst Team Lead and will based in Buffalo, NY.

The Funds UW Analyst facilitates the end-to-end lending process directly supporting the responsible Credit Officer.  Funds UW is essential for the delivery of a wide range of financial solutions to Citi CCB clients, working in direct partnership with Relationship Managers and Independent Risk, to execute on the firm’s and client’s business objectives.  This can include working capital solutions, term loans and M&A financing, treasury and liquidity management services, foreign exchange, trade finance and interest rate derivatives.  The primary responsibilities of Funds UW include credit underwriting, due diligence, structuring and documentation, and portfolio monitoring.  As part of the business and in direct partnership with relationship coverage bankers, Funds UW team provide thorough, objective analysis of the financial condition and credit worthiness of borrowers, including prevailing covered industry sector and product/market conditions, as well as the appropriate credit structure based on various risk considerations.

The Funds UW Analyst is responsible for supporting the underwriting and monitoring of a material amount of credit risk associated with capital deployed across a variety of lending products appropriate for commercial banking relationships.  The Funds UW Analyst provides critical support with driving internal analytical work product that serves to underpin credit approval decisions and maintains ongoing credit oversight of the lending portfolio relationships through quarterly and/or annual reviews along with covenant and other reporting monitoring, as applicable.  The Funds industry/specialty vertical requires developing knowledge of the unique sector/product drivers and key performance indicators to make well-informed credit underwriting decisions and proactively manage the portfolio based on a dynamic environment.  The Funds UW Analyst assists with the production of sector and sub-segment insights for key internal and external stakeholders and develops the credit-specific risk assessments on new originations and portfolio requests.

The Funds UW Analyst role also requires the individual to develop an understanding of various Citi Wholesale Credit (WCR) and CCB-specific credit policies, processes, and procedures, and how to apply these concepts consistently in practice, including ensuring the portfolio is appropriately risk-rated and classified, properly secured (if applicable) and that early warning signs are established and proactively addressed. 

An Analyst in ICM CCR Funds UW can contribute to strategic projects for NAM or Global initiatives and provide critical inputs that direct the future of credit formation within the CCB.  Additionally, the Funds UW Analyst is expected to rapidly develop the necessary technical skills through training from various teams and forums across CCB and ICM to promote the development and application of credit skills.

Key Responsibilities

• Facilitate the end-to-end lending process within the CCB for Asset Management Company clients that manage traditional real money funds, hedge funds, and private equity funds
• Rapidly develop knowledge of Funds portfolio and industry, and create well-supported analysis that effectively balances risk and business objectives
• Ensure appropriate regulatory classification and minimizing net credit losses for covered portfolio, as well as identify emerging areas of concerns that should be escalated
• Produce the underlying analysis and workflow supporting underwriting requests for new-to-bank and existing credit relationships, including pre-screening opportunities, facilitate amendments and extensions, perform annual reviews and other credit requests, including the related diligence
• Timely an