Director Credit & Portfolio Citi Long Island City

Job description
This position is for a Senior Risk Manager/RCCO in US CCB Independent Risk covering Asset Based Finance (ABF) and reporting directly to the Regional Risk Head for North America. The individual is the Senior Risk approver for Asset Based Finance activities in the US. Responsible for managing risk as it impacts the P/L and balance-sheet of the business unit on both a portfolio and name by name basis.



Skills
Duties require strong analytical, verbal and written skills and an ability to employ knowledge of credit risk unique to ABF. Employees within this function:
Will have contact with all levels of internal management including Business and Risk seniors in the US.
Will be expected to build relationships with risk, business and finance partners to facilitate streamlining and alignment of a global standard, while sharing ABF best practices in all market segments.
Will be involved with the development of enhanced tools for forecasting and strategic planning, as well as new measures for tracking and monitoring risk and risk concentrations as well as limit management.
The intention is to provide a well-balanced knowledge base that will ultimately increase professional flexibility, backup coverage and exposure to all group tasks.

Responsibilities
Assist in the structuring of credit opportunities to ensure that risk and reward metrics are appropriately balanced.
Ensure that all credit extensions are in compliance with target market, collateral, documentation, legal and regulatory requirements.
Promote a strong and balanced risk management culture and demonstrate rigorous credit analysis in the underwriting and portfolio management processes.
Lead execution of key projects.
Provide oversight and mentoring for both Relationship Managers and in-business credit managers to build a credible "first line of defense".
Assess the implications to other Risk disciplines when approving transactions.
Lead cross functional teams to build, maintain and employ sound credit processes.
Identify potential mitigants of risk in complex situations or transactions.
Use available tools and portfolio management techniques to effectively identify and assess trends and risks in the portfolio.
Assess overall risk infrastructure and linkages within Citi's architecture.
Anticipate client needs (internal and external) and proactively generate ideas to deliver innovative solutions and improve Citi’s competitiveness. Ensure that escalated client issues are resolved with urgency.
Monitor portfolio performance, monitor exceptions, and recommend, where appropriate, to refocus Business strategy and credit approval workflows to be more effective and efficient in turnaround and the quality of approvals.
Effectively manage and develop both own team and others; provide candid and honest feedback on an on-going basis.
Build strong partnerships across CCB functions/regions. Create and sustain a network of strong working relationships and leverage business expertise to perform critical, time sensitive analyses.
Partner with risk officers related to all aspects of their responsibilities: annual credit reviews, transaction approvals, portfolio reviews, classified credit reviews, exposure analysis.
Take on high level problems with limited definition in sufficient depth and breadth in order to uncover root causes, develop solutions and translate into specific recommendations for action.
Participate in regular portfolio reviews and other risk oversight activities.
Maintain a high degree of technical and policy understanding with respect to credit risk.
Complete Ad-hoc analysis & reports to satisfy internal and Regulatory requests.

Technical Skills

· Strong credit and analytical skills with knowledge of credit products including derivatives, FX, letters of credit.

· Familiarity with internal bank systems and platforms. Attention to detail with focus on maintaining data integrity.

· Knowledge of collateral and U.S. collateral perfection requirements.

· Experience with direct management of remedial accounts is valuable.



Non-Technical Skills

· Minimum Bachelor’s degree required. MBA or equivalent advanced training preferred.

· Minimum 5 years’ experience in commercial lending risk management and/or related assignments.

· Minimum 2 years of people management experience preferred.

· Senior Credit Officer (SCO) approval authority or equivalent required.

· Broad exposure to Commercial and Industrial (C&I) lending.

· Detail oriented with ability to work independently and prioritize workload

· Written and verbal communication skills - ability to express and communicate concisely and clearly

· Energetic, responsive team player with the interest to take initiative and work in a fast-paced environment



Competencies

· Ability to balance risk and reward.

· Supportive of prudent business growth.

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