ICM Underwriting Credit Associate - Corporate Credit - REITs/REOCs

Citi; New York (NY); On-site; USD 109,000 - 164,000; Full time

Job summary

Citi is expanding its Institutional Credit Management (ICM) to strengthen first-line defense across wholesale credit. The ICM Credit Associates in Real Estate Corporate Loan Portfolio monitor NAM portfolios, prepare annual and quarterly reviews, and support ad-hoc transactions in collaboration with Front Office and Risk.

The role emphasizes under-writing, CAM packages, financial analysis, stress testing, and risk assessment, with strong engagement across Banking, Risk, Regulators, Internal Audit

Qualifications

• 3-7 years relevant experience
• Experience in effectively engaging with various functions
• Demonstrates strong ethics and integrity
• Ability to understand the ‘big picture’ in a complex environment
• Strong verbal & written communication skills. Active listening skills
• Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies
• Proficient presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies
• Bachelor’s/University degree or equivalent experience

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
• Drafting of Credit Approval Memo (CAM) packages including but not limited to ensuring they are complete and accurate
• Conducting initial financial analysis, due diligence, projection modeling, stress testing, risk ratings and other in-depth analysis
• Support relationships with key stakeholders in Banking and Risk and with key Regulators, Internal Audit, and control functions
• Support ICM Underwriting organization on strategic initiatives /projects as required

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

Education

Bachelor’s/University degree or equivalent experience

Job description

Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a first line of defense business line, to house and consistently manage credit risk activities performed for Citi’s institutional clients. ICM’s objective is to provide 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” or “UW”) provides credit analysis, underwriting, and first line of defense credit approval for periodic / material transaction reviews, and any necessary subsequent credit monitoring across all institutional business including Corporate Banking, Services, and Markets relationships.

ICM Credit Associates in Real Estate Corporate Loan Portfolio (“CLP”) manage a NAM (North America) portfolio of corporate clients, focused on REITs, REOCs, Homebuilders, and Gaming, being responsible for the continuous monitoring of that portfolio. That includes the production of annual reviews, quarterly reviews, and the support of ad-hoc transactions and portfolio & industry reviews and stress testing, in partnership with Front Office and Risk.

Key Responsibilities

Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:

• 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
• Drafting of Credit Approval Memo (CAM) packages including but not limited to ensuring they are complete and accurate
• Conducting initial financial analysis, due diligence, projection modeling, stress testing, risk ratings and other in-depth analysis
• Support relationships with key stakeholders in Banking and Risk and with key Regulators, Internal Audit, and control functions
• Support ICM Underwriting organization on strategic initiatives /projects as required

Risk Management Experience

• Experience in and exposure to global credit risk management standards
• Ability to understand financing and product structures
• Ability to assess financial and industry data to conduct credit assessment
• Able to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with stakeholders and product organizations.

Client Relationships / Business Partnership

• 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
• Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships

Qualifications

• 3-7 years relevant experience
• Experience in effectively engaging with various functions
• Demonstrates strong ethics and integrity
• Ability to understand the ‘big picture’ in a complex environment
• Strong verbal & written communication skills. Active listening skills
• Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies
• Proficient presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies
• Bachelor’s/University degree or equivalent experience

------------------------------------------------------

Job Family Group

Risk Management

------------------------------------------------------

Job Family

Credit Decisions

------------------------------------------------------

Time Type

Full time

------------------------------------------------------

Primary Location

New York New York United States

------------------------------------------------------

Primary Location Full Time Salary Range

$109,120.00 - $163,680.00

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 vary by jurisdiction, job level, and date of hire.

------------------------------------------------------

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

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

------------------------------------------------------

Anticipated Posting Close Date

Jul 25, 2025

------------------------------------------------------

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.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.