Citi is today's pre-eminent financial services company and was built to create a highly diversified financial services company that could act as one to deliver solutions to clients throughout the world. With the most diverse array of products and the greatest distribution capacity of any financial firm in the world, our employees manage 200 million customer accounts across six continents in more than 100 countries.
Citigroup Inc. and its subsidiaries ("Citigroup") are equal opportunity employers M/F/D/V and do not discriminate on the basis of any legally protected status or characteristic.
Brief Description of the Organization
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.
Global Industries & Regional Markets ("GIRM") proactively manages the corporate and Public Sector exposure of Citi's Markets & Banking clients throughout the world. Responsibilities include credit analysis, credit approval, and active monitoring of the portfolio to identify credit migration. GIRM partners with the Global Portfolio Optimization teams in New York and London to use risk mitigation tools available in today's capital markets.
GIRM works in parallel with the Citi Markets & Banking bankers and product specialists. Working in conjunction with the bankers, we are able to make informed decisions through an understanding of the credit, structure and profitability features of each relationship.
GIRM has about 500 employees in more than 50 countries throughout the world. GIRM is organized along an industry and regional matrix with Global Industry heads and Regional heads responsible for North America, Latin America, Asia Pacific, Europe, Middle East, and Africa.
There is interaction with the Financial Institutions Risk Management (FIRM) clients that account for approximately 25% of the job content.
Credit and Portfolio Risk Manager-Structured Products Risk Management (SPM)
Description
Portfolio:
• Maintain and manage a portfolio of complex cross-product (derivatives, ECA financing), cross-market (senior bank / bond) transactions
• Transactions include project financings, acquisition financings, leveraged financings, recapitalizations, and securitizations
• Sectors include infrastructure, telecom, power, oil and gas and alternative energy
• Regions include North America and Latin America
• Work with Capital Markets counterparts on credit approval and execution of transactions identifying key risks and structuring transactions to mitigate credit concerns
• Manage deal approval process including preparation of credit approval memos and transaction execution with product partners
• Perform credit analysis on quarterly and annual basis on Project and Infrastructure Finance portfolio and Alternative Energy Portfolio
• Co-manage troubled assets with IRM colleagues including valuation analysis, amendment approvals and monthly credit reviews
• Assist with special projects including stress testing, portfolio reviews, FCR, Risk Rating processes, Credit Policies and Credit Programs across product groups, Basel II/III exercises
Management:
• Assist in managing SPM analysts and associates - provide oversight for writing of credit reviews, transaction memos, financial modeling and special projects
• Train and mentor analysts and associates to help them develop knowledge across products and industries
Interface with Banking and Products:
• Interface with internal product / regional counterparts on new and existing deals
• Meet with sponsors and work with bank syndicates (as Agent) and consultants
• Knowledge of bank and capital markets products and services; industry familiarity helpful
Risk Mitigation:
• Work with portfolio manager on risk mitigation at both inception of transaction and ongoing
• Strong analytical skills with good attention to detail, ability to provide big picture decision making and to mentor junior staff.
• Demonstrated aptitude for tackling analytical questions through quantitative modeling and the analysis and assimilation of data into a coherent work product.
• Ability to meet deadlines created due to business needs.
• Strong understanding of corporate finance required.
• Strong product knowledge required; working knowledge of the industries
• Solid understanding of Policies and Procedures impacting the Credit Risk mgmt. framework.
• Strong written and verbal communication skills with ability to present recommendation in a succinct manner.
• Attention to detail and ability to work with product partners is a must.
• Sound risk and business judgment on the full spectrum of risk issues.
• Independent problem solving skills.
• 6 - 8 years credit risk experience.
• Ability to conduct onsite due diligence visits and to run diligence calls with clients.
• Knowledge of various Capital Markets and derivative products and strong understanding of complex legal documentation.
• Ability to work through detailed models and consultant reports to analyze trends and track performance of the credit.
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