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Under the Global Industries and Regional Credit (“GI & RC”) group, this position will be a part of the group’s NAM Core Credit team and will be responsible for the following:
1) risk managing corporate credit exposures (including loans, derivatives and cash management products) to a broad range of clients primarily in the Energy industry from large global investment grade names to smaller non-investment grade names and
2) risk approving new credit exposure transactions.
The position will interact heavily with Company’s Relationship Banking organization and product/capital markets groups in pursuit of its portfolio management and approval duties.
Maintain and manage a portfolio of credit exposures (including IG and NIG loans, derivatives, cash management products) to Citi's North American clients operating in multiple sectors of the Energy industry.
Manage the transaction deal approval process including preparing credit approval memos in partnership with relationship and product partners and making approval recommendations to senior risk managers. Transactions include acquisition financing, leveraged financing, recapitalizations, derivatives and securitizations
Review, approve, and manage annual and quarterly credit reviews
Co-manage troubled assets with IRM colleagues including valuation analysis, amendment approvals and periodic credit reviews
Assist with special projects including stress testing, portfolio reviews and, internal audits
Negotiate key credit terms in legal documentation for loans and derivatives.
Meet with clients and sponsors to conduct due diligence
Work with Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis
Interact with banking regulators during periodic regulatory reviews
Manage a team of seasoned credit professionals including Vice Presidents and Senior Vice Presidents.
Qualifications and Competencies:
Bachelor’s degree in Business Administration, Finance, or Economics preferred
An MBA, CPA, or CFA preferred and formal Credit Training is a plus
Seasoned Senior Credit Officer
7 – 10 years credit risk or relevant experience, preferably gained at either Company or at a major financial institution
Multiple years of experience in the Energy sector with a large banking institution is highly preferred but experience in one or more of the following industries will also be considered:
◦ Consumer, Retail, Healthcare,
◦ Transportation and Industrials
◦ Telecommunications, Technology and Media
◦ Power, Chemicals and Metals and Mining
◦ Demonstrated ability to lead and inspire seasoned risk subordinates and collaborate effectively with Product and Industry partners.
Experience with Leverage Finance and regulatory framework governing Leverage Finance.
Strong understanding of corporate finance, bank and capital markets products and services and ability to manage the modelling of company financial statements
Ability to work within the bank’s credit risk management framework, policies and procedures
Proven strong analytical and credit analysis skills with good attention to detail and ability to provide big picture decision making
Ability to conduct business due diligence and assess a company’s strengths and weaknesses and competitive position within its industry
Independent problem solving skills, ability to prioritize and meet deadlines
Strong written and verbal communication skills with the ability to present analysis and recommendations in a succinct manner to senior managers
Ability to handle adversity, to push back on industry and product partners and to help them transform inferior deals into acceptable ones
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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
Company Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities.
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