Senior Underwriter - Director

Citi; New York (NY); Hybrid; USD 31,000 - 63,000; Full time

Job summary

Citi in Mumbai is seeking a Director, Senior Underwriter to lead a team of corporate underwriters, overseeing large and complex relationships while aligning with Front Office and Risk.

You will shape underwriting practices, develop credit memos, and drive end-to-end risk assessment in support of institutional clients.

Qualifications

• 15+ years risk/risk-related credit work experience in banking/financial institutions.
• 8+ years managerial experience.
• Proven ability to engage with regulators and internal control functions including Internal Audit.
• Demonstrates strong ethics and integrity.
• Excellent verbal & written communication skills.
• Bachelor’s/University degree or equivalent; Master’s degree preferred.

Responsibilities

• Executes underwriting activities aligned with global/regional strategies across large, complex transactions.
• Manage junior resources and serve as a key point of contact for escalations and guidance.
• Review financial analysis, due diligence, projection modeling, and risk ratings.
• Review and approve CAM packages and coordinate with front office on term sheets.
• Build relationships with clients and regulators, supporting risk governance.

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

Job description

Senior Underwriter - Director

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Job Req Id:

26947024

Location(s):

Mumbai, Maharashtra, India

Job Type:

Hybrid

Posted:

May. 20, 2026

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team 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.

Job Overview

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact on where we live and work through volunteerism.

Shape your Career with Citi

We’re currently looking for a high caliber professional to join our team as Director, Senior Underwriter -Hybrid (Internal Job Title: Underwriter - C15) based in Mumbai, India. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decisions 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 offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

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.

The Senior Underwriter manages a team of corporate underwriters, covering large and complex relationships within [region / industry as applicable], being responsible for all underwriting activities, in partnership with Front Office and Risk.

In this role, you’re expected to perform:

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, 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 [pillar name] Credit Underwriting and the Head of ICM 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

As a successful candidate, you’d ideally have the following skills and exposure:

• 15+ years risk/risk-related credit work experience in banking/financial institutions, 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 or equivalent /Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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 (opens in new window)

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Job Family Group:

Risk Management

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Job Family:

Credit Risk

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Time Type:

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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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