Credit Risk Senior Analyst

Citigroup Inc.; United States; Hybrid; USD 93,000 - 145,000; Full time

Benefits offered by this job

Generous holiday

Annual bonus

Private medical insurance

Employee Assistance Program

Pension Plan

Parental Leave

Staff discounts

Learning resources

Job summary

Citigroup Inc. in London is seeking a Credit Risk Senior Analyst to manage a portfolio of institutional relationships in the Commodities sector. You will perform in-depth credit analysis, prepare CAMs, and monitor risk across loans, facilities and derivatives, supporting front office with risk mitigations.

The role requires strong financial analysis, GAAP knowledge, and the ability to present well-reasoned proposals to second line. Hybrid work arrangement and competitive benefits are offered.

Qualifications

• Perform fundamental credit analysis of counterparties in the Commodities sector using quantitative and qualitative factors.
• Prepare Credit Approval Memos (CAMs) and assign risk ratings based on independent assessment, due diligence, and client engagement.
• Monitor the covered portfolio continuously, including tracking price volatility, supply/demand fundamentals, and geopolitical risks.
• Review and recommend risk ratings across the Commodities Counterparty portfolio.
• Support senior Underwriters on new transaction approvals, review of trade structures and exposures, and writing of credit memos.
• Demonstrate advanced understanding of liquidity, leverage, cash flow, and GAAP accounting in volatile markets.

Responsibilities

• Perform fundamental credit analysis of counterparties in the Commodities sector using quantitative and qualitative factors.
• Prepare CAMs and assign risk ratings based on independent assessment and due diligence, internal modeling and scorecards, and client engagement.
• Monitor the covered portfolio continuously, including tracking commodity price volatility, supply/demand fundamentals, and geopolitical risks; promptly escalation potential credit concerns.
• Review and recommend risk ratings across the Commodities Counterparty portfolio.
• Support senior Underwriters on all activities related to the assigned coverage including new transaction approvals, review of trade structures and exposures, writing of credit memos and credit administration.

Skills

Credit analysis

Financial analysis

Risk management

Relationship-building

Communication skills

Education

Bachelor's degree in Accounting/Finance/Economics

Tools

Microsoft Office

Internal credit systems

Financial modeling tools

Job description

Citi continues to strengthen its business control and governance framework by building out Institutional Credit Management (ICM), a first line of defense function responsible for managing credit risk activities for Citi's institutional clients. ICM's objective is to deliver 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) provides credit analysis, underwriting, and first line of defense credit approval for periodic and material transaction reviews, as well as ongoing credit monitoring across all institutional businesses, including Corporate Banking, Services, and Markets. The Credit Risk Senior Analyst role is responsible for a portfolio of institutional relationships primarily made up of Commodity traders but also including companies within the Commodities sector such as Power, Natural Gas, and Precious Metals, with credit exposure primarily in the form of loans, borrowing based facilities and derivatives. Responsibilities include providing initial and ongoing credit risk analysis of new and existing clients through a robust underwriting analysis process within Citi's Wholesale Credit Risk Framework, Policies, Procedures and Guidelines; conducting continuous monitoring of client credit quality and exposure; supporting front office origination and marketed transactions with appropriate risk mitigation; presenting timely and well-reasoned greenlight proposals to the 2nd Line of Defense; and preparing and aggregating client data for periodic portfolio reviews. This position reports directly to the Commodities Underwriter Manager.,

• Perform fundamental credit analysis of counterparties in the Commodities sector using quantitative and qualitative factors, including market dynamics and regulatory considerations.
• Prepare Credit Approval Memos (CAMs) and assign risk ratings based on independent assessment and due diligence, internal modeling and scorecards, and client engagement, ensuring alignment within Citi's risk appetite.
• Monitor the covered portfolio continuously, including tracking commodity price volatility, supply/demand fundamentals, and geopolitical risks; promptly escalation potential credit concerns.
• Review and recommend risk ratings across the Commodities Counterparty portfolio.
• Support senior Underwriters on all activities related to the assigned coverage including new transaction approvals, review of trade structures and exposures, writing of credit memos and credit administration. Strong analytical skills with ability to assess liquidity, leverage, and cash flow under volatile commodity price environments.
• Ability to form independent credit opinions and identify risks in derivative transactions and physical trading of commodities.
• Advanced understanding of financial statements, GAAP accounting, and financial spreading including calculation and analysis of key credit ratios.
• Expertise in industry research, including commodity market drivers, regulatory frameworks, and counterparty risk factors.
• Solid experience understanding Credit Policy and ability to benchmark transactions against internal standards.
• Proactive identification and escalation of potential risk issues.

Leadership

• Demonstrates commitment to Citi's values and team collaboration.
• Embraces change and continuous improvement with curiosity and adaptability.
• Professional, reliable, and actively engaged in team discussions.

Interpersonal

• Strong relationship-building skills with ability to influence stakeholders at senior levels.
• Excellent organizational skills; able to manage priorities under time-sensitive conditions.
• Exceptional written and verbal communication skills tailored to diverse audiences.

Technical

• Advanced proficiency in Microsoft Office (Excel, Word, PowerPoint).
• Experience with internal credit systems, templates, and financial modeling tools., Bachelor's degree in Accounting, Finance, Economics, or related field.
• Proven credit experience in Banking or Credit Risk Management, preferably with exposure to Commodities markets and derivative products., Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle. Working at Citi is far more than just a job. A career with us means joining a team of approximately 219,000 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. We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program
• Pension Plan
• Paid Parental Leave
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources