About the position
Citi's Commercial Bank (CCB) is a rapidly growing business, targeting emerging, mid- and larger-sized companies, with annual revenue generally from $100 million to $3 billion. Institutional Credit Management (ICM) is a critical component of Citi's First Line of defense for wholesale and counterparty credit risk (CCR) management. ICM works with the CCB and Independent Risk teams to ensure best-in-class risk and controls, and client responsiveness. Within ICM Counterparty Credit Risk (CCR), Funds Underwriting (UW) is a global team responsible for measuring, monitoring and controlling counterparty risk for Funds. To facilitate the CCB's wholesale lending activities, we are seeking a dynamic and motivated credit professional to join the NAM Funds Underwriting Analyst team to serve our Asset Management Company clients that manage traditional real money funds, hedge funds, and private equity funds. The position supports the team reporting to the ICM CCR NAM Funds Underwriting Analyst Team Lead and will be based in Buffalo, NY.
Responsibilities
- Facilitate the end-to-end lending process within the CCB for Asset Management Company clients that manage traditional real money funds, hedge funds, and private equity funds
- Rapidly develop knowledge of Funds portfolio and industry, and create well-supported analysis that effectively balances risk and business objectives
- Ensure appropriate regulatory classification and minimizing net credit losses for covered portfolio, as well as identify emerging areas of concerns that should be escalated
- Produce the underlying analysis and workflow supporting underwriting requests for new-to-bank and existing credit relationships, including pre-screening opportunities, facilitate amendments and extensions, perform annual reviews and other credit requests, including the related diligence
- Timely analysis and preparation of monthly and/or quarterly financial memo reviews of existing borrowers to track compliance with loan covenants, raising potential concerns and taking necessary actions in partnership with other key stakeholders for the assigned portfolio
- Facilitate the loan documentation process for both new transactions and amendments or modifications; including coordination with internal partners and/or outside legal counsel to ensure that all credit approval terms and conditions are appropriately represented in the closing documents
- Attend periodic meetings regarding covered portfolio clients and select new to bank opportunities in partnership with Funds UW Credit Officer and the Relationship Management team
- Develop and maintain an extensive knowledge in the various credit products and services offered to CCB clients
- Mentor and develop more junior staff and other support to become effective resources and future contributors
- Recommend and champion changes to improve existing processes to achieve greater efficiency and controls
- Work proactively, and in a constructive and diplomatic manner, with internal and external stakeholders to keep transactions moving forward and in accordance with appropriate controls
Requirements
- 1-3 years of banking, finance or related experience in credit underwriting, portfolio and/or risk management with a multinational financial services organization
- Knowledge of basic accounting and financial concepts and their practical application in the credit underwriting process
- Basic understanding of Counterparty Credit Risk topics and investment product risk concepts, such as portfolio risk, stress testing, Greeks/sensitivities, bond pricing, derivatives
- Excellent communication (written, verbal, presentation and listening) and organizational skills; ability to complete multiple priorities in a timely manner
- Demonstrates learning agility: seeks out resources and experience to continually build knowledge/skills; quickly and successfully applies learning to new situations
- Proficient in spreadsheet, word processing and presentation applications, including strong data visualization skills
- Bachelor's degree in mathematics, science, finance/economics; advanced degree(s) and other certifications considered but not required
Benefits
- medical, dental & vision coverage
- 401(k)
- life, accident, and disability insurance
- wellness programs
- paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays
