Director - Underwriter

Citi; New York (NY); On-site; USD 200,000 - 300,000; Full time

Benefits offered by this job

Medical, dental & vision coverage

401(k)

Life, accident, and disability保险

Job summary

Citi's Institutional Credit Management (ICM) is hiring a Senior Underwriter who leads a team of corporate underwriters focused on large, complex relationships in affordable housing. You will deliver credit analysis, underwriting, and ongoing monitoring to protect Citi’s exposures and enable new business with clients.

You will oversee CAM packages, work with front office on structuring term sheets, and partner with Banking, Markets and Risk to maintain strong client relationships while upholding

Qualifications

• 15+ years risk/risk-related credit work experience in the affordable housing finance sector.
• 8+ years managerial experience.
• Proven ability to engage with regulators and internal control functions.
• Strong ethics, integrity, and ability to lead under pressure.
• Excellent verbal and written communication skills; capable presenter.

Responsibilities

• Adopt leading practices in credit analysis, underwriting, and monitoring across the end-to-end process.
• Manage junior resources; serve as a key contact for escalations and guidance.
• Review financial analysis, due diligence, projection modeling, and risk rating.
• Review and approve CAM packages; partner with front office on term sheets.
• Foster relationships with clients, regulators, and internal control functions.
• Support strategic initiatives and cross-functional projects for ICM UW.

Skills

Analytical Thinking

Credible Challenge

Financial Analysis

Governance

Policy

Procedure

Regulation

Risk Management Lifecycle

Education

Bachelor’s degree

Master’s degree preferred

Job description

Institutional Credit Management (ICM) is a key pillar of the Client Organization and stands as Citi's first line of defense in-business credit risk function, overseeing all wholesale credit risk activities for institutional clients by delivering integrated, end-to-end excellence in wholesale credit underwriting, identification, measurement, management, and monitoring across the enterprise. The Credit Underwriting function (ICM UW) provides best-in-class credit analysis, expert underwriting, and first line-of-defense credit approval for periodic and material transaction reviews, alongside credit monitoring for Corporate Banking, Commercial Banking, Services, and Markets relationships, thereby safeguarding Citi’s credit exposures while helping drive new business with clients.

The Senior Underwriter manages a team of corporate underwriters, covering large and complex relationships within the affordable housing sector, being responsible for all credit monitoring activities, in partnership with Citi Community Capital’s Banking and Risk teams. This role reports directly to the Head of ICM: Citi Community Capital Credit Underwriting.

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
• Manage junior resources and serve as a key point of contact for the team for escalations / guidance as required
• Perform a detailed review of the financial analysis, due diligence, projection modeling, stress testing, risk rating, and other in-depth analysis performed by junior resources
• Review and approval of Credit Approval Memo (CAM) packages
• Partner with front office on structuring and production of term sheet for new transactions
• Facilitate relationships with key clients in Banking, Markets, and Risk (as applicable) and with key regulators, internal audit, and control functions
• Support the Head of ICM: Citi Community Capital Credit Underwriting 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
• Demonstrated expertise 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, and impact of such issues on the various Risk families, including operational and franchise risks
• 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
• Proven experience of managing a team
• 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:

• 15+ years risk/risk-related credit work experience in the affordable housing finance sector, including 8+ years' managerial experience
• 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, Master’s degree preferred

Job Family Group:

Risk Management

Job Family:

Credit Risk

Time Type:

Full time

Primary Location:

New York New York United States

Primary Location Full Time Salary Range:

$200,000.00 - $300,000.00

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• 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 vary by jurisdiction, job level, and date of hire.

Most Relevant Skills

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

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