ASEAN/ANZ FI (Financial Institutions) Credit Underwriting Cluster Head / ICM Singapore Country Head (C16 – Managing Director)

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Job Overview

Institutional Credit Management (ICM) is a 1st Line of Defense in-business credit management function that manages credit risk activities performed across Banking & International, Services and Markets businesses.  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 wholesale credit businesses.   

The ASEAN/ANZ FI Credit Underwriting Cluster Head (“ASEAN-Australia-New Zealand FI Underwriting Cluster Head”) manages a team of FI Underwriters, covering large and complex relationships within the ASEAN Countries, Australia and New Zealand, being responsible for all underwriting activities, in partnership with the Businesses and Risk.  This role reports directly to the APAC Regional Head for FI Credit Underwriting. 

The role also double hats as the ICM country head for Singapore and is designated as Senior Manager under the Monetary Authority of Singapore Individual Accountability Regime.  The candidate will join the Singapore Country Coordination Committee and matrix report to the Singapore Citi Country Officer (CCO).

KEY RESPONSIBILITIES:

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

• Lead the FI Underwriting function across 9 countries in the Asia South & ANZ cluster. This includes managing a portfolio of approximately 140 relationships
• Manage the FI analyst team in Manila, the team comprises +35 individuals across Singapore, Manila, Jakarta, and Seoul, covering complex Financial Institutions Banking portfolios.
• Responsible for ad-hoc transaction due diligence (under highly complex structures and tight deadlines) and BAU monitoring (Annual Reviews, Quarterly Reviews, and ongoing portfolio monitoring).
• Provide first line of defense credit approval for the most complex transactions
• 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
• Supports function’s close engagement with global and country / cluster Business Heads, Independent Risk, regulators, and other control functions
• Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
• Manage large, diverse, and high performing team
• Oversee credit associates with respect to their preparation of key deliverables such as CAM and sign off on their work product
• Support the ICM Regional/Global Heads of ICM for FI Credit Underwriting on strategic initiatives/projects
• Contribute to the wider Citi strategy in the ASEAN / ANZ cluster as a member & representative on in-country governance forums (Country Coordinating Committees)
• Provide thought leadership on evolving issues such as regulatory environment and WCR risk management
• Lead with strong governance and risk & control discipline; work in close partnership with control functions and Risk & Control support teams to proactively self-identify issues and lead remediation
• Focus on legal entity awareness with efficient escalation of issues and lead remediation efforts.
• Communicate the ICM vision and changes to country stakeholders. Partner & maintain strong relationships with business leadership and 2LOD Credit Risk
• Evolve organizational structure to align operating model with business strategic focus
• Support VOE initiatives

SPECIFIC RISK EXPERIENCE:

• Senior credit approval authority 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
• Proven track record on managing individuals and teams on multiple locations, driving strong Culture and Thought Leadership through groups and functions

QUALIFICATIONS:

• 13+ years risk/risk-related credit work experience in banking/financial institutions

• Senior Credit Officer designation or higher is preferred
• Proven ability to effectively engage 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 see the ‘big picture’ in a complex environment 

• Can 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
• Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies

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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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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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