Remedial Management, Vice President

Citi; Mumbai; On-site; INR 3,500,000 - 6,000,000; Full time

Job summary

Citi's Risk Management organization in Mumbai is seeking a high-caliber professional for the Remedial Management, Vice President role. You will provide independent valuation and financial analysis for stressed exposures, supporting restructuring, recovery, refinancing and exit strategies.

You will work with internal and external stakeholders, develop robust valuation reports, and contribute to process improvements within Remedial Management.

Qualifications

• 8-13 years of relevant experience in credit analysis, corporate restructuring, distressed debt, or special assets.
• Ability to analyze financial statements, business plans and cash flows across industries.
• Experience with valuation methodologies including DCF and multiples.

Responsibilities

• Conduct detailed valuations of distressed assets including corporate entities and collateral.
• Develop and maintain financial models using DCF, liquidation, and market-based methods.
• Perform scenario analysis and stress testing for restructuring and enforcement strategies.
• Evaluate borrower business plans, cash flow forecasts and turnaround strategies.
• Monitor collateral values and borrower circumstances to inform recovery decisions.
• Prepare valuation reports for credit committees and senior management.
• Support enforcement strategies and asset disposals when needed.

Skills

Credit analysis

Valuation

Financial modeling

Stressed assets

Education

Chartered Accountant (CA)

MBA in Finance

CFA

Tools

Microsoft Excel

Job description

Citi's Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front-line units. We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.

We're currently looking for a high caliber professional to join our team as Remedial Management, Vice President (Internal Job Title): Remedial Management, Vice President(C13) based in Mumbai, India. Being part of our team means that we'll provide you with the resources to meet your unique needs, empower you to make healthy decisions 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

The Special Assets Valuations Senior Analyst (VP) is responsible for providing independent valuation and financial analysis support for the Bank’s portfolio of stressed and distressed exposures. The role supports strategic decision-making related to restructuring, recovery, refinancing, enforcement, and exit strategies by assessing the value of underlying collateral, businesses, and loan cash flows.

Working closely with Special Assets Transactors, Internal / External stakeholder, the senior analyst will independently evaluate complex credit situations and provide recommendations that optimize recovery outcomes while ensuring compliance with the Bank’s risk management framework.

In this role, you're expected to:

Credit Analysis & Portfolio Management

• Conduct detailed valuations of distressed assets, including corporate entities, commercial real estate, and other forms of collateral supporting non-performing loans
• Develop and maintain financial models using discounted cash flow (DCF), liquidation, and market-based valuation methodologies
• Perform scenario analysis and stress testing to assess recovery prospects under various restructuring and enforcement strategies
• Evaluate borrower business plans, cash flow forecasts, and turnaround strategies to determine viability and repayment capacity
• Analyze financial statements, management accounts, and industry trends to identify key valuation drivers and risks

Credit Recovery and Remedial Management Support

• Assess collateral coverage, recovery values, and potential loss estimates to support provisioning and impairment decisions
• Prepare valuation reports and recommendations for internal credit committees, senior management, and regulatory reviews
• Closely monitor performance of portfolio accounts and identify changes in collateral values or borrower circumstances that may impact recovery outcomes
• Assist with enforcement strategies, asset disposals, and insolvency proceedings, where required
• Contribute to the development of new analytical techniques, workflow enhancements, and process improvements within the Remedial Management function

Stakeholder Management & Governance

• Liaise with SA transactors, Credit Risk Managers, Legal, and Finance teams to ensure a coordinated approach to problem-credit management
• Present valuation findings and recovery recommendations to senior stakeholders and governance committees
• Ensure all valuations comply with the Bank’s internal policies, regulatory standards, and accounting requirements
• Maintain comprehensive documentation supporting valuation assumptions, methodologies, and recommendations
• Support on ad hoc projects and take on initiatives to streamline and enhance the VCAT BAU processes and valuation framework
• Independently support internal audits, regulatory reviews, and model validation exercises

As a successful candidate, you'd ideally have the following skills and exposure:

• Experience: 8-13 years of relevant experience in credit analysis, corporate restructuring, distressed debt, special assets, or corporate/investment banking.
• Ability to analyze and evaluate financial statements, corporate business plans, and cash flows across a diverse range of industrial sectors.
• Hands-on experience with corporate valuation methodologies, including Discounted Cash Flow (DCF) and relative valuation (multiples) techniques.
• Advanced financial modeling and analytical skills, including proficiency in Microsoft Excel and financial analysis tools.
• Good written and verbal communication skills, with a proven ability to negotiate, influence decisions, and build relationships with senior internal and external stakeholders.
• Ability to work autonomously with high accountability, while also collaborating effectively as a proactive team player.

Education:

• Chartered Accountant (CA), Master of Business Administration (MBA) in Finance, Chartered Financial Analyst (CFA), or an equivalent advanced professional degree.

Preferred:

• Experience working on valuations of distressed debt, restructuring transactions, or insolvency cases is highly desirable.

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.

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