Credit Financing - Collateralized Loan Obligation - Vice President

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Job Overview

The Underwriter is a strategic professional who stays abreast of developments within own field and contributes to directional credit strategies by considering their application in the underwriting of private credit transactions and the credit financing business. The role pertains to structured credit and securitization related credit facilities and requires extensive product knowledge, deep corporate credit expertise, sharp commercial acumen, and ability to review/ assess legal documents thoughtfully. The role impacts the overall effectiveness of the ICM Organization and requires good judgement and ongoing discretion in all business situations. The Underwriter must be able to manage complex deliverables, heavy volumes and tight timelines while remaining focused on internal policy and regulatory compliance.  Contribution will also involve counsel related to the optimization of technology or efficiency of operations related to the business.  

Responsibilities:

• Appropriately assess credit risk and other risk considerations when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup's clients and assets by driving compliance with applicable laws, rules and regulations; adhering to Policy; applying sound ethical judgment regarding personal behavior, conduct and business practices; and escalating, managing and reporting control issues with transparency.

• Interface with and support bankers in underwriting requests for credit extensions of securitization facilities for new and existing clients with ownership responsibilities for sound credit decisions and compliance with internal procedures/credit risk policy guidelines and standards.

• Participate in due diligence and prepare a detailed written credit memo for periodic monitoring including annual reviews and quarterly memos on existing transaction that includes detailed analysis of the business terms, structural elements, strengths and prevailing risk factors, asset types, and compliance with internal underwriting guidelines in rendering a final credit recommendation to Risk.

• Perform ongoing monitoring of individual transaction and portfolio trends in a timely fashion.

• Keep abreast of latest research and developments in industry, product. and rating agency criteria

• Maintain familiarity and compliance with Citibank Wholesale Credit Risk policies/standards/procedures and regulatory policies to ensure the business unit is in adherence to the above and receives satisfactory ratings from internal and external auditors and/or reviewers.

• Assists business unit goals by continuous identification of process improvements and efficiencies that reduce costs and improve customer service levels. Work with management team on prioritization and implementation of approved actions.

• Provide backup support to Credit Underwriting Group Manager, lead projects and initiatives and mentor lower-level Credit Officers as needed.

• Other duties as required to support thoughtful business growth and regulatory compliance.

Qualifications:

• 10 years previous credit authority experience within a financial institution and familiarity working in regulatory, compliance, policy environment

• Proven analytical skills including the ability to assess structural components of individual transactions, quality of underlying pool assets, and asset managers' capabilities, strategies, underwriting, portfolio management, and track records.

• Demonstrated knowledge of structured finance/securitization of Private Credit, Middle Market or Broadly Syndicated Loans along with leveraged loans, high yield credits and ability to deal with complex and variable issues where development of an approach/ action involves weighing various alternatives and balancing potentially conflicting needs.

• Good analytical skills in filtering, prioritizing and validating potentially complex material from multiple sources.

• Excellent organizational skills, prioritizing capabilities, attention to detail, and the ability to complete assignments within required deadlines in a fast-paced environment

• Effective interpersonal and written/verbal communication skills

• Pro-active disposition with ability to work autonomously and within a team; proficiency with various business applications (e.g., Excel, Word, PowerPoint)

• Experience in technology or operation/ process enhancements.

Education:

• Bachelor’s/University degree, Master’s degree preferred