Ccr Underwriter

The portfolio consists predominantly of sophisticated ultra-high net worth private clients and theirs Personal Investment Companies.

Counterparty Credit Risk (CCR) Underwriters sits within the business (1LOD) are responsible for the underwriting of new transactions, the approval and extension of credit for the Margin Lending and Capital Markets.

Citi Global Wealth is a single, integrated platform serving clients across the wealth continuum, from the affluent segment to ultra-high net worth clients.

Underwriters typically mature a solid experience in underwriting plain-vanilla as well as tailored credit solutions to Citi Bank clients.

Job Summary

• Underwriting will focus principally on Margin Lending and Capital Markets
• Credit Underwriting of plain vanilla margin loans
• Credit structured on tailored margin loans
• Credit structuring and underwriting of derivatives and capital markets transactions
• Manage the European credit relationships from an annual review and yearly maintenance perspective
• Location likely to be in Luxembourg but another European Capital can also be considered

The person will be responsible for:

• Managing the European portfolio and working Senior Credit Officer to ensure an efficient and smooth process
• Conduct due diligence in some cases to assess risk profile and ensure risk appetite at the Citi level remains adequate.
• Assess portfolio concentration and diversification, liquidity, redemption risks if any
• Assign Risk Ratings by using appropriate risk methodologies
• Assess risk rating methodology on a periodic basis
• Ensure that facilities are reunderwritten at least annually
• Assess stress testing outcomes and ensure these remain within risk appetite
• Ongoing responsibility for ensuring covered clients remain within risk appetite
• Where appropriate and based on specific events occurring, consider classification upgrades or downgrades
• Negotiate creditrelated terms within legal documentation
• Build strong partnership with the origination functions (Banking, Origination, Capital Market Credit Solution) to execute transactions
• Interacting with clients an ad hoc basis, operations, legal and credit risk.
• Preparation of Credit Applications ensuring accuracy and completeness of data
• Perform Financial Analysis where applicable
• Collateral Evaluation covering Marketable Securities. Preparing and negotiating credit documentation for facilities, including liaison with external counsel as required as well as undertaking the annual review of documentation
• Preparing and reviewing facility covenants
• Assisting in Portfolio Management, including CA Annual reviews, covenant monitoring and compliance, waivers and extensions and all related system maintenance

Knowledge/Experience:

• Strong grasp of current technologies including stress testing is beneficial

Skills:

• Counterparty Credit experience
• Margin lending and Capital markets experience
• Excellent analytical skills and ability to decompose transactions into the core risks
• Good quantitative skills a plus.
• Solid Risk and Business judgment on the full spectrum of risk issues including Operational and Franchise Risk

Qualifications:

• University Degree / Graduate Degree in Business, Finance or Economics or equivalent is a plus.

Competencies

• Strong interpersonal and leadership skills
• Demonstrate integrity and sound/independent credit judgment
• Good communication skills
• Self starter, organized and detail oriented\
• Motivated and confident to drive change.
• Fluent in French is a plus

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Job Family Group:

Private Client Product Services

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Job Family:

IF Lending Generalist

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Time Type:

Full time

• 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.

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