Relationship Associate - Power

Citi • New York, NY

3d • $129,840 - $194,760 • Onsite

About The Position

The Relationship Associate is a senior-level position supporting clients as they raise capital and obtain strategic advice for mergers, acquisitions, and other financial transactions in coordination with the Institutional Banking team. The role also acts as an intermediary in trading for clients and aims to serve as a strategic advisor by helping formulate investment strategies and raise capital.

The associate supports bankers and clients across relationship management, credit, transaction banking, and compliance activities. This includes assisting with client portfolios and relationship reviews, coordinating Know Your Client requirements, supporting Standby Letter of Credit processes, identifying revenue opportunities, and representing the banking coverage team in client meetings. The position may assist with banker activities and transaction decisions when the banker is absent.

The role is part of Citi's Institutional Banking group and Corporate Banking family. It is full-time and based in New York, New York. The stated salary range is $129,840 to $194,760. Eligible employees may also receive incentive and retention awards and benefits including medical, dental and vision coverage, a 401(k), insurance, wellness programs, paid time off, and paid holidays.

Requirements

• 6–10 years of experience.
• Bachelor's degree in finance or a closely related area of Business Administration, or equivalent experience.
• Comprehensive knowledge of support, credit, and legal documentation requirements, including Letters of Comfort, parent guarantees, Letters of Credit and related agreements, ISDA/CSA, short-term loan agreements, and card agreements.
• Comprehensive knowledge of client treasury models and philosophies, including funding models, cash management strategies, decision-making, subsidiary support policies, wallet sharing, and bank group membership.
• Ability to be client-focused and results-oriented.
• Consistent follow-up and organizational skills.
• Clear and concise written and verbal communication skills.
• Planning, negotiation, and analytical skills.
• Professional attitude.

Nice To Haves

• Credit skills or experience, including financial accounting, commercial lending theories, industry awareness, and loan structuring.
• Master's degree.

Responsibilities

• Build relationships with internal and external audiences to resolve problems promptly and support a range of needs and services.
• Conduct financial and operational investigations involving credit, foreign exchange, cash management, and trade services, ensuring timely resolution and client satisfaction.
• Assist the Banker with preparing relationship reviews and client portfolios.
• Partner with Product Partners and Relationship Managers on Know Your Client requirements, including origination, monitoring, renewals, and completion across product and marketing levels.
• Facilitate Standby Letter of Credit credit originations, allocations, approvals, documentation, bookings, fee collections, and renewals; justify exceptions and coordinate credit allocation with Parent Account Management and Credit Risk Management teams.
• Identify revenue opportunities, position products with clients, monitor billing and service queries, and correct mapping and marketing hierarchies in Citi Investment Strategies to ensure product revenues are accurately reflected.
• Represent the banking coverage team in client meetings.
• Assist with Banker activities in the Banker's absence, including making decisions and helping close transactions as needed.
• Assess risk in business decisions, protect the firm's reputation and assets, comply with applicable laws, rules, regulations, and policies, exercise sound ethical judgment, and transparently escalate, manage, and report control issues.
• Help clients with Letter of Credit and Standby Letter of Credit issuance and related pre- and post-processing needs.
• Manage and service client needs related to Transaction Banking products.

Benefits

• Medical, dental, and vision coverage.
• 401(k).
• Life, accident, and disability insurance.
• Wellness programs.
• Paid time off, including vacation and sick leave.
• Paid holidays.
• Discretionary and formulaic incentive and retention awards may be available to eligible employees.

What This Job Offers

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