North America - Commodities Underwriter - Senior Vice President - Citi : Job Details

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 ICM wholesale credit businesses including Corporate Banking, Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS). The NAM Commodities Credit Underwriter's ( NAM Commodities UW ) coverage will be two-fold: (i) the newly established Commodities Managed Clients ( CMC ) portfolio in the NAM region comprised of prospective and recently onboarded and legacy clients across industry sectors sponsored by the Commodities Desk as well as power merchant hedging structures and (ii) large and complex Corporate Banking relationships within the Commodity Trader space. The NAM Commodities UW will be responsible for all underwriting activities related to these portfolios in partnership with the Commodities Desk, Corporate Banking, and Independent Risk.KEY RESPONSIBILITIES:Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:Provide first line of defense credit approval for BAU transaction activity and take a leadership role in seeking second line Risk approvalsAdoption of leading practices in credit analysis, underwriting, and monitoring, including the end-to-end underwriting process to include early origination discussions, development of credit approval memos, and senior approval forums in line with internal policies and standardsEnsure Credit Approval Memo (CAM) packages are clear, complete, and accurateDetailed reviews of financial data, capital structure analysis, projection modeling, stress testing, and other in-depth analysis performed by junior resources​Facilitate relationships with key internal stakeholders within Commodities, Banking, and Risk and with key Regulators, Internal Audit and control functionsSupport strategic Commodities and Credit related initiatives/projectsAbility to mentor and train junior team membersSPECIFIC RISK EXPERIENCE:Senior credit approval authority covering both small, large and complex underwritings, capital commitments and derivatives with across multiple industriesDeep experience in all aspects of credit underwriting including understanding of corporate finance and ability to model company financial statements. Exposure to Natural Resources within a major banking institution a plus (commodity traders/marketers, energy, metals/mining, etc.).Ability to work within the bank's Credit Risk Management framework, policies, and proceduresAbility to conduct business due diligence and assess a company's specific strengths and weaknesses and competitive position within its industryAbility to understand Markets and Capital Markets products and complex financing and product structuresAbility to provide strategic insights with strong sensitivity to macro and regulatory issues, and impact of such issues on the various Risk families, including operational and franchise risksStrong written and verbal communication skills with the ability to tailor messaging across stakeholder audiences within a global banking organizationIndependent problem-solving skills with the ability to adapt and prioritize workflows and meet deadlines created according to business and/or regulatory needsAbility to handle adversity, provide thoughtful challenge, and effective feedback to the business at junior and senior levels and with the ability to adapt inferior transactions into approvable structuresInvests in junior personnel through leading, training, and developing a tailored fundamental credit analysis skillset specific to commodity centric clientsKnowledge of trading documentation (ISDA, EEI, GTCs, NAESB, WSPP, MPSA, etc.)Bachelor's degree in Business Administration, Finance, or Economics preferred as well as advanced degree or license such as MBA, CFA, CPACompletion of Formal Credit Training at a large financial institution a plusCLIENT RELATIONSHIPS / BUSINESS PARTNERSHIP:Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices of competitorsNavigates organizational complexity and breaks silosCreates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functionsProvides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationshipsProven track record of partnering with global peers in leveraging and implementation of best practicesQUALIFICATIONS:8+ years risk/risk-related credit work experience in banking/financial institutionsSenior Credit Officer designation is preferredSelf-starter with an entrepreneurial spirit excited to support a growing and dynamic business segment and portfolioProven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external auditDemonstrates strong ethics and integrityAbility to see the 'big picture' in a complex environment Can make decisions under pressure and short timelineExcellent verbal & written communication skills as well as active listening skills. Demonstrated influencing and negotiating ability, resolution of conflicts amongst various constituencies, often at a senior levelExcellent presentation skills – adept at presenting effectively to audiences of various sizes and seniority levelsEDUCATION:Bachelor's degree in Business Administration, Finance, or Economics preferred as well as advanced degree or license such as MBA, CFA, CPA------------------------------------------------------Job Family Group: Risk Management------------------------------------------------------Job Family:Credit Decisions------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:Houston Texas United States------------------------------------------------------Primary Location Full Time Salary Range:$144,480.00 - $216,720.00In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.------------------------------------------------------Anticipated Posting Close Date:Oct 10, 2024------------------------------------------------------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.Citigroup Inc. and its subsidiaries ( Citi ) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.View the EEO is the Law poster. View the EEO is the Law Supplement.View the EEO Policy Statement.View the Pay Transparency Posting