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- Tasks: Lead a team in underwriting for industrial clients, managing credit risk and approvals.
- Company: Join Citi, a global leader in financial services with over 230,000 dedicated professionals.
- Benefits: Enjoy competitive pay, career growth opportunities, and a chance to make a real impact.
- Why this job: Be part of a dynamic team shaping the future of credit risk management in a collaborative culture.
- Qualifications: 15+ years in banking, with strong managerial experience and a Senior Credit Officer designation preferred.
- Other info: This role is based in London, offering a unique opportunity to work on complex transactions.
The predicted salary is between 72000 - 108000 £ per year.
Global Industry Head of Industrials Underwriting (ICM)Global Industry Head of Industrials Underwriting (ICM)Citi London, United Kingdom Apply now Posted 1 day ago In-Office Job Permanent Competitive Global Industry Head of Industrials Underwriting (ICM)Citi London, United Kingdom Apply now
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Job Overview
Job Description
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).
The Global Head of Industrials UW manages a team of Corporate Underwriters, covering Transport and Industrials, Capital Goods, Metal and Mining and diversified Industrials clients in North America and in Western Europe, being responsible for all underwriting activities, in partnership with Banking and Risk. This role reports directly to the Global Head of ICM CDM Credit Underwriting. The teams reporting to the Global Head of Industrials are based in London and New York City.
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
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Job Family Group:
Risk Management——————————————————
Job Family:
Credit Decisions——————————————————
Time Type:
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Global Industry Head of Industrials Underwriting (ICM) | London, UK | In-Office (London) employer: Citi
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Global Industry Head of Industrials Underwriting (ICM) | London, UK | In-Office (London)
✨Tip Number 1
Network with professionals in the banking and financial services industry, especially those who have experience in credit risk management. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in underwriting.
✨Tip Number 2
Familiarise yourself with Citi's corporate culture and values. Understanding their approach to risk management and client relationships will help you align your discussions during interviews and demonstrate that you're a good fit for the team.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your ability to manage complex underwriting processes and lead teams. Highlight your strategic insights and how you've navigated regulatory challenges in previous roles.
✨Tip Number 4
Stay updated on current market trends and economic factors affecting the industrial sector. Being knowledgeable about these topics will allow you to engage in meaningful conversations during interviews and demonstrate your expertise in the field.
We think you need these skills to ace Global Industry Head of Industrials Underwriting (ICM) | London, UK | In-Office (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk management and underwriting. Emphasise your managerial experience and any specific achievements that align with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and how your background fits the requirements. Mention your experience with complex underwriting processes and your ability to manage teams effectively.
Highlight Key Skills: In your application, focus on key skills such as financial analysis, risk assessment, and stakeholder management. Use specific examples from your past roles to demonstrate these skills in action.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role in risk management.
How to prepare for a job interview at Citi
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the Global Industry Head of Industrials Underwriting role. Familiarise yourself with the key responsibilities and how they align with Citi's objectives, especially in credit risk management.
✨Prepare for Technical Questions
Given the seniority of the position, expect technical questions related to credit analysis, underwriting processes, and risk management. Brush up on your knowledge of capital markets products and be ready to discuss complex financing structures.
✨Showcase Leadership Experience
Highlight your managerial experience and ability to lead teams effectively. Be prepared to share examples of how you've navigated organisational complexities and built strong partnerships across different functions.
✨Demonstrate Communication Skills
Excellent verbal and written communication skills are crucial for this role. Practice articulating your thoughts clearly and confidently, and prepare to present your ideas effectively to various audiences during the interview.
