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COVID-19:

The health and safety of our colleagues and candidates for employment are our highest priority. Accordingly, Citi continues to monitor the COVID-19 situation closely. We have implemented precautionary measures across our firm globally, including conducting all candidate interviews virtually on a temporary basis until further notice where needed.

Credit Risk Associate - Commercial Bank

Job Req ID 22502670 Location(s) Budapest, Hungary Job Category Risk Management
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Who we are?

Citi Commercial Bank provides global and local banking capabilities and services from emerging to mid-sized corporates worldwide, including Hungarian large corporates. Our office in Budapest provides countrywide coverage and relationship management for our esteemed clients. The position is located in Budapest and it provides great opportunity to leverage on your interpersonal and relationship management skills in a professional environment working with internal and external clients.

As a Credit Officer, you will have full oversight of the end-to-end credit process: credit risk monitoring and management, credit package preparations, and credit proposal review/approval. In this client-facing role you will co-operate with other divisions of the Bank, especially with the Sales, Risk and Product teams.

What you will be doing?

  • Periodical/initial credit risk reviews of existing, prospect individual clients or group of companies.

  • Continuous assurance of health and appropriateness of the credit clients’ risk profile. Conducting Early Warning and Risk Management activities to take the right actions timely to ensure a healthy risk profile, including classification decisions and credit strategy

  • Full responsibility and leadership of parties involved in the credit process, for timely completion of tasks related to the assigned portfolio/pipeline

  • Decision making and credit file preparation including client risk ratings, management assessment, match of the credit product types, tenors and loan amounts to the purpose of the loan, collateral types and evaluations, special conditions, covenants, financial analysis

  • Perform second approver/checker of Credit Applications when required according to the designated approval limits

  • Preparation of Greenlight Memorandums together with Sales Team and presenting the drafted credit proposals to required approvers at the Greenlight Meetings

  • Responsible for on time completion of annual reviews, quarterly credit reviews (when needed), any ad-hoc reviews of existing customers (timely maintenance of maturing credit lines)

  • Follow the daily market updates and news, internal reports and relate them with assigned credit portfolio/pipeline for analysis

  • Responsible for deciding on and monitoring the remedial strategy of each client classified for closer monitoring

  • Maintains credit related data consistency by daily usage of reports and credit tools

  • Lead ad-hoc analytical tasks (i.e. portfolio review purposes, stress tests) and participate in

  • Lead projects assigned by the CLM Head

  • Participate in regional/global projects.

What we are looking for?

  • Bachelor’s/University degree in Finance, Banking, Accounting or Economics

  • Excellent written and spoken English skills

  • Minimum 6 years of work experience in Banking, Finance, Accounting, Economics, Business Administration with Credit or financial statement analysis

  • Demonstrated knowledge of accounting and its practical application in the credit underwriting process

  • Experience in structuring bilateral credit agreements, knowledge on complex credit products

  • Formal credit training or knowledge of financial accounting standards (international and domestic)

  • Strong understanding of the Commercial Banking Business and Market

  • Intermediate to advanced proficiency in Microsoft Office

  • Highly effective negotiation, interpersonal and communication skills

What’s in it for you?

  • We foster a culture of meritocracy and diversity; we value and expect respect for others; opportunities to develop are widely available to all

  • We ensure regularity of 1:1 dialogue to monitor and support both management of the client portfolio and to identify personal and professional growth opportunities via an Individual Development Plan.

  • You will have the privilege of meeting the decision makers at world class corporate clients of Citi globally and partnering with them to achieve their goals.

  • You will benefit from a culture of innovation and investment from arguably the world’s best transaction services bank to support your sales efforts

  • We are a Top 100 UK Firms for Diversity per the Stonewall Index

  • 51% of our employees are women, 24% of our Director’s and Managing Directors are women.

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Job Family Group:

Risk Management

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Job Family:

Credit Decisions

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Time Type:

Full time

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting

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  • Meaningful career opportunities thanks to a physical presence in over 95 markets

We foster a culture that embraces all individuals and encourages diverse perspectives, where you can make an impact and grow your career. At Citi, we value colleagues that demonstrate high professional standards, a strong sense of integrity and generosity, intellectual curiosity, and rigor. We recognize the importance of owning your career, with the commitment that if you do, we promise to meet you more than half way.

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