Citi
Wealth NAM CRE Underwriting and Portfolio Team Lead
Citi, New York, New York, us, 10261
Citi Global Wealth (CGW) is a Division of Citi focused on serving the needs of clients across the entire wealth spectrum. It has been created by combining the Wealth Management businesses across Citi Global Consumer Bank and Citi Private Bank. It serves over 500,000 clients through its global footprint in Asia, EMEA, Mexico, and North America.
Citi Global Wealth delivers a wide range of products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance and banking. By building on the strengths and capabilities across Citi, we intend to transform the way we serve clients across the wealth spectrum, delivering the full range of high tech and high touch capabilities Citi can offer, and ultimately help them achieve their goals.
Job Background/Context:
The Lending business of the Citi Global Wealth offers a diverse product range including Margin Securities Backed Finance (MSBF), Commercial Real Estate (CRE) and Residential Real Estate finance (RRE), Aircraft, Subscription Credit Facilities (SCF), Art-backed Finance as well as tailored solutions to target market clients of the Private Bank.
Wealth Credit Management (WCM) is a critical component of the First Line of Defense for credit risk management and works with business partners and Independent Risk partners to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and associated administration associated with Citi Global Wealth lending activities.
Key Responsibilities:
Lead and drive execution of the WCM Commercial Real Estate (CRE) underwriting and portfolio activities for the assigned client base including the following:
Setting a team culture which demands excellence in credit analysis specialized on CRE, underwriting, proactive portfolio management and monitoring, strong risk and controls environment, client focused delivery of credit approval packages, regulatory adherence and strong deal execution while adhering to all regulatory requirements, policies and procedures.
Ensures continuous adoption of best practices in credit analysis, underwriting, portfolio monitoring, early detection of problem credit to maintain strong portfolio quality.
Promotes close engagement with other CRE groups across the franchise to allow critical emerging areas of credit risk to be well understood and disseminated throughout the organization.
Accountable for sustaining strong talent in the function including assessing the adequacy and quality of staffing, to ensure the team are well trained and competitively compensated and that talent development initiatives are in place.
Support the WCM NAM Portfolio Head, Investment Finance Product and Regional teams, and other global function/business partners on strategic initiatives/projects related to the portfolio as required.
Support VOE initiatives, team transparency, and team progression.
Specific Credit Risk Experience:
Senior credit approval authority covering large and complex CRE underwritings, capital commitments, derivatives within a Wealth Management or a Corporate CRE and Business with strong understanding experience on underwriting and management of CRE transactions and portfolios.
Track record of managing diverse, high-performing teams.
Experience in effectively engaging with clients, originators, risk management while managing tight deadlines.
Experience in and exposure to global credit risk management standards.
Good understanding of credit products and complex financing and product structures within the CRE space including geographic market knowledge, appraisal analysis/valuation and forecasting/stress testing models.
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 portfolio quality and trends, allocation of risk assets and risk capital in partnership with banking and credit product organizations.
Management Capability:
Demonstrates managerial maturity in looking out for the best interests of the enterprise.
Proactive and able to manage a team through transformation and implement new practices.
A strong mentor and coach – one with the ability to rally followers and strengthen the overall risk culture of the organization.
Highly skilled communicator who ensures key messages are cascaded throughout the organization.
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.
Provides well-reasoned, consistently 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:
10+ years risk/risk-related credit work experience in banking/financial institutions with material experience underwriting and managing CRE portfolios.
At least a Senior Credit Officer designation within Citi or an equivalent organization with CRE industry initial.
Proven ability to effectively engage with internal and external clients, regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit.
Demonstrates strong ethics and integrity.
Strong leadership. Dynamic, flexible, and with strong communication skills.
Ability to see the ‘big picture’ in a complex environment.
Can make decisions under pressure and short timeline, including credit approvals.
Excellent verbal & written communication skills. Active listening skills.
Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies.
Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies.
