Vice President, Credit Underwriter, Private Banking

Citigroup Inc.; Singapore; On-site; SGD 150,000 - 200,000; Full time

Job summary

A global financial services firm in Singapore is seeking a Vice President, Credit Underwriter for Private Banking. The role involves managing credit risk through thorough financial analysis, documentation preparation, and compliance monitoring. Ideal candidates have 5-7 years of credit management experience and a strong analytical background. Join our team to leverage your skills in a dynamic environment and contribute to effective lending strategies.

Benefits

Wellness programs

Learning and development resources

Generous paid time off

Qualifications

• 5-7 years of experience in credit management in a private bank.
• Experience as a credit officer is an advantage.
• Strong and proven analytical, financial structuring and execution skills.

Responsibilities

• Develop strong knowledge of Citi’s Credit Policies and Product Programs.
• Full credit underwriting with appropriate risk-return characteristics.
• Preparation and negotiation of credit documentation for facilities.

Skills

Analytical Thinking

Financial Analysis

Communication skills

Negotiation skills

Problem-solving

Education

Bachelor's/University 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 Vice President, Credit Underwriter, 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. 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 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 prefer 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 :

• Develop strong knowledge of Citi’s Credit Policies, Product Programs and overarching Citi Policies
• Full credit underwriting with appropriate risk-return characteristics based on Citi's Credit and Product Policies, Standards 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 undertaking 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
• Assist Lending Advisors with preparing Credit Greenlight memos (as applicable)
• 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
• 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:

• 5-7 years of experience in credit management in a private bank
• Experience as a credit officer is an advantage while candidates with relevant experience in a private bank will also be considered
• Strong and proven analytical, financial structuring and execution skills
• Strong 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
• Bachelor's/University degree

This is a 1st Line of Defense job role and works closely with the Business Partners in Lending and Client Management

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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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.

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Other Relevant Skills

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

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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.

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