Global Industry Head of Natural Resources Underwriting Job Profile: Underwriter C16
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 wholesale credit businesses including Banking, Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS).
The Global Head of Natural Resources manages a team of Corporate Underwriters, covering large and complex relationships globally, being responsible for all underwriting activities, in partnership with Banking and Markets and Risk. This role reports directly to the Global Head of ICM CDM Credit Underwriting. Natural Resources combines a sub industry vertical from Energy and Commodities, Power, Chemicals and Clean Energy Transition with teams based in London, New York City and Houston.
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
Manage resources and serve as a key point of contact for the team for escalations/ guidance as required
Detailed review of financial analysis, due diligence, projection modeling, stress testing, risk rating and other in-depth analysis performed by junior resources
Review and approval of Credit Approval Memos (CAM) packages
Partnering with Front Office on structuring and production of term sheet for new transactions
Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
Support the ICM CDM Underwriting Global Head on strategic initiatives/projects as required
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
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
Proven experience of managing a team
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:
15+ years relevant work experience in banking/financial institutions, including 10+ years' managerial experience
Senior Credit Officer designation is strongly 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, active listening, organizational, and interpersonal skills.
Excellent presentation skills - adept at presenting effectively to audiences of various sizes and various constituencies
Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies
Must work well under tight deadlines, manage priorities, and complete assigned tasks with minimal guidance and management follow up
------------------------------------------------------ Job Family Group: Risk Management------------------------------------------------------ Job Family: Credit Decisions------------------------------------------------------ Time Type: Full time------------------------------------------------------ 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.
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