Institutional Credit Management, Commercial Real Estate Underwriting, AVP

Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization. ICM provides 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, underwriting, 1st Line of Defense credit approval and subsequent credit monitoring.

The AVP will hold a critical role within the ICM by applying in-depth disciplinary knowledge, contributing to the improvement of processes and workflows for the area or function. The selected candidate must be able to evaluate moderately 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 situations using multiple sources of information.

The ideal candidate requires strong analytical skills in order to filter, prioritize and validate potentially complex and dynamic materials from multiple sources. Additionally, the candidate will regularly assume informal/formal leadership roles within teams and will be involved in coaching and training of new recruits. The AVP will have a significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Strong communication, diplomacy and leadership skills are required.

Responsibilities:

• Conduct periodic credit monitoring including Annual Reviews (ARs), Quarterly Portfolio Reviews (QPRs), and Criticized Credit Reviews (CCRs), and update risk ratings and regulatory classifications accordingly.
• Remain current on all aspects of the credit relationship, including exposure, compliance, and potential credit concerns.
• Maintain and update internal system records for credit approval and consent, and loan performance data for regulatory reporting (Y-14, CCAR).
• Conduct in-depth analyses of financial data and other information, assessing deal strengths, weaknesses and risk factors though research and evaluations from a wide variety of sources;.
• Inform bankers and 2nd Line of Defense of any deterioration in operating performance based on financial reporting.
• Ensure Credit Approval Memo (CAM) packages are complete, accurate and thoroughly documented and ensure that all transactions follow regulatory and Citi guidelines, policies and procedures.
• Support and Confirm deal team due diligence activities and preparation of CAMs during new deal origination.
• Verify data accuracy in collateral and facility records, for example, prepared by other internal partners.
• Make well-articulated recommendations on credit decisions, including risk ratings and regulatory classifications, to achieve consensus with deal teams and 2nd Line of Defense approvers.
• Support Senior members of the ICM team in making recommendations/credit decisions, including risk ratings and regulatory classifications as well as during internal reviews (BICR, IBQA, IA) and external regulatory exam responses.
• Fully conversant on safe and sound risk practices within Real Estate Credit including all policies, standards, procedures, and risk limits specific to their Portfolio

Qualifications:

• 3 to 5 years relevant experience.
• A good track record of experience in a similar role. Previous experience working directly in Commercial Real Estate underwriting or credit preferably in the financial services industry.
• Ability to apply credit and risk principles toward business goals.
• Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency.
• 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 manage 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.

Education:

• Bachelor’s/University degree or equivalent experience

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Risk Management

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