Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a first line of defense business line, to house and consistently manage credit risk activities performed for Citi’s institutional clients. ICM’s objective is to provide integrated end-to-end credit underwriting, identification, measurement, management, and monitoring for wholesale credit across the enterprise. Within ICM, the Credit Underwriting function (“ICM UW” or “UW”) provides credit analysis, underwriting, and first line of defense credit approval for periodic / material transaction reviews, and any necessary subsequent credit monitoring across all institutional business including Corporate Banking, Services, and Markets relationships.
Citi’s Services business provides global solutions that help corporations, financial institutions, public sector and commercial clients optimize operations and drive their business forward. Its Trade & Working Capital Solutions (“TTS”) business line provides integrated cash management, trade finance products and services to multinational corporations. Within trade finance, Citi offers comprehensive domestic and international trade receivables financing solutions, which is one of the fastest-growing segments. These structured finance programs help businesses to increase liquidity in the supply chain and reduce the risk inherent in trade flows.
ICM UW Analysts are responsible for credit risk analysis and monitoring of a portfolio of trade finance programs. The trade portfolio primarily covers two trade Receivables Finance Products (Distribution Finance “DF” & Credit Insured Accounts Receivable “CIAR”). This role reports to Trade ICM Underwriter Manager and is responsible to support on Annual Reviews, Quarterly Reviews, new-to-bank transactions, Risk Ratings, etc. in partnership with Trade Transactors, Product and Risk.
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
Ensure that assigned portfolio does not have past dues or stale ratings.
Drafting of Credit Approval Memo (CAM) packages including but not limited to ensuring they are complete and accurate
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Conducting initial financial analysis, due diligence, projection modeling, stress testing, risk ratings and other in-depth analysis
Support relationships with key stakeholders in Banking and Risk and with key Regulators, Internal Audit, and control functions
Support ICM Underwriting organization on strategic initiatives /projects as required
Risk Management Experience:
Experience in and exposure to global credit risk management standards
Ability to understand structured trade product
Ability to assess financial and industry data to conduct credit assessment
Able to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with stakeholders and product organizations.
Preferred to have knowledge of receivables financing structures and understanding of concepts related to limited recourse receivables financing.
If you have a strong desire to learn the trade products and develop deep product expertise, we encourage you to apply.
Client Relationships / Business Partnership:
Ability to understand nuances of local markets, local regulation, and the capabilities and practices of competitors
Navigates organizational complexity and breaks silos
Creates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functions
Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships
Qualifications/Key competencies:
3-6 years of relevant experience
Internal Citi applicants should hold relevant credit experience with good understanding of product and policies.
Bachelor’s/University degree or equivalent experience
Experience in effectively engaging with various functions
Demonstrates strong ethics and integrity
Ability to understand the ‘big picture’ in a complex environment
Strong verbal & written communication skills. Active listening skills
Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies
Proficient presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies
For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------
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