Western Europe Banks & Broker Dealers Senior Credit Underwriter - Director

Citi continues to enhance its business control and governance framework and in 2023 built out Institutional Credit Management (ICM), a 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 ICG wholesale credit businesses including Banking, Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS). 

The WE Banks & Broker Dealers Senior Credit Underwriter (“WE Banks & Broker Dealers Senior Underwriter”) manages a Portfolio of Clients and overseas a team of FI Underwriters, covering large and complex relationships and being responsible for all underwriting activities, in partnership with Banking and Risk. This role will report to the NAM/WE Banks & Broker Dealers Head.

KEY RESPONSIBILITIES:

Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:

• Provide first line of defense credit approval for the most complex transactions
• 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
• Supports function’s close engagement with global and Regional Business Heads, Independent Risk, regulators, and other control functions
• Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
• Manage large, diverse, and high performing team
• Oversee credit associates with respect to their preparation of key deliverables such as CAM and sign off on their work product
• Support the ICM FI Credit Underwriting Seniors 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
• 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   
• Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit

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
• Proven track record on managing individuals and teams on multiple locations, driving strong Culture and Thought Leadership through groups and functions

QUALIFICATIONS:

• Risk/risk-related credit work experience in banking/financial institutions
• Senior Credit Officer designation or higher 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
• 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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