Head of Leveraged Finance and Corporate Developed Markets Underwriting (LFCDM)

Citigroup • New York, NY

4d

About The Position

Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a first line of defense business line, 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 across the enterprise. Within ICM, the Credit Underwriting function (“ICM UW” or “UW”) provides credit analysis, underwriting, and first line of defense credit approval for periodic / material transaction reviews, and any necessary subsequent credit monitoring across all institutional business including Corporate Banking, Services, and Markets relationships. The Head of LFCDM manages a global team of corporate underwriters (~375 team members), covering large and complex Corporates and Financial Sponsor relationships (both Investment Grade and Non-Investment Grade) within North America, Western Europe and UK, being responsible for all underwriting activities, in partnership with Citi Banking, Capital Markets and Risk. This role reports directly to the Head of ICM Credit Underwriting.

Requirements

• 20+ years of experience, including 10+ years' managerial 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.
• Excellent presentation skills - adept at presenting effectively to audiences of various sizes and various constituencies
• Bachelor's/University degree, Master's degree preferred
• Senior credit approval authority covering large and complex underwritings, capital commitments, derivatives with multi-industry experience
• Demonstrated expertise 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, and impact of such issues on the various Risk families, including operational and franchise risks
• Able to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with banking and product organizations
• 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
• Proven experience of managing large team
• 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 practices
• Proven ability to execute on strategic projects and initiatives

Responsibilities

• Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:
• Manage the Leveraged Underwriting team, overseeing credit execution for Sponsor-backed, Leveraged Acquisition Finance, Asset Backed Finance, highly leveraged Corporates, and Pre-IPO transactions
• Manage the Corporate Developed Markets Underwriting Team, overseeing credit execution for Citi's Corporate clients within NAM, Western Europe and UK (both IG and NIG).
• Ensure consistent 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
• Provide senior credit guidance and process direction to front line Business Coverage, Capital Markets and Risk partners on an ad-hoc as needed basis
• Provide ad-hoc updates to Risk and senior leadership as needed
• Ensure proper management of team resources and serve as a key point of contact for the team for escalations / guidance as required
• Review and approval of Credit Approval Memo (CAM) packages as both a senior Business and Leveraged Lending Credit Approver
• Partner with front office on structuring and production of term sheet for new transactions
• Facilitate relationships with key clients in Banking, Markets, and Risk (as applicable) and with key regulators, internal audit, and control functions
• Support the Head of ICM on strategic initiatives / projects as required

Benefits

• In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding Citi employee benefits, please visit citibenefits.com.
• Available offerings may vary by jurisdiction, job level, and date of hire.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 5,001-10,000 employees