VP, Wealth Credit Management Underwriter

3 months ago

Hong Kong, Hong Kong SAR China Citi Full time
At Citi, we get to connect millions of people across hundreds of cities and countries every day. And we've been doing it for more than 200 years. We do this through our unparalleled global network. We provide a broad range of financial services and products to our clients - whether they be consumers, corporations, governments or institutions - to help them meet their biggest opportunities and face the world's toughest challenges.

Shape your Career with Citi

Citi Global Wealth (CGW) brings together the full power of Citi to serve the entire continuum of wealth clients, from affluent to ultra-high net worth to family offices. The strategies we create help our clients maintain liquidity while maximizing yields, transact in foreign currency and across borders, and manage fluctuating expenses or cash flow. We are uniquely suited to helping our clients meet their banking needs across regions through our global network.

We're currently looking for a high caliber professional to join our team as Vice President, Wealth Credit Management Underwriter - Hybrid (Internal Job Title: Underwriter - C13) based in Hong Kong. Being part of our team means that we'll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
  • Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
  • We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That's why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
  • We empower our employees to manage their financial well-being and help them plan for the future.
  • Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
  • We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
  • We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.
In this role, you're expected to:

The Lending business of Wealth offers a diverse product range including Securities Backed Lending (SBL), Commercial Real Estate (CRE), Aircraft, Art-backed Finance as well as tailored solutions to target market clients of the Private Bank. Wealth Credit Management (WCM) is a critical component of the First Line of Defense for credit risk management and works within the business with Independent Risk partners to ensure best-in-class risk and controls, as well as client responsiveness.

Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and associated administration with Citi Global Wealth lending activities. Within WCM, Wealth Credit Management Underwriter manages a portfolio of clients with lending requirements. The lending is typically fully collateralized against either investment portfolios, Commercial Real Estate, Aircraft, Art Collection, or Illiquid Listed Stocks. We expect the incumbent to be credit professional who stays abreast of developments within own field and contributes to directional strategy of the Private Banking Lending business. It would be an added advantage if the candidate also has a recognized technical authority in this field. We also expect the candidate to have basic commercial awareness for lending transactions. This is an individual contributor role and part of a larger regional team, thus good inter-personal communication and interaction skills are required in order to guide, influence and convince other internal stakeholders, and occasionally external customers as well.
  • Act as 1st Line of Defense job role and works closely with the Business Partners in Lending and Client Management
  • Assist Lending Advisors with preparing Credit Greenlight memos (as applicable)
  • Full credit underwriting with appropriate risk return characteristics based on Citi's Credit and Product Standards, policies and procedures
  • Preparation of Credit Applications ensuring accuracy and completeness of data
  • Financial Analysis including cash flow statements
  • Collateral Evaluation covering investment portfolios, commercial real estate, art, aircraft and other asset classes
  • Prepare and negotiate credit documentation for facilities, including liaison with internal and external legal counsel, as required; as well as undertaking the annual review of documentation
  • Prepare and review facility covenants
  • Assist in Portfolio Management, including Annual Credit Reviews, covenant monitoring and compliance, waivers and extensions and all related system maintenance with the Data Management Teams.
  • Problem Recognition and assisting with classified loans remedial management
  • Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its 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.
As a successful candidate, you'd ideally have the following skills and exposure:
  • Bachelor's/University degree or equivalent experience
  • 6-10 years of experience
  • Strong and proven analytical, financial structuring and execution skills
  • Experience as a credit officer
  • Strong knowledge of Citibank's Credit Policies, Product Programs and Citi Policies
  • An in-depth knowledge and understanding of Financial Analysis including Financial and cash flow modelling
  • Excellent communication (written and verbal) and interpersonal skills
  • Good negotiation skills
  • Strong initiative and interactive approach to problem solving
  • Displays flexibility and independence in a demanding environment
  • Team Player
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei
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Job Family Group:
Risk Management
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Job Family:
Credit Decisions
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Time Type:
Full time
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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 .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .

View the EEO Policy Statement .

View the Pay Transparency Posting

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