Credit Risk Securitization - Vice President

Citigroup Inc.; Mumbai; On-site; INR 3,000,000 - 4,500,000; Full time

Job summary

Citigroup Inc. is seeking an experienced Underwriter to support credit decisions for real estate credit portfolios. The role involves analyses of financial data, stress testing, and ensuring CAM packages are complete and well-documented.

The ideal candidate has 8-10 years of relevant experience, familiarity with rating agency methodologies, and strong written and verbal communication skills. Office-based role with potential for collaboration across teams.

Qualifications

• 8-10 years relevant experience.
• Experience at a rating agency underwriting Residential Real Estate or credit risk in financial services.
• Familiarity with rating agency methodologies, preferably in securitizations and non-bank financial institutions.
• Ability to apply credit and risk principles toward business goals.
• Demonstrated ability to synthesize, prioritize and drive results with urgency.
• Highly organized and able to manage multiple projects in a fast-paced environment.

Responsibilities

• Ensure Credit Approval Memo (CAM) packages are complete, accurate and thoroughly documented.
• Support Senior Underwriters in making recommendations/credit decisions, including risk ratings and regulatory classifications.
• Conduct in-depth analyses of financial data and information provided by clients.
• Perform projection modeling, stress testing using diverse sources.
• Assess deal strengths, weaknesses and risk factors.
• Ensure transactions comply with regulatory Citi guidelines, policies and procedures.
• Monitor credit relationships including ARs, QRs, and CCRs.
• Inform bankers of deterioration in operating performance based on financial reporting.
• Assist during internal audits and external regulatory exam responses.
• Remain conversant on safe and sound risk practices within Real Estate Credit policies.

Skills

Analytical Thinking

Credible Challenge

Financial Analysis

Governance

Policy

Procedure

Regulation

Risk Management Lifecycle

Education

Bachelor’s degree

Master’s degree preferred

Job description

The Underwriter is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

• Ensure Credit Approval Memo (CAM) packages are complete, accurate and thoroughly documented.

• Support Senior Underwriters in making recommendations/credit decisions, including risk ratings and regulatory classifications.

• Conduct in-depth analyses of financial data and other information provided by clients.

• Conduct projection modeling, stress testing and other analyses using research and evaluations from a wide variety of sources.

• Assess deal strengths, weaknesses and risk factors.

• Ensure all transactions are follow regulatory and Citi guidelines, policies and procedures.

• Remain current on all aspects of the credit relationship, including exposure, compliance, and potential credit concerns.

• Oversee periodic relationship credit monitoring including Annual Reviews (ARs), Quarterly Reviews (QRs), and Criticized Credit Reviews (CCRs).

• Inform bankers of any deterioration in operating performance based on financial reporting.

• Support Senior Underwriters during internal audits and external regulatory exam responses.

• Conversant on safe and sound risk practices within Real Estate Credit including all policies, procedures, laws, regulations and risk limits specific to their Portfolio.

Qualifications:

• 8-10 years relevant experience.

• Previous experience working at a rating agency underwriting Residential Real Estate or credit risk in the financial services industry.

• Strong familiarity with rating agency methodologies, preferably in securitizations and non-bank financial institutions.

• Ability to apply credit and risk principles toward business goals.

• Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency.

• Highly organized and able to work in a fast-paced environment managing multiple projects and possess effective interpersonal, organizational and analytic skills.

• Solid organizational skills with ability and willingness to work under pressure and manage time and priorities effectively with little to no supervision.

• Highly effective written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority.

Education:

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

Working Environment: office setting, minimal travel may be required.
Effort: minimal physical effort required.

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Job Family Group:

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Job Family:

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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