Corporate Regional Markets and Public Sector Underwriting
Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a relatively new 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, Capital Markets, and Advisory (BCMA), Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS)
The Global Head of Corporate Regional Markets and Public Sector Underwriting (“CRMPS Head”) leads the global credit underwriting function for Citi’s corporate relationships in Latin America (LATAM), Central and Eastern Europe (CEE), Middle East and Africa (MEA), and Asia Pacific (APAC) as well as the Global Public Sector portfolio in all Regions (NAM, Europe, MEA, LATAM and APAC). CRMPS also covers Financial Institutions (FIs) in LATAM, CEE, MEA and some countries in APAC. The CRMPS Head reports directly to the ICM Global Head.
KEY RESPONSIBILITIES:
Set the global strategy for and drive execution of the Corporate Credit Underwriting function including the following:
- Leading a global team of dozens of senior credit underwriters globally
- Setting a global culture which demands excellence in analysis, underwriting, monitoring, thought leadership, and strong execution
- Ensures continuous adoption of leading practices in credit analysis, underwriting, and monitoring and drives global consistency across regions
- Promotes function’s close engagement with global and Regional Business Heads, Independent Risk, regulators, and other control functions to allow critical emerging areas of credit risk to be well understood and disseminated throughout the organization
- Accountable for sustaining strong talent in the function including assessing the adequacy and quality of staffing, to ensure the team are well trained and competitively compensated and that talent development initiatives are in place
- Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
- Support the Global Heads of Underwriting and other global function/business partners on strategic initiatives/projects
- Support VOE initiatives
SPECIFIC RISK EXPERIENCE:
- Senior credit approval authority covering large and complex underwritings, capital commitments, derivatives with multi-industry experience
- Track record of managing large, diverse, high-performing teams
- Proven experience in effectively engaging with banking regulators
- 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
MANAGEMENT CAPABILITY:
- Demonstrates managerial maturity in looking out for the best interests of the enterprise
- Proven change management skills including leading complex Transformation initiatives
- A strong mentor and coach – one with the ability to rally followers and strengthen the overall risk culture of the organization
- Highly skilled communicator who ensures key messages are cascaded throughout the organization
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
- 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:
- Significant risk/risk-related credit work experience in banking/financial institutions
- Level 2 Senior Credit Officer designation with potential to become Level 1 in the near term is 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
- Strong leadership. Dynamic, flexible, and with strong communication skills
- Ability to see the ‘big picture’ in a complex environment
- Can make decisions under pressure and short timeline
- Excellent verbal & written communication skills. Active listening skills.
- Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies
- Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Credit Decisions------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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