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 for Citi’s institutional clients. 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, underwriting, 1st Line of Defense credit approval for periodic / material transaction reviews, and any necessary subsequent credit monitoring across all institutional businesses including Banking, Services and Markets.
The ICM Underwriting team in Turkiye covers large and complex relationships with corporates, financial institutions and public sector clients within the country, being responsible for all credit underwriting activities. The Underwriter role works closely with the wider ICM, Banking, Risk (2nd Line of Defense) and product specialists. This role reports directly to the Head of Turkiye ICM.
KEY RESPONSIBILITIES:
Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:
- Adoption of leading practices in credit analysis, underwriting, and monitoring, including the end-to-end underwriting process, from early origination discussions to development of credit approval memos, and senior approval forums.
- Detailed review of financial analysis, due diligence, projection modeling, stress testing, risk ratings and other in-depth analysis performed by junior resources.
- Review and approval of Credit Approval Memos (CAM) packages.
- Partnering with Front Office on structuring and production of term sheet for new transactions.
- Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions.
- Support ICM Underwriting organization on strategic initiatives/projects as required.
QUALIFICATIONS:
- 10+ years of experience
- Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit.
- Demonstrates strong ethics and integrity.
- Ability to see the ‘big picture’ in a complex environment.
- Can make decisions under pressure and short timeline.
- Excellent verbal & written communication skills. Active listening skills.
- Proficiency in Englis
- Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies.
SPECIFIC CREDIT EXPERIENCE:
- Experience in covering large and complex underwritings, capital commitments and derivatives, with multi-industry experience.
- Experience in and exposure to global credit risk management standards.
- Ability to understand capital markets products and complex financing and product structures.
- Ability to provide strategic insights and strong sensitivity to macro and regulatory issues.
- Able to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with banking and product organizations.
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, 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 practice.
EDUCATION:
- Bachelor’s/University degree, master’s degree preferred.
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Job Family Group:
Risk Management
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Job Family:
Credit Decisions
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Time Type:
Full time
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