Credit Risk Officer

Citi • Getzville, NY

1d • Hybrid

About The Position

Citibank, N.A. seeks a Credit Risk Officer for its Getzville, New York location. This role involves assessing analyst work and creditworthiness as a senior team member, assigning appropriate credit ratings through credit and financial analysis. The officer will review and underwrite the structuring of annual and transaction Credit Approval Memos, and complete/review due diligence of North American Insurance companies. This requires industry knowledge to provide appropriate credit extensions within risk appetite per Wholesale Credit Risk Policy. The role includes performing outlook and industry overviews of the portfolio for leadership presentations, maintaining updated credit research on a client portfolio, and leading group-wide efficiency projects. The officer will assist the team in assessing risks and mitigants, using quantitative and qualitative factors for reviews/renewals of new and existing relationships. The role also involves leading or working with the team on complex transactions within sensitive timelines by collaborating cross-functionally within the 1st/2nd & 3rd Line of Defense. The Credit Risk Officer will supervise, review, and provide input on analysis as a senior team member, seeking credit and regulatory approval for all annual/transactions as part of a deal team. Ensuring best-in-class core credit risk analysis of the applicable portfolio, adhering to industry-leading practices, internal credit procedures/policies, and regulatory expectations is crucial. The role requires recognizing and addressing concerns regarding risk analysis execution and emerging risks, ensuring tactical execution of guidelines in all core team deliverables. Providing ongoing and timely feedback and coaching to Credit Risk Analysts, Credit Risk Senior Analysts, and Credit Risk Associates is also a key responsibility. The officer will maintain and manage a portfolio of credit exposures for Citi's most complex clients in the Large Corporate, Public Sector, and Financial Institution (Insurance/Reinsurance and Business Development Companies) sectors. This includes accountability for best-in-class core credit risk analysis, ensuring consistency with industry-leading practices, internal credit procedures/policies, and regulatory expectations. Managing 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 is required. Monitoring the Insurance portfolio, including industry trends, impacts to key relationships, and escalating potential credit issues to Credit Risk Team Leads, ICG Risk, and BCMA partners is essential. Supporting the Credit Risk Portfolio Manager on continuous engagement with applicable Banking and Risk senior stakeholders in the region is also part of the role. The position may involve assisting with special projects such as stress testing, portfolio reviews, and internal audits. Attracting, developing, and retaining top-quality staff, including active engagement with regional on-campus recruiting efforts to ensure a robust talent pipeline, is expected. The role will support the Global Head of ICG Risk Analysis and Head of ICG Risk Analysis Transformation & Core Operations on internal projects and initiatives. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.

Requirements

• Master’s degree or foreign equivalent in Business Administration, Economics, Management Information Systems, Finance, Accounting or related field and 3 years of experience as a Credit Risk Analyst, Credit Portfolio Senior Manager, Tax Analyst or related position.
• Alternatively, a Bachelor’s degree, or foreign equivalent in disciplines listed above and 6 years of progressively responsible, post-baccalaureate experience in the fields listed above.
• 3 years of experience must include: Leading alignment meetings by presenting industry analysis, financials, organizational structure of counterparty to business and risk partners; Analyzing trends in the industry
• Escalating credit risk and mitigating potential loss on extended credit for clients;
• Perform Financial Statement analysis and use accounting skills to Conduct credit research and financial stability of a company, evaluating and reporting profitability of a credit line for extended facilities;
• Managing and maintaining portfolio and conducting credit assessment for counterparties;
• Knowledge of risk and return models, and independent assessment for evaluating acquisition financing, and leveraging financing for counterparties;
• Evaluating risk for the obligors and performing financial analysis to determine and recommend an extension of credit line;
• Performing stress testing to determine the outlier in the portfolio, UAT testing to fill gaps in the process and analyzing different types of transactions, including margin and term loans and revolving credit facilities for the client;
• Loan documentation, collateral ratings, and key trading as agreements - ISDA/CSA.

Responsibilities

• Assess analyst work and creditworthiness as a senior on the team and assign appropriate credit rating by credit & financial analysis.
• Review & underwrite the structuring of annual & transaction Credit Approval Memos.
• Complete/Review due diligence of North American Insurance companies with industry knowledge to provide appropriate extensions of credit remaining within risk appetite per Wholesale Credit Risk Policy.
• Perform outlook & industry overview of the portfolio for presenting to leadership.
• Maintain updated credit research on a portfolio of clients and lead group wide efficiency projects.
• Help the team in assessing risks & mitigants, using both quantitative and qualitative factors to perform reviews/renewals for new and existing relationships.
• Lead/work with the team to perform complex transactions in sensitive timeline through collaborating cross functionally within 1st /2nd & 3rd Line of Defense.
• Supervise, review, & provide input on analysis as a senior on the team and seeks credit and regulatory approval for all annual/transactions as part of a deal team.
• Ensure best in class core credit risk analysis of applicable portfolio, ensuring consistencies with industry leading practices and conform to all internal credit procedures/policies, and all related regulatory expectations.
• Recognize concerns regarding execution of risk analysis and/or emerging risks which will need to be addressed by the team, and ensure the tactical execution of these guidelines are reflected on all core deliverables of the team.
• Ensure ongoing and timely feedback and coaching of Credit Risk Analysts, Credit Risk Senior Analysts, and Credit Risk Associates.
• Maintain and manage portfolio of credit exposures to Citi's most complex clients within Large Corporate, Public Sector, and Financial Institution (Insurance/Reinsurance and Business Development Companies) sectors, accountable for ensuring best in class core credit risk analysis of applicable portfolio ensuring consistencies with industry leading practices and conform to all internal credit procedures/policies, and all related regulatory expectations.
• Manage transaction deal approval process including preparing credit approval memos in partnership with relationship and product partners and making approval recommendations to senior risk managers.
• Monitor the Insurance portfolio, including following industry trends, impacts to key relationships, and escalating potential credit issues to Credit Risk Team Leads, ICG Risk and Banking Capital Markets and Advisory (BCMA) partners.
• Supporting the Credit Risk Portfolio Manager on the continuous engagement with applicable Banking and Risk senior stakeholders in the region.
• Assisted with special projects including stress testing, portfolio reviews and, internal audits.
• Attract, develop and retain top quality staff including as regards active engagement with regional on-campus recruiting efforts to ensure a robust pipeline of talent.
• Support Global Head of ICG Risk Analysis and Head of ICG Risk Analysis Transformation & Core Operations on internal projects and initiatives.

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Senior