Underwriter - C13 - MUMBAI

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Job Overview

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here.  At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks.  We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning.  You’ll also have the chance to give back and make a positive impact on where we live and work through volunteerism.

Shape your Career with Citi

We’re currently looking for a high caliber professional to join our team as Vice President, Underwriter - Hybrid (Internal Job Title: Underwriter - C13) based in Mumbai, India.  Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decisions and manage your financial well-being to help plan for your future.  For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

Institutional Credit Management (ICM) is a first line of defence function (1LOD) that houses and consistently manages credit risk activities performed for Citi’s institutional clients. Within ICM, the Credit Underwriting function provides credit analysis, underwriting, and first line of defence credit approval for periodic / material transaction reviews, and the subsequent credit monitoring across all institutional business including Banking, Services, and Markets relationships.

The Underwriter (UW) manages a portfolio of relationships across Western Europe, being responsible for the continuous credit monitoring of that portfolio. This as well as covers large and complex relationships within an industry and is responsible for all underwriting activities within their portfolio, in partnership with Banking and Risk. This role reports to the Head of CRH Underwriting.

In this role, you’re expected to:

• Execute, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:
• Lead execution of credit approvals, prepares and leads discussions with Risk and escalation within 1LOD; underwriting and monitoring of a portfolio of corporate clients, from early origination discussions to the development of credit approval memos and senior approval forums
• Undertake comprehensive review of financial analysis, due diligence, projection modelling, stress testing, risk ratings and other in-depth analysis performed by junior resources (UW analysts)
• Provide Underwriting sign-off and recommendation for transactions requiring senior approval
• Has industry expertise and ability to discuss relevant macro and micro issues within coverage portfolio
• Partner with Front Office on structuring new transactions and negotiating legal documentation
• Build strong working relationships with key partners in Banking, Risk and with key regulators, audit/control functions
• Lead credit conversation with both internal and external auditors related to coverage
• Coaching and developing of UW analysts
• Serve as SME for the team and/or support their manager and senior management on strategic initiatives / projects, as required
• Timely completion of all mandatory compliance / analytical trainings

Key Competencies:

• Independently monitoring a portfolio of clients including (i) overseeing the timely and accurate production of credit approval memos and transactions and (ii) ability to clearly articulate recommendations to risk on credit reviews in both written and verbal communication
• Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices of competitors
• Build and maintain a network of internal resources and subject matter experts (across product, legal, operations, risk, and other relevant stakeholders) as needed. Navigate organizational complexity and breaks silos
• Provide 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
• Solid organizational and time management abilities. Willingness to work under pressure and manage time and priorities effectively with little to no supervision.

As a successful candidate, you’d ideally have the following skills and exposure:

• Minimum of 6 years risk/risk-related credit work experience in banking/financial institutions
• Strong understanding of capital markets products and complex financing and product structures
• 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.
• Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies
• Proficient knowledge of product documentation and ability to negotiate terms.
• Proficient in modelling techniques with a deep understanding of modelling principles
• Advanced Microsoft Office (Word, Excel, and PowerPoint) skills
• Bachelor’s/University degree or higher degree in Business (MBA) / equivalent or CFA, or any other related subject

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com

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Job Family Group:

Risk Management

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Job Family:

Credit Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Constructive Debate, Escalation Management, Financial Analysis, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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