Director - Credit Portfolio - Citi - New York

Job description

Citigroup’s Global Industries Risk (“GI”) department has an opening for a Director level Credit & Portfolio Group Manager role in New York.

The risk management function supporting Citigroup’s Institutional Client Group (“ICG”) has three components namely GI (covering North American and Western European corporate credits and global industries), Regional Markets (“RM”, focusing on corporate credits in APAC, LATAM and CEMEA) and Financial Institutions Risk Management (covering financial institutions credit).


Responsibilities include credit analysis, credit approval, and active monitoring of the portfolio to identify credit migration. GI works in parallel with the ICG bankers and product specialists, in order to make informed decisions through an understanding of the credit, structure and profitability features of each relationship.

GI integrates credit analysis and portfolio management in one unit, and works with business to ensure an appropriate return on capital. GI has credit responsibility for a large number of firms throughout the world, ranging from large cap investment grade to highly leveraged non-investment grade credits.

The combined GI&RM organization has about 500 employees in more than 50 countries throughout the world. GI&RM is organized along an industry and regional matrix.

Purpose of role

As a member of GI, and specifically within the TMT (Telecommunications, Media and Technology) team, this senior position is primarily responsible for all day-to-day credit activities of the North American Technology portfolio, including managing a team of two Portfolio Bankers. The role will also have portfolio management responsibility for the Global Technology portfolio. This leader must also own and develop responses to strategic issues such as improving systems and processes.

Key responsibilities
Maintain and manage a portfolio of complex cross-product (derivatives, trade financing), cross-market (senior bank / bond) transactions. Transactions include acquisition financings, leveraged financings, recapitalizations, and securitizations.
Primary industry coverage as Portfolio Manager for technology in the North American market as well as managing the global technology portfolio. This will include leading industry/portfolio reviews and facilitating industry related.
Work with Capital Markets counterparts on credit approval and execution of transactions identifying key risks and structuring transactions to mitigate credit concerns.
Provide leadership and guidance to team members responsible for the deal approval process, including preparation of credit approval memos and transaction execution with product partners.
Lead special projects including stress testing, FCR, Risk Rating processes, Credit Policies and other programs across product groups.
Train and mentor analysts and associates to help them develop knowledge across products and industries interface with Banking and Products.
Proactive identification of deterioration in client risk profiles and initiate remedial management as necessary to protect Citi’s interest.
Aspire to achieving an Industry Specialist designation for technology.
Take an active role in developing staff and acting as a thought leader on supporting new initiatives and risk management tools.

Development value
This role supports significant and important industries at Citi and this person will have the opportunity to shape the firm’s approach to dealing with transactions in the telecommunications and media/entertainment industries.
This role has the opportunity for exposure to other industries within the GI&RM organization.
This role will regularly interact with clients as transactions are being structured and contracts are being negotiated.
This person will have access to Citi’s relationship managers and will have the opportunity to develop a more thorough understanding of a client’s business plan.
Capability to seamlessly move from one industry or geography to another on market opportunities.

Qualifications
Strong understanding of corporate finance, banking and capital markets products and services.
Strong product and TMT industry knowledge.
Solid understanding of policies and procedures impacting the Credit Risk Management framework.
Sound risk and business judgment on the full spectrum of risk issues.
Independent problem solving skills.
Ability to work autonomously as direct manager is not locally based.
Strong written and verbal communication skills with the ability to present analysis and recommendation in a succinct manner.
Proven strong analytical skills with good attention to detail, ability to provide big picture decision making and to mentor junior staff.
Demonstrated aptitude for tackling analytical questions through quantitative modeling and the analysis and manipulation of large data elements.
Ability to meet deadlines created due to business needs.
Ability to conduct onsite due diligence visits with relationship managers.
Proven ability to lead and manage a team.
SCO designation
Bachelor’s degree in Business Administration, Finance, or Economics preferred
10+ years credit risk or relevant experience, preferably gained at either Citigroup or at a major institution
An MBA, CPA, or CFA preferred and formal Credit Training is a plus

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