WHOLESALE CREDIT RISK ANALYST - OFFICER

Citigroup; Irving (TX); On-site; USD 59,000 - 83,000; Full time

Job summary

An established industry player is seeking a Credit Risk Analyst to join their team in Irving, Texas. This role involves performing in-depth credit risk analysis and monitoring of key relationships, utilizing both quantitative and qualitative assessments. The ideal candidate will have a strong academic background in finance or accounting and demonstrate excellent analytical skills. You will be responsible for producing credit memos and risk ratings while collaborating with stakeholders to ensure compliance with credit policies. This position offers a dynamic work environment with opportunities for professional growth and development.

Benefits

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Wellness programs

Paid time off packages

Qualifications

• Understanding of credit risk and financial components.
• Ability to perform credit assessments and write memos.

Responsibilities

• Assess credit and financial strength of counterparties.
• Perform continuous monitoring of the portfolio.

Skills

Credit Risk Analysis

Financial Analysis

Communication Skills

Analytical Skills

Microsoft Office

Education

BA/BSc in Finance

MBA or higher in Business

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

• Institutional Credit Management Risk Analysis (IRAUs) is an integral part of the Institutional Credit Management (ICM) Underwriting organization. The IRAUs mandate is to deliver best-in-class credit risk analysis, monitoring and credit administration as a partner to ICM Risk and Banking shared commitment to ensuring the safety and soundness of wholesale lending across ICM.
• ICM Risk Analysis Credit Risk Analysts are responsible for a portfolio of ICM Risk Relationships, owning the Credit Risk Analysis for those relationships, and being responsible for the continuous monitoring of that portfolio. Credit Risk Analysts are expected to use their industry and financial knowledge to perform credit assessments, including applying discretionary judgment on aspects that relate to credit risk ratings, regulatory classification and credit recommendation to second line of defense. That includes the production of Annual Reviews, Quarterly Reviews, Transactions memos.
• A Credit Risk Analyst is expected to have a basic understanding of credit risk, leveraging off an academic background Finance, Accounting, or Business Administration. They should need close supervision from their respective Credit Risk Team Lead but take each interaction opportunity to further learn about credit risk, industry fundamentals, effective writing and communication.
• This role role reports directly to the assigned portfolio's Credit Risk Team Lead.
• Key Responsibilities :
• Assess the credit and financial strength of Citis counterparts by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
• Complete Credit Analysis Write-up Memos and Final Obligor Risk Ratings of Citis Counterparties based on independent assessment and judgement completed on the due diligence of the client and industry knowledge to provide appropriate extensions of credit remaining within Risk appetite.
• Perform Transaction memos approvals in a timely manner according to Business priority, discretionary recommendation should be documented in the memo on the proposal.
• Exercise discretion and independent judgement based on the analysis performed to make recommendations to second line of defense on risk ratings, classifications and proposal.
• Continuous monitoring of the covered portfolio, including following industry trends, impacts to key relationships, and escalation of potential credit issues to IRAU Team Leads, ICM Risk and Banking partners
• Partnership with applicable regional and industry stakeholders in Banking and Independent Risk in the implementation of credit assessment and monitoring standards for applicable portfolios
• Support ICM Risk Analysis Voice of the Employee (VOE) initiatives
• Travel (less than 10%)
• Risk & Credit Underwriting :
• Fundamental analytical skills, including an understanding of key financial components (liquidity position, leverage profile) with the ability to identify root causes and trends and anticipate horizon issues
• Demonstrates basic knowledge of financial statements and GAAP accounting or similar governance relating to country of operation
• Displays basic industry research capabilities, including risk and key drivers
• Basic understanding of Credit Policy and procedures; proactively refers to resources as needed
• Demonstrates ability to identify potential risk issues that need escalation and escalates them promptly
• Able to articulate orally and in written credit recommendations for decision making using judgement and knowledge from the credit analysis
• Leadership :
• Displays a deep commitment and positive attitude to Citi and colleagues, is reliable, and eager to do more
• Embraces the need for change and appreciates its benefits with natural curiosity
• Demonstrates professionalism by being reliable, actively contributing in meetings, asking questions and challenging ideas
• Interpersonal skills, with the ability to build relationships
• Organizational skills with ability and willingness to work under pressure and manages time and priorities effectively
• Strong written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority
• Technical :
• Microsoft Office (Word, Excel, and PowerPoint) skills
• Knowledge of Financial Modeling Concepts
• Qualifications :
• BA / BSc in Finance or Accounting or higher degree in Business (MBA), or any other related subject
• Job Family Group :
• Job Family :

Credit Decisions

• Time Type :

Full time

• Primary Location :

Irving Texas United States

• Primary Location Full Time Salary Range :

59,200.00 - $82,600.00

In addition to salary, Citis 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.

• Anticipated Posting Close Date :

Oct 09, 2024

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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Credit Risk Analyst • Irving, TX, United States