What are the responsibilities and job description for the Underwriter position at Citi?
Citibank, N.A. seeks an Underwriter for its New York, New York location.
Duties: Provide first line of defense credit approval including assessment of obligors’ business risk and credit profile, credit limits, and risk appetite. Adopt 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. Review credit approval memo packages and ensure they are clear, complete, and accurate. Assist bankers and credit analysts in underwriting requests for credit extensions for new and existing clients. Complete periodic credit reviews with a focus on complex and higher dollar exposure transactions. Recommend risk rating and credit classifications based on the credit analysis that is performed under supervision. Work with independent risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis. Facilitate relationships with key clients within banking and risk, and with key regulators, internal audit and control functions. Support underwriting heads on strategic initiatives and projects. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.
Requirements: Requires a Bachelor’s degree, or foreign equivalent, in Accounting, Business Administration, Finance or related field and 7 years of progressively responsible, post-baccalaureate experience as a Credit Risk Group Manager, Associate, Relationship Manager or related position involving conducting credit risk analysis for a global financial services institution. 7 years of experience must include: Credit underwriting and credit monitoring, including new client onboarding and new deal origination; Conducting fundamental industry research, including analyzing macroeconomic data and industry trends; Conducting credit analysis and financial analysis for corporations, including reviewing credit documents and negotiating terms and conditions; Financial modeling and enterprise valuations; Credit and industry limits monitoring; and Institutional banking. 5 years of experience must include: Setting up credit facilities; and Training and mentoring junior bankers and credit analysts. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #24777393. EO Employer.
Wage Range: $200,000 to $200,000
Job Family Group: Risk Management
Job Family: Credit Decisions
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Time Type:
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Primary Location:
New York New York United States------------------------------------------------------
Primary Location Full Time Salary Range:
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.
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Anticipated Posting Close Date:
Oct 18, 2024------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
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View the EEO Policy Statement.
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Salary : $130,000 - $200,000
