Latam Distressed Credit Valuation - VP

Subject Matter Expert in the preparation of corporate valuations for the Special Assets Valuation and Credit Analysis Team in Latam (in particular Brazil). This role is focused on ensuring Citi's classified portfolio for the Latam region is adequately classified and monitored. Such monitoring include the elaboration of corporate valuations which are used to assess financial risk, establish risk mitigation and strategies, support restructuring negotiations, support impairment recommendations to comply with accounting and regulatory requirements, support sales in the secondary market, etc.

Responsibilities:

Responsible for a portfolio of approx. 15 credit relationships within Citi's portfolio of classified assets in Latam. Key responsibilities in the management of such accounts include:

• Preparation of quarterly memos to assess the financial performance of each relationship. This includes financial statement analysis, industry and economic research, classification monitoring and tracking, assessment of performance to plan/expectations, etc.
• Review of other teams' work, challenge such documents and flag potential issues prior to approval of senior management.
• Preparation of corporate valuations using diverse valuation methodologies. This includes the financial modelling to reflect the specifics of each business.
• Working on diverse industries showing the ability to identify key business drivers and translating those into the financial modelling and analysis.
• Active participation in client calls and internal meetings raising questions and identifying potential issues
• Manage assigned accounts within acceptable risk parameters on an ongoing basis until workout is complete
• Demonstrate experience in applicable national and local regulations, guidelines, and practices.; represents Citi in discussions with internal/external auditors and reviewers on issues relevant to their daily role, e.g., OCC.
• Stress testing in line with CCAR requirements
• Ability to articulate alternative transactions (pros/cons); identifies the related market, credit, operational, and legal/regulatory risks associated with the specific transaction/borrower.
• Identify, modify and implement designed and approved workout strategies.
• Work and interact with customers, attorneys, and other third party professionals to acquire all necessary documentation, due diligence, and market intelligence.
• Evaluate and process data, historical information and “Know Your Client” to assess appropriate strategy.
• Develop and present action plans for assigned portfolio to Senior Management or 3rd parties.
• Review accounts on a routine basis to gauge the level of progress achieved versus stated action plan, payment status (delinquency), documentation exceptions, annual review anniversaries, financial covenants, data integrity, and any other customer service (internal or external) follow-ups that arise during the course of time.
• Advise Risk Management partners of progress of the workout plan as well as potential risks that may develop throughout the course of the remedial effort.
• Prepare metrics and reporting criteria for loan performance including internal and external requirements such as FAS 114, TDR, and Basel;
• Demonstrate sound understanding of credit issues and is able to establish and process risk mitigation plans from inception to implementation to resolution.
• Collect information from various parties with potential opposing views/agendas in a respectful, efficient, and detail-oriented manner.
• Communicate and influence in a cross functional environment in settings that could involve conflicting priorities and timetables.
• Identify and assess asset liquidations, credit MIS, product loss norms and credit cycle in order to identify and organize dissection of credit problems; able to articulate “lessons learned” without alienating internal business partners.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 5-8 years experience in credit analysis, finance, banking.
• Sound knowledge and understanding of valuation techniques. DCF is a key requirement to perform this role and thus a key qualification.
• Knowledgeable in accounting and familiar with corporate financial statements
• Strong use of Microsoft Excel and financial modelling is required
• Ability to navigate through legal documentation
• Knowledgeable in risk process and documenting an appropriate action plan for identified troubled, stressed, or distressed loans.
• Excellent communication skills with ability to synthesize the argument in a reasonable manner.
• Excellent analytical and credit fundamentals skills. Some knowledge of applicable US and local regulations, guidelines and practices
• Familiarity with Citi's systems and procedures is a plus
• Languages: Proficiency in the English language is a must, Spanish is plus

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.

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