1+ months

Lending Credit Underwriter (Securities Backed Finance)

Citigroup
New York, NY 10176
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Citi Private Bank (CPB) is looking for a dynamic credit professional to join a rapidly growing business segment as Citi recently announced the creation of Citi Global Wealth, unifying wealth management teams in Global Consumer Banking (GCB) and the Institutional Clients Group (ICG