CLM Associate, Healthcare

Citigroup; Chicago (IL); On-site; USD 96,000 - 145,000; Full time

Benefits offered by this job

Medical, dental & vision

401(k) plan

Paid time off

Job summary

Citigroup's Commercial Lending Management (CLM) within the North American region seeks a dynamic credit professional to join the US CLM Healthcare team as an Assistant Vice President. The role covers underwriting, credit analysis, structuring, and monitoring of diverse lending products for corporate clients.

Based in Chicago, IL, the AVP will partner with Relationship Managers and Independent Risk to deliver credit solutions, perform due diligence, and ensure proper risk rating, covenant

Qualifications

• Underwriting, due diligence and credit analysis for diverse borrowers.
• Portfolio monitoring and reporting to risk committees.
• Collaborate with Relationship Managers and Independent Risk teams.

Responsibilities

• Underwrite and structure credit facilities for commercial banking clients.
• Monitor credit risk, covenants and portfolio performance on an ongoing basis.
• Support risk reviews and documentation to ensure compliance with Citi policies.

Job description

Citi's Commercial Bank (CCB) for the North American (NAM) region is a rapidly growing business, targeting emerging, mid- and larger-sized companies based in the United States or Canada, with annual revenue generally from $100 million to $3 billion. To facilitate the CCB's wholesale lending activities, Commercial Lending Management (CLM) serves as an in-business credit risk function organized around our strategic industries and global target market approach. CLM plays a critical role of the client delivery model for the CCB, translating thought-leadership, industry and product expertise, and an end-to-end ownership of the credit relationship into best-in-class lending solutions. We are seeking a dynamic and motivated credit professional to join the US CLM Healthcare team. The CLM Assistant Vice President facilitates the end-to-end lending process for a covered industry vertical directly supporting the responsible Credit Officer. CLM is essential for the delivery of a wide range of financial solutions to Citi CCB clients, working in direct partnership with Relationship Managers and Independent Risk, to execute on the firm's and client's business objectives. This can include working capital solutions, term loans, treasury and liquidity management services, foreign exchange, trade finance and interest rate derivatives. The primary responsibilities of CLM include credit underwriting, due diligence, structuring and documentation, and portfolio monitoring. As part of the business and in direct partnership with relationship coverage Relationship Managers, CLM teams provide thorough, objective analysis of the financial condition and credit worthiness of borrowers, including product/market conditions, as well as the appropriate credit structure based on various risk considerations. The CLM Assistant Vice President is responsible for the underwriting and monitoring of credit risk associated with capital deployed across a variety of lending products appropriate for commercial banking relationships. Provides critical support with driving internal analytical work product that serves to underpin credit approval decisions and maintains ongoing credit oversight of the lending portfolio relationships through quarterly and/or annual reviews along with covenant and other reporting monitoring, as applicable. As this is a general industries position, the CLM Assistant Vice President should leverage internal expertise for each industry/specialty vertical to gain knowledge of the unique sector/product drivers and key performance indicators to make well-informed credit underwriting decisions and proactively manage the portfolio based on a dynamic environment. The CLM Assistant Vice President role also requires the individual to develop an understanding of various Citi and CCB-specific credit policies, processes, and procedures, and how to apply these concepts consistently in practice, including ensuring the portfolio is appropriately risk-rated and classified, properly secured (if applicable) and that early warning signs are established and proactively addressed. CLM represents a critical "first line of defense" control function for the bank, ensuring the CCB's credit process is conducted in accordance with all internal and regulatory frameworks, and is responsive to relevant inquiries. The CLM Assistant Vice President plays an important role in meeting a high standard for owning the work product of their respective portfolio and represent their covered accounts in numerous highly visible forums. An Assistant Vice President in CLM can contribute to strategic projects for NAM or Global CLM initiatives and provide critical inputs that direct the future of credit formation within CCB. Additionally, is expected to identify, create and deliver the necessary technical skills training to various teams across CCB to promote the development and application of credit skills, as well as mentoring of more junior and other support staff.

Job Family Group

Risk Management

Job Family

Credit Risk

Time Type

Full time

Primary Location

Chicago Illinois United States

Primary Location Full Time Salary Range

$96,400.00 - $144,600.00

Benefits

• In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may