Global Industry Head of Industrials Underwriting (ICM) - 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 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).

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.
• Manage resources and serve as a key point of contact for the team for escalations/guidance as required.
• Detailed review of financial analysis, due diligence, projection modeling, stress testing, risk rating and other in-depth analysis performed by junior resources.
• Review and approval of Credit Approval Memos (CAM) packages.
• Partnering with Front Office on structuring and production of term sheet for new transactions.
• Ensure alignment with key Banking senior partners to support them in delivering their strategy and provide senior leadership on complex and large transactions.
• Facilitate relationships with key partners in Banking and Risk and with key Regulators, Internal Audit, and control functions.
• Support 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 experience.
• Experience in and exposure to global credit risk management standards.
• Ability to understand capital markets products and complex financing and product structures.
• Ability 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 risks.
• Able 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 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.
• Proven experience of managing a team.
• Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships.
• Proven track record of partnering with global peers in leveraging and implementation of best practices.

QUALIFICATIONS:

• 15 years relevant work experience in banking/financial institutions, including 10 years' managerial experience.
• Senior Credit Officer designation is strongly preferred.
• Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit.
• Demonstrates strong ethics and integrity.
• Ability to see the 'big picture' in a complex environment.
• Can make decisions under pressure and short timeline.
• Excellent verbal & written communication, active listening, organizational, and interpersonal skills.
• Excellent presentation skills - adept at presenting effectively to audiences of various sizes and various constituencies.
• Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies.
• Must work well under tight deadlines, manage priorities, and complete assigned tasks with minimal guidance and management follow up.