Corporate Credit Underwriter – Senior Vice President
Citi · Mumbai, Maharashtra, India
- On site
- Full-time
- $250,000 / year
- Mumbai, Maharashtra, India
Job highlights
- Lead a team of analysts and associates.
- Oversee credit monitoring for the Core Portfolio.
- Support credit approval and origination.
- Enhance credit management process.
- Provide expert credit risk analysis.
About the role
About Citi
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.Role Overview
The Global Leveraged Finance Underwriting Team (LFU) within Institutional Credit Management (ICM) is seeking a Portfolio Manager/Team Lead to join its Analytics team. The Portfolio Manager is responsible for leading and coordinating a team of Analysts and Associates, providing quality assurance, timely delivery, and analytical rigor while being the primary contact for coaching and supervising the junior team. LFU Portfolio Managers will oversee the credit monitoring support for Citi’s Core Portfolio. They will also support underwriters in Citi’s credit approval and origination process for Core transactions, assisting clients in raising funds in the capital markets. The Portfolio Manager is a senior level professional that leads and drives a best-in-class Underwriting organization with a goal of materially enhancing Citi’s end-to-end Core credit management process through early problem recognition and timely response to credit challenges across the portfolio. This will be achieved through a strong partnership with Underwriters, Banking, Capital Markets and Risk. An Portfolio Manager is expected to have an advanced understanding of credit risk, of Citi´s internal policies and procedures, and of being knowledgeable about the industry fundamentals that portfolio belongs to. They should be able to independently lead thoughtful conversations with all the partners.Key Responsibilities
- Accountability for ensuring best in class credit risk analysis of the Core Portfolio ensuring consistencies with industry leading practices and compliance with all internal policies, standards, procedures, and all related regulatory expectations.
- Provide critical support and leadership across core functions: Regular monitoring of the portfolio through writing Annual and Quarterly reviews.
- Portfolio management and early problem recognition.
- Participation in new originations, primarily for existing relationships.
- Coaching and training analysts and associates to develop their credit underwriting skills.
- Ensuring strict adherence to Citi’s Policies/Standards/Procedures.
- Supervise analysts and associates to perform periodic written reviews of the clients' financial and operating performance, covenant compliance, management/relationship strategy, and competitive position within its peer group.
- Review and analyze models used for valuation and to forecast the client's operating and financial performance and be able to articulate assumptions and analysis to LFU Underwriters and Risk.
- Ensure ongoing and timely feedback and coaching of junior team to sustain a strong credit culture and an unwavering commitment to excellence in analysis and execution.
- Evaluate and gain strong understanding of clients' business, financial performances, and key credit drivers across various industries with the ability to raise issues and concerns as needed.
- Remain current on all relevant market trends and issues.
Qualifications
- 13+ years of credit or related corporate credit risk experience
- MBA or CA or CFA
- Team player with strong work ethic who also works well with others
- Strong writing, analytical, communication, and presentation skills
- Experience in leading a team and in coaching and mentoring junior bankers
- Advanced knowledge of Microsoft Word, Excel, and PowerPoint
- Ability to break down large amounts of data into concise, easy to understand credit recommendations
- Thorough understanding of the credit and/or portfolio management process
- Strong awareness and adherence to the control environment including Quality Assurance and Quality Control
- Proven culture carrier
Job Family Details
- Job Family Group: Risk Management
- Job Family: Credit Risk
- Time Type: Full time
Key Skills/Competency
- Corporate Credit Underwriting
- Portfolio Management
- Credit Risk Analysis
- Financial Analysis
- Team Leadership
- Mentoring
- Industry Fundamentals
- Regulatory Compliance
- Capital Markets
- Problem Recognition
Skills & topics
- Corporate Credit Underwriter
- Senior Vice President
- Credit Risk Management
- Portfolio Management
- Financial Analysis
- Team Leadership
- Leveraged Finance
- Capital Markets
- Risk Management
- Credit Analysis
- MBA
- CFA
- ICM
- LFU
- Citi
- Banking
- Excel
- PowerPoint
- Word
- Regulatory Compliance
How to get hired
- Tailor your resume: Highlight 13+ years of corporate credit risk experience and any MBA, CA, or CFA credentials. Emphasize leadership, team coaching, and analytical skills relevant to credit underwriting.
- Showcase your expertise: Detail your experience in credit analysis, portfolio management, financial modeling, and regulatory compliance. Quantify achievements where possible, demonstrating your impact on credit processes.
- Prepare for case studies: Be ready to discuss complex credit scenarios, demonstrate your analytical approach to risk assessment, and articulate your recommendations clearly.
- Understand Citi's culture: Research Citi's commitment to growth, development, and volunteerism. Align your own values and career aspirations with the company's mission and the role's focus on excellence.
- Network strategically: If possible, connect with current employees in credit risk or underwriting roles at Citi to gain insights into the team and the interview process.
Technical preparation
Master financial modeling techniques.,Practice credit risk assessment.,Review industry fundamentals.,Understand regulatory frameworks.
Behavioral questions
Describe a challenging credit decision.,How do you mentor junior staff?,How do you handle conflicting stakeholder views?,How do you ensure regulatory compliance?
Frequently asked questions
- What are the primary responsibilities of a Senior Vice President Corporate Credit Underwriter at Citi?
- As a Senior Vice President Corporate Credit Underwriter at Citi, you will lead a team of analysts and associates, oversee credit monitoring for the Core Portfolio, and support credit approval and origination processes. Your role involves enhancing the credit management process, conducting in-depth credit risk analysis, and ensuring compliance with internal policies and regulatory expectations.
- What qualifications are essential for this Senior Vice President role at Citi?
- This role requires at least 13 years of corporate credit risk experience, an MBA, CA, or CFA. Essential skills include strong analytical, writing, communication, and presentation abilities, experience in team leadership and mentoring, and advanced knowledge of Microsoft Office Suite. A thorough understanding of credit and portfolio management processes is also crucial.
- How does Citi support professional development for its Senior Vice Presidents?
- Citi is committed to supporting professional growth through extensive on-the-job training, exposure to senior leaders, and traditional learning opportunities. For this role, you'll have the chance to develop your leadership and credit underwriting skills while also contributing to the bank's overall mission and values.
- What is the Global Leveraged Finance Underwriting Team's role within Citi?
- The Global Leveraged Finance Underwriting Team (LFU) is part of Institutional Credit Management (ICM) and focuses on providing credit monitoring and underwriting support for Citi's Core Portfolio. They assist clients in raising capital markets funds and aim to enhance the end-to-end credit management process through early problem recognition and timely response to credit challenges.
- Can you explain the importance of credit risk analysis in this Senior Vice President position?
- Credit risk analysis is central to this role. You will be accountable for ensuring best-in-class credit risk analysis of the Core Portfolio, adhering to industry best practices, internal policies, and regulatory expectations. This involves evaluating clients' financial performance, identifying key credit drivers, and raising concerns as needed.
- What kind of industry knowledge is expected for a Senior Vice President Corporate Credit Underwriter at Citi?
- A Senior Vice President Corporate Credit Underwriter is expected to possess an advanced understanding of credit risk and Citi's internal policies. Crucially, they must be knowledgeable about the fundamental industry dynamics of the portfolios they manage, enabling them to lead informed discussions with partners and clients.