Remedial Management Officer

Citi • New York, NY

2d • Hybrid

About The Position

Citibank, N.A. seeks a Remedial Management Officer for its New York, NY location. DUTIES: Prepare corporate valuation and restructuring analysis for stressed and distressed assets and situations, including the determination of write-off, reserve and risk of loss amounts that directly impact the P&L of the firm. Take ownership of designated projects relevant to the Team's business. Support major project and/or report (e.g. CCAR, Model Risk Management Report, Portfolio Reviews, etc.). Mentor analysts and associates within the team. Assess liquidity, debt capacity and other areas of financial and operating performance to evaluate areas of weakness and potential for turnaround, which is measured by setting and monitoring appropriate classification triggers. Model company financial positions to determine appropriate debt structure and accurate debt value using the most appropriate valuation methodology. Track ongoing performance of classified credits, reporting to senior credit and business management. Prepare quarterly classification documents with detailed financial and credit analyses in order to maintain appropriate classifications of Corporate and Commercial classified exposures. Work closely with other Special Assets colleagues (Senior Transactors and SCO-level Transactors) to remain coordinated on the restructuring/valuation process and assess likely restructuring scenarios. Liaise with internal business and product areas in the bank, as well as external fund managers, advisors and consultants to develop deeper industry expertise. Assist with compliance with End User Computing (EUC) and Model Risk Management (MRM) Policy. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite in accordance with Citi policies and protocols

Requirements

• Bachelor’s degree, or foreign equivalent, in Business Administration, Finance, Banking, Economics or a related field, and five (5) years of experience in the job offered or in a related finance occupation analyzing and evaluating financial statements and corporate valuation techniques.
• Five (5) years of experience must include: Analyzing and evaluating financial statements and business plans, across a range of industrial sectors; Supporting corporate and debt structuring, with a particular understanding of bank loan documentation; Assessing risk profiles of all credit products; Utilizing strong credit analysis and corporate financial modeling, including a range of valuation techniques (e.g. DCF, Comparable Companies, Comparable Transactions, etc.); Handling Risk assessment and quantitative analysis; and Utilizing Financial Modelling with intermediate Excel knowledge.

Responsibilities

• Prepare corporate valuation and restructuring analysis for stressed and distressed assets and situations, including the determination of write-off, reserve and risk of loss amounts that directly impact the P&L of the firm.
• Take ownership of designated projects relevant to the Team's business.
• Support major project and/or report (e.g. CCAR, Model Risk Management Report, Portfolio Reviews, etc.).
• Mentor analysts and associates within the team.
• Assess liquidity, debt capacity and other areas of financial and operating performance to evaluate areas of weakness and potential for turnaround, which is measured by setting and monitoring appropriate classification triggers.
• Model company financial positions to determine appropriate debt structure and accurate debt value using the most appropriate valuation methodology.
• Track ongoing performance of classified credits, reporting to senior credit and business management.
• Prepare quarterly classification documents with detailed financial and credit analyses in order to maintain appropriate classifications of Corporate and Commercial classified exposures.
• Work closely with other Special Assets colleagues (Senior Transactors and SCO-level Transactors) to remain coordinated on the restructuring/valuation process and assess likely restructuring scenarios.
• Liaise with internal business and product areas in the bank, as well as external fund managers, advisors and consultants to develop deeper industry expertise.
• Assist with compliance with End User Computing (EUC) and Model Risk Management (MRM) Policy.

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: Mid Level