VP - Real Estate & Structured Credit Underwriting (CF, CLO and ABS)

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here.  At Citi , you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks.  We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning.  You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

We’re currently looking for a high caliber professional to join our team as VP - Real Estate & Structured Credit Underwriting (CF, CLO and ABS)(Internal Job Title: Underwriter- C13) based in Mumbai, India.  Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.  For instance:

·       Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.

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·       Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

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·       We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

The VP position will hold a strategic role within the Real Estate & Structured Credit Underwriting (RESCU) team administering portfolio of asset securitization transactions. Underwriter should be strategic professional who stays abreast of developments within own field and contributes to directional credit strategies by considering their application in the underwriting of private credit transactions and the credit financing business. The role pertains to Global Credit Financing (CF) / Collateralized Loan Obligations (CLO)/ Asset Back lending (ABS) related credit facilities and requires extensive product knowledge, deep corporate credit expertise, sharp commercial acumen, and ability to review/assess legal documents thoughtfully. The role impacts the overall effectiveness of the ICM Organization and requires good judgement and ongoing discretion in all business situations. The Underwriter must be able to manage complex deliverables, heavy volumes and tight timelines while remaining focused on internal policy and regulatory compliance. Contribution will also involve counsel related to the optimization of technology or efficiency of operations related to the business.

In this role, you are expected to:

- Manage a diverse portfolio of securitization transactions for CF/CLO/ABS asset class, including Middle Market Loans (MML), Broadly Syndicated Loans (BSL), Private Credit & Leveraged Loans, Direct Lending, etc across NAM and EMEA
- Ensure high-quality credit analysis, timely delivery and strong governance while collaborating closely with Origination and Independent Risk teams.
- Maintain ownership of strong and consistent credit underwriting process across the CF / CLO portfolio.
- Have Good understanding of cashflow modelling & various complex structures falling under CF / CLO universe.
- Have Accountability for ensuring strong analysis of the assigned CF / CLO portfolio ensuring consistencies with industry leading practices and compliance with all internal risk policies, standards and procedures.
- Lead periodic portfolio monitoring & conducting comprehensive credit reviews to ensure ongoing compliance thereby proactively managing emerging credit risks along with guiding team members.
- Partner with bankers on underwriting commercial credit extensions for new and existing clients, ensuring compliance with internal credit risk policies, procedures and regulatory standards.
- Participate in due diligence and prepare a detailed written credit memo for periodic monitoring including annual reviews on existing transaction that includes detailed analysis of the business terms, structural elements, strengths and prevailing risk factors, asset types, and compliance with internal underwriting guidelines in rendering a final credit recommendation to Risk.
- Oversee complex credit approvals, assigned ratings and annual reviews with focus on accuracy, completeness and consistency of credit memos.
- Interface with and support bankers in underwriting requests for credit extensions of CF / CLO facilities for new and existing clients with ownership responsibilities for sound credit decisions.
- Ensure maintenance of organized credit files for credit, regulatory and compliance purposes and ensuring compliance with Citibank Wholesale Credit Risk (WCR) policies and processes.
- Analyse the credit risk by performing tasks that includes reviewing deal documents & legal documentation.
- Maintain regular and open communication with internal as well as external team members on various tasks.
- Stay abreast with the latest developments in the structured finance market and understand on their potential impact.
- Enhance efficiency through automation & technical skills.

As a successful candidate, you’d ideally have the following skills and exposure:

- Post Graduation / MBA / CA or equivalent
- 8+ years of credit, portfolio management or product experience (primarily in securitization) in a financial institution, rating agency or asset management firm.
- Excellent organizational skills, prioritizing capabilities, attention to detail, and the ability to complete assignments within required deadlines in a fast-paced environment.
- Pro-active disposition with ability to work autonomously and within a team.
- Dealing with complex and variable issues with substantial potential impact where development of an approach /taking
- Requires good analytical skills to filter, prioritize and validate potentially complex material from multiple sources.
- Creative thinker who is adept at taking an analytical approach to problem solving.
- Strong attention to detail – the candidate will have responsibility for reviewing credit agreements / legal documents to ensure that all risk and business points are covered.
- Excellent oral and written communications skills enabling the candidate to effectively interact with internal and external constituents of all levels.
- Strong Microsoft Office skills. Technical skills would be advantageous.

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei

•Working Environment: office setting, minimal travel required.
• Effort: minimal physical effort required.

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## Job Family Group:
Risk Management
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## Job Family:
Credit Risk
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## Time Type:
Full time
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## Most Relevant Skills
Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.
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## Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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