Job Family Group:
Risk Management
Job Family:
Credit Decisions
Time Type:
Full time
Primary Location:
New York, New York, United States
Primary Location Full Time Salary Range:
$170,000.00 - $300,000.00
In 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.
Anticipated Posting Close Date:
Sep 02, 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 .
#J-18808-Ljbffr
Citi Global Wealth delivers a wide range of products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance and banking. By building on the strengths and capabilities across Citi, we intend to transform the way we serve clients across the wealth spectrum, delivering the full range of high tech and high touch capabilities Citi can offer, and ultimately help them achieve their goals.
Job Background/Context:
The Lending business of the Citi Global Wealth offers a diverse product range including Margin Securities Backed Finance (MSBF), Commercial Real Estate (CRE) and Residential Real Estate finance (RRE), Aircraft, Subscription Credit Facilities (SCF), Art-backed Finance as well as tailored solutions to target market clients of the Private Bank.
Wealth Credit Management (WCM) is a critical component of the First Line of Defense for credit risk management and works with business partners and Independent Risk partners to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and associated administration associated with Citi Global Wealth lending activities.
Key Responsibilities:
Lead and drive execution of the WCM Commercial Real Estate (CRE) underwriting and portfolio activities for the assigned client base including the following:
Setting a team culture which demands excellence in credit analysis specialized on CRE, underwriting, proactive portfolio management and monitoring, strong risk and controls environment, client focused delivery of credit approval packages, regulatory adherence and strong deal execution while adhering to all regulatory requirements, policies and procedures.
Ensures continuous adoption of best practices in credit analysis, underwriting, portfolio monitoring, early detection of problem credit to maintain strong portfolio quality.
Promotes close engagement with other CRE groups across the franchise to allow critical emerging areas of credit risk to be well understood and disseminated throughout the organization.
Accountable for sustaining strong talent in the function including assessing the adequacy and quality of staffing, to ensure the team are well trained and competitively compensated and that talent development initiatives are in place.
Support the WCM NAM Portfolio Head, Investment Finance Product and Regional teams, and other global function/business partners on strategic initiatives/projects related to the portfolio as required.
Support VOE initiatives, team transparency, and team progression.
Specific Credit Risk Experience:
Senior credit approval authority covering large and complex CRE underwritings, capital commitments, derivatives within a Wealth Management or a Corporate CRE and Business with strong understanding experience on underwriting and management of CRE transactions and portfolios.
Track record of managing diverse, high-performing teams.
Experience in effectively engaging with clients, originators, risk management while managing tight deadlines.
Experience in and exposure to global credit risk management standards.
Good understanding of credit products and complex financing and product structures within the CRE space including geographic market knowledge, appraisal analysis/valuation and forecasting/stress testing models.
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 portfolio quality and trends, allocation of risk assets and risk capital in partnership with banking and credit product organizations.
Management Capability:
Demonstrates managerial maturity in looking out for the best interests of the enterprise.
Proactive and able to manage a team through transformation and implement new practices.
A strong mentor and coach – one with the ability to rally followers and strengthen the overall risk culture of the organization.
Highly skilled communicator who ensures key messages are cascaded throughout the organization.
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.
Provides well-reasoned, consistently 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:
10+ years risk/risk-related credit work experience in banking/financial institutions with material experience underwriting and managing CRE portfolios.
At least a Senior Credit Officer designation within Citi or an equivalent organization with CRE industry initial.
Proven ability to effectively engage with internal and external clients, regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit.
Demonstrates strong ethics and integrity.
Strong leadership. Dynamic, flexible, and with strong communication skills.
Ability to see the ‘big picture’ in a complex environment.
Can make decisions under pressure and short timeline, including credit approvals.
Excellent verbal & written communication skills. Active listening skills.
Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies.
Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies.
Job Family Group:
Risk Management
Job Family:
Credit Decisions
Time Type:
Full time
Primary Location:
New York, New York, United States
Primary Location Full Time Salary Range:
$170,000.00 - $300,000.00
In 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.
Anticipated Posting Close Date:
Sep 02, 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 .
#J-18808-Ljbffr