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The health and safety of our colleagues and candidates for employment are our highest priority. Accordingly, Citi continues to monitor the COVID-19 situation closely. We have implemented precautionary measures across our firm globally, including conducting all candidate interviews virtually on a temporary basis until further notice where needed.

PS (Public Sector) & Municipals Credit Underwriter (C14 - SVP)

Job Req ID 22557022 Location(s) New York, New York Job Category Institutional Banking
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Citi continues to enhance its business control and governance framework by building 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, Capital Markets, and Advisory (BCMA), Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS). 

The NAM PS & Municipals FinancialCredit Underwriter (“NAM PS & Muni Underwriter”) covers diverse and complex relationships across the NAM Public Sector and Municipals Portfolio, being responsible for all underwriting activities, in partnership with BCMA, Markets and Risk. This role reports directly to thethe NAM PS & Muni Head.

KEY RESPONSIBILITIES:

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

  • 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
    • Ensure Credit Approval Memo (CAM) packages are complete and accurate
    • Detailed reviews of financial data, projection modeling, stress testing, and other in-depth analysis performed by junior resources
  • Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
  • Support the Regional ICM Underwriting Heads for Corporate and FI Credit Underwritingleadership on strategic initiatives/projects
  • Support VOE initiatives

SPECIFIC RISK EXPERIENCE:

  • Senior credit approval authority (or similar designation) 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

QUALIFICATIONS:

  • 7-10+ years risk/risk-related credit work experience in banking/Public sector and Municipals
  • SCO preferred or Credit Officer with strong aspirations to advance to SCO level.
  • Sound knowledge of Citi’s credit policies and procedures will be an advantage.
  • Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external auditExperience in effectively engaging 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 understandsee the ‘big picture’ in a complex environment  
  • StrongCan 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
  • AdvancedExcellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies

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Job Family Group:

Institutional Banking

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Job Family:

Investment Banking

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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:

$152,050.00 - $228,080.00

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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.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

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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