Underwriter - Senior Vice President

Citi; Mumbai; Hybrid; INR 3,000,000 - 6,000,000; Full time

Benefits offered by this job

Hybrid working model

Professional development and training

Wellbeing support and health resources

Global network exposure

Job summary

Citi in Mumbai is seeking a Senior Vice President, Underwriter to lead credit analysis, underwriting, and risk oversight for complex transactions. The role emphasizes end-to-end underwriting, rigorous financial review, and collaboration with Front Office and risk teams. Strong communication and regulatory engagement are essential.

The position offers a hybrid work model, exposure to global Citi networks, and opportunities to influence credit risk practices across NAM/APAC/EMEA regions.

Qualifications

• 10+ years risk/risk-related credit work experience in banking/financial institutions.
• Ability to effectively engage with regulators and internal control functions including Internal Audit.
• Demonstrates strong ethics and integrity.
• Ability to see the ‘big picture’ in a complex environment.
• Can make decisions under pressure and short timeline.
• Excellent verbal & written communication skills.
• Active listening skills and strong presentation abilities.

Responsibilities

• Adopt leading practices in credit analysis, underwriting, and monitoring across end-to-end processes.
• Review financial analysis, due diligence, projections, and stress tests conducted by junior resources.
• Review and approve Credit Approval Memos (CAM) packages for transactions.
• Partner with Front Office on structuring and production of term sheets for new transactions.
• Facilitate relationships with key clients, regulators, Internal Audit, and risk control functions.
• Support ICM Underwriting initiatives and strategic projects as required.

Skills

Analytical Thinking

Credible Challenge

Financial Analysis

Governance

Policy & Regulation

Procedure

Risk Management Lifecycle

Education

Bachelor's degree

Master's degree preferred

Job description

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact on where we live and work through volunteerism.

Shape your Career with Citi:

We’re currently looking for a high caliber professional to join our team as Senior Vice President, Underwriter - Hybrid (Internal Job Title: Underwriter - C14) 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.
• 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 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.

Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a first line of defense business line, to house and consistently manage credit risk activities performed for Citi’s institutional clients. ICM’s objective is to provide integrated end-to-end credit underwriting, identification, measurement, management, and monitoring for wholesale credit across the enterprise. Within ICM, the Credit Underwriting function (“ICM UW” or “UW”) provides credit analysis, underwriting, and first line of defense credit approval for periodic / material transaction reviews, and any necessary subsequent credit monitoring across all institutional business including Corporate Banking, Services, and Markets relationships.

ICM Underwriters manage a portfolio of relationships across NAM/APAC/EMEA region, being responsible for the continuous monitoring of that portfolio. That includes the production of annual reviews, quarterly reviews, and the support of ad-hoc transactions and portfolio & industry reviews and stress testing, in partnership with Front Office business as applicable and Risk. This role reports to Director of ICM Underwriter.

Key Responsibilities:

• Adoption of 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
• Detailed review of financial analysis, due diligence, projection modeling, stress testing, risk ratings and other in-depth analysis performed by junior resources
• Review and approval of Credit Approval Memos (CAM) packages
• Partner with Front Office on structuring and production of term sheet for new transactions
• Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
• Support ICM Underwriting organization on strategic initiatives / projects as required

Risk Management Experience:

• Senior credit approval authority covering large and complex underwritings, capital commitments, derivatives with multi-industry experience
• Experience in and exposure to global credit risk management standards
• Ability to understand capital markets products and complex financing and product structures
• Ability to provide strategic insights and strong sensitivity to macro and regulatory issues
• Able to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with banking and product organizations

Client Relationships / Business Partnership:

• Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices of competitors
• Navigates organizational complexity and breaks silos
• Creates and sustains a network of strong partnerships with the business in all segments' geographies and other risk functions
• Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships
• Proven track record of partnering with global peers in leveraging and implementation of best practices

Qualifications:

• 10+ years risk/risk-related credit work experience in banking/financial institutions
• Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit
• Demonstrates strong ethics and integrity
• Ability to see the ‘big picture’ in a complex environment
• Can make decisions under pressure and short timeline
• Excellent verbal & written communication skills
• Active listening skills
• Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies
• Bachelor’s/University degree or equivalent, Master’s degree preferred

What We Offer

• Opportunities to grow your career locally and collaborate with colleagues across Citi's global network
• A hybrid working model that balances in-office collaboration with remote flexibility
• Investment in your professional development through training programmers, mentorship, and skill-building opportunities
• Employee wellbeing support including medical coverage, mental health resources, parental leave, and family support programmes
• Competitive retirement contributions and investment options to support your long-term financial goals

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Job Family Group:

Risk Management

Job Family:

Credit Risk

Time Type:

Full time

Most Relevant Skills

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

Other Relevant Skills

Constructive Debate, Escalation Management, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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 Citi’s EEO Policy Statement and the Know Your Rights poster.