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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 CitiCiti’s Risk Management organization oversees Citi’s risk governance framework and risk appetite, ensures all risks generated by the firm’s businesses are measured, reviewed, and monitored on an ongoing basis.We’re currently looking for a high caliber professional to join our team as Vice President, Remedial Management Officer - Hybrid (Internal Job Title: Vice President - 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:We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.We empower our employees to manage their financial well-being and help them plan for the future.We have a variety of programs that help employees balance their work and life, including generous paid time off packages.In this role, you’re expected to: Special Assets is a team that specializes in the risk management of the ICG classified portfolio, including both corporate and commercial banking relationships. The exposures we manage typically exhibit a heightened probability of default at varying stages of stress or distress. SA work involves collaborating with Business and Risk partners to formulate and execute strategies that maximize the value of the SA portfolio, balancing risk, returns and recovery appropriately. For early-stage (Special Mention) names, we undertake a diagnostic assessment of risks and provide recommendations for subsequent risk management. For portfolio management of the classified portfolio, we ensure that our exposure is appropriately tailored to the bank’s risk appetite. Depending on where we are in the credit cycle, a proportion of these names may become live restructuring situations. For these, we work directly with troubled clients to develop solutions in conjunction with other creditors, equity-holders, financial and legal advisers as applicable. Transactions such as these can occur through consensual solutions that can take anywhere between 2 and 24 months or through court-administered processes.This Remedial Management Officer position is a 2nd LOD credit remediation position in the Asia South Cluster within International (ex. LATAM) Special Assets.Key ResponsibilitiesManagement of classified exposures in India and the Asia South Cluster across Banking & International RiskApply credit analysis and diagnostics techniques to identify key risks and mitigating factors, determine appropriate classification, and develop/implement remedial strategies as neededCompletion of Special Mention Assessments and Trigger Reviews, including setting of effective classification triggers (among other related matters)Working in partnership with 1LOD and 2LOD (ex Special Assets), manage exposures classified Substandard or worse, including the development of remedial objectives, exposure management strategies, build consensus on such goals and execute as appropriateTogether with the Valuation & Credit Analysis Team (VCAT), provide credit/supervisory inputs for CCMs and Enterprise Valuations (as required), the latter of which determines exposure impairments that may impact Individually Assessed reserves or write-offsProvide timely escalation to 1LOD and 2LOD (ex Special Assets) partners and seniors in fast-developing credit situationsActive participation in periodic reviews, portfolio management and other BAU reporting exercises as required internallySupport local reporting and regulatory requirements, working closely with partners in such areas throughout the Asia South ClusterRepresent Special Assets as Subject Matter Experts in country/cluster/global forums and/or during discussions with external parties where relevant, especially in matters concerning credit classification. Over time, provide refresher and/or training sessions to internal stakeholders on such topicsBuild effective working relationships and networks with other members of the Special Assets organizationOther job-related duties may be assigned on an ad-hoc basisQualifications8 -10 years’ experience in credit analytics-related positions with exposure to corporate and/or commercial banking client situationsExcellent communication skills. Demonstrated ability to identify key credit/transaction risks and mitigating circumstances, forming a credit view & account strategy based on such analysis, effectively articulating the appropriate decisions and influencing stated outcomes amongst stakeholdersSound understanding of the latest risk policies and proceduresProficiency in collateral analysis and valuationSelf-starter who can demonstrate a disciplined approach in managing deadlinesPrior credit remedial, live deal structuring and negotiation experience will be an advantage, but not requiredCurrently on track for further CO elevationFluency in English (written and spoken)EducationBachelor’s/University degree, Master’s degree preferredThe candidate will work directly with Special Assets' local team head in India on a daily basis, and report to the Asia South Cluster Lead.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 todayhttps://jobs.citi.com/dei------------------------------------------------------Job Family Group: Risk Management------------------------------------------------------Job Family:Remedial Management------------------------------------------------------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.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
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