Western Europe Sovereign Credit Underwriter - SVP

We are hiring a Senior Vice President (SVP) underwriter to manage a portfolio of Public Sector entities. The coverage will include Governments, Central Banks, Government owned entities operating across different industries and Development Financial Institutions. The SVP will report to the Head of Public Sector Underwriting for Western Europe and North America.

The role is within the Institutional Credit Management (ICM) division which is responsible for managing credit risk activities performed for Citi’s institutional clients in the first line of defense. Within ICM, the Credit Underwriting function provides credit analysis, underwriting, first-line-of-defense credit approval for transactions and any necessary subsequent credit monitoring across all institutional businesses including Banking, Services, and Markets.

The SVP must demonstrate strong credit skills related to fundamental credit analysis of counterparties, including experience in assigning credit ratings. In addition, the SVP will have experience in assessing the risks stemming from transactions related to most baking products such as loans and derivatives. The successful candidate will work mostly independently and will demonstrate excellent communication skills. The Underwriter will guide the origination teams (bankers) in structuring transactions that are within Citi’s risk appetite and policies and, will present transactions for approval to experienced second line of defence Senior Risk Officers. 

Responsibilities:

• Assist bankers and is accountable for underwriting requests for credit extension for new and existing clients, from early origination discussions to development of credit approval memos and presentations in senior approval forums.
• Ensure highest standards of quality and accuracy of credit memos required to approve transactions or renew existing credit lines. Develop strong credit recommendations: appropriately assess counterparty risk and transaction risks.
• Partner with bankers on structuring new trades ensuring they are within Citi’s risk appetite.
• Provide guidance on internal credit policies and procedures and lead the end-to-end credit approval process.
• Negotiate credit terms of ISDAs, collateral agreements, loan agreements and other trading documentation facilitating the execution of future business.
• Stay abreast of client needs in partnership with bankers. Maintain a clear and up to date view of counterparties under its own coverage anticipating positive or negative credit developments.
• Support ICM Underwriting organization on strategic initiatives/projects as required.
• Contributes to internal audits and other initiatives aimed at strengthening the control environment.    

Qualifications:

• Bachelor's degree in finance or accounting (preferred) - previous experience working in a financial institution with additional experience in a loan officer or underwriting role.
• Advanced analytical skills including the ability to read and assess company financial statements, cash flow, industry and competitive analysis and projections.
• Excellent organizational skills, attention to detail, and the ability to complete assignments in a timely manner.
• Effective written and verbal communication skills.
• Problem recognition and resolution skills.
• Ability to work autonomously and within a team.
• Proficient in various spreadsheet and word processing applications (Excel and Word are preferred).

Education:

• Bachelor’s/University degree, Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

The Underwriter will be responsible for Public Sector entities in Western Europe. Coverage will include Central Governments, Government owned entities such as policy development banks, and multilateral development organizations.

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