Senior Vice President, Credit Specialist, Private Banking

Citigroup Inc.; Singapore; On-site; SGD 120,000 - 150,000; Full time

Job summary

A global financial services provider is seeking a Senior Vice President, Credit Specialist in Private Banking for its Singapore location. The role involves comprehensive credit risk management, financial analysis, and overseeing credit transactions within the wealth sector. Ideal candidates will have over 10 years of experience, strong analytical skills, and the ability to manage complex credit transactions. This position offers opportunities for professional growth and development.

Benefits

Access to telehealth options

Generous paid time off packages

Learning and development resources

Qualifications

• Minimum 10 years of experience.
• Strong and proven analytical, financial structuring, and execution skills.
• Experience as a credit officer.
• In-depth knowledge of financial analysis including financial and cash-flow modeling.

Responsibilities

• Assist Lending Advisors with preparing Credit Greenlight memos.
• Perform full credit underwriting with appropriate risk-return characteristics.
• Prepare credit applications ensuring accuracy and completeness of data.
• Conduct financial analysis including cash flow statements.
• Evaluate collateral covering various asset classes.

Skills

Analytical thinking

Communication skills

Financial analysis

Negotiation skills

Problem-solving

Education

Bachelor’s degree

Master’s degree

Job description

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.

We’re currently looking for a high caliber professional to join our team as Senior Vice President, Credit Specialist, Private Banking based in Singapore. 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.

• Citi provides programs and services for 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.
• 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.

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 a 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.

In this role, you’re expected to :

• Assist Lending Advisors with preparing Credit Greenlight memos (as applicable)
• Strong knowledge of Citi’s credit policies, product programs and policies
• 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
• Provide in‑business credit risk approval on credit applications
• Prepare and negotiate credit documentation for facilities, including liaison with internal and external legal counsel, as required; as well as undertake the annual review of documentation
• Prepare, review and monitor compliance to facility covenants and approval conditions
• 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
• Supporting business partners in margin call/limit excess deferrals and approvals
• 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
• This is a senior credit underwriter role; candidate should have extensive experience in handling complex credit transactions in wealth
• Participating and leading strategic projects and team tasks
• On‑going training and development of more junior team members

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

• Minimum 10 years of experience
• Strong and proven analytical, financial structuring and execution skills
• Experience as a credit officer
• An in‑depth knowledge and understanding of financial analysis including financial and cash‑flow modelling
• Ability to digest complex or detailed issues and articulate them in clear and concise manner to stakeholders
• 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
• Dependable team player

Education

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

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

This is a 1st line of defense job role and works closely with the business partners in lending and client management.

Job family information

Risk Management
Credit Risk
Full time

Most relevant skills

Analytical thinking
Constructive debate
Escalation management
Financial analysis
Policy and procedure
Policy and regulation
Product knowledge
Risk controls and monitors
Risk identification and assessment

Other relevant skills

Credible challenge
Data analysis
Laws and regulations
Management reporting
Referral and escalation
Risk remediation

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

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