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Credit Risk, Director – Structured Credit, Risk Management

Job Req ID 22558307 Location(s) New York, New York Job Category Risk Management
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Structured Credit is a separate unit within ICG Risk that provides oversight in managing unique risks of structured products. These products (Global Infrastructure Finance, Clean Energy Finance, and Asset Based Finance & Transitional Finance) reside in Citi’s Global Spread Products Financing and Securitization (“GSPF&S”) and Banking, Capital Markets, and Advisory (“BCMA”) organizations. 

  • Characteristics of risks managed by Structured Credit:

    • Typically non-investment grade, credit intensive, highly quantitative

    • Use collateral, contracts, cash flow waterfall and other legal arrangements to mitigate risks

    • Various instruments across different areas of the capital markets

      • Loans, Bonds, LCs (senior, secured)

      • Structured derivatives (long dated, tailored swaps and commodity derivatives)

      • Tax equity/lease equity

      • Spread across OECD countries and Emerging Markets

  • Structured Credit works closely with the remedial management risk and business partners participating in restructurings and approving debtor-in-possession (“DIP”) financings given product and credit core competencies

Credit and Portfolio Risk Manager-Structured Credit Description

The Credit Portfolio Senior Officer II is a senior-level position responsible for leading activities including credit review, credit approvals and monitoring for the Structured Credit portfolio to identify credit migration in coordination with the portfolio management team.

Responsibilities

Portfolio:

  • Provide Senior Credit Officer (SCO) oversight of a portfolio of complex cross-product (derivatives, ECA financing), cross-market (senior bank / bond) transactions

    • Transactions include project financings, structured financings, leases, acquisition financings, leveraged financings, recapitalizations, tax equity, asset based loans and DIPs

    • Sectors include infrastructure, telecom, power, oil and gas and renewable energy

    • Regions include North America, Latin America, Europe, Middle East and Africa, and Asia

  • Work with Global Spread Products Financing & Securitization and BCMA counterparts on credit approval and execution of transactions identifying key risks and structuring transactions to mitigate credit concerns

  • Manage risk responsibilities for transaction greenlight and credit approval including providing input to GSPF&S and BCMA partners on the preparation of credit approval memos and transaction execution, escalating potential issues, and building consensus amongst senior approvers

  • Approve quarterly and annual reviews of Project Finance and Clean Energy Finance portfolios, as needed

  • Co-manage troubled assets with remedial management adding asset class and structure expertise

  • Assist with oversight activities including stress testing, portfolio reviews, interfacing with internal audit/FCR and regulators, risk rating processes, governance standards and procedures across product groups

People:

  • Train and mentor portfolio Analysts, Associates and VPs- provide review and challenge of credit reviews, transaction memos, financial modeling and special projects and helping them to build knowledge across products and industries

Interface with Banking and Products:

  • Interface with internal product / regional and industry risk managers on new and existing transactions

  • Work with sponsors and bank syndicates (as Agent) and consultants (legal, independent engineer, market consultants, etc.)

  • Knowledge of bank and capital markets products and services

Risk Mitigation:

  • Work with counterparts on risk mitigation at both inception of transaction and ongoing

Qualifications

  • Senior Credit Officer with 15 years of experience including 7+ years of credit risk experience

  • Ability to come up to speed quickly on new products and industries

  • Strong analytical skills with good attention to detail, ability to provide big picture decision making

  • Strong written and verbal communication and negotiation skills, with ability to present transactions, key risks and recommendations to seniors in a succinct manner

  • Strong understanding of corporate finance and credit risk required

  • Sound risk and business judgment on the full spectrum of risk issues

  • Knowledge of various Capital Markets and derivative products and strong understanding of complex legal documentation

Education

  • Bachelor's degree/University degree

    • Master's degree or equivalent experience preferred


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

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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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Primary Location:

New York New York United States

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Primary Location Salary Range:

$170,000.00 - $300,000.00

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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.

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View the EEO Policy Statement.

View the Pay Transparency Posting

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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

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