The role requires an extensive understanding and application of credit and counterparty risk concepts across multiple disciplines, including full understanding of how Citi’s credit policies, processes, and procedures should be applied to remedial situations.
Responsibilities
- Provide strategic direction, transaction execution, and approval for Special Assets-managed credits
- Work with Special Assets Senior Transactors and valuation team members in the management and execution of the Special Assets portfolio
- Recommendation and/or approval for credit decisions and certain work product involving the Special Assets portfolio
- Timely and proactive execution of portfolio management responsibilities, particularly recurring monitoring requirements
- Accountable for ensuring appropriate classifications, risk ratings and valuations are approved and reported accurately and on a timely basis, and are in compliance with all policies, processes and procedures to promote a strong governance and controls environment
- Work proactively, and in a constructive and diplomatic manner, with internal and external stakeholders to advance favorable resolutions on transactions, including direct interaction with borrowers
- Communicate effectively with internal and external partners, senior management, regulators and other important stakeholders
- Mentor and develop Special Assets junior staff to advance their skillset and professional effectiveness
- Participate and/or provide leadership on special projects and various priority initiatives
- Recommend changes to improve existing processes, policies, and procedures to achieve greater efficiency, governance and controls
Competencies
- Strong credit sense and ability to articulate a view, work across a range of credit products, with experience in early problem recognition and crisis resolution skills
- Capable of thought-leadership with demonstrated experience in prior role(s)
- Effective interpersonal skills, including an ability to be persuasive and build consensus on complex issues
- Demonstrated ability to manage conflict and influence internal partners, creditors, debtors and other stakeholders who may not share similar views
- Negotiation and influencing skills, particularly with developing effective strategies and directing legal documentation
- Excellent communication (written, verbal, presentation and listening) and organizational skills; ability to complete multiple priorities in a timely manner
- Leadership, coaching and mentoring skills with ability to motivate others in a demanding environment
- Highly analytical but also able to act with urgency, synthesize complex situations and make timely and well-supported recommendations or decisions
- Team player and effective collaborator
- Possess high character and personal integrity
Qualifications
- 15+ years of extensive experience in a credit-oriented role, preferably with a large multinational financial services organization
- Highly experienced credit professional with a deep and relevant restructuring, distressed or comparable expertise
- Demonstrated corporate finance, business strategy and debt structuring skills, with ability to manage complex transactions and conduct negotiations
- Proven track record working with a variety of credit products and/or industries, with experience implementing credit policies and remedial management processes
- Thorough understanding of the risk profile, structure and governing documentation for various credit and market products
- Hands on experience in stressed and distressed concepts, processes, and associated internal bank accounting (e.g., valuations, cost of credit, etc.)
- Senior Credit Officer approver designation or equivalent credit authority preferred
- Bachelor’s degree; Master’s/advanced degree(s) and other certifications considered but not required
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Risk ManagementRemedial ManagementFull timeNew York New York United States$170,000.00 - $300,000.00
Anticipated Posting Close Date:
Aug 21, 2024View the " " poster. View the .
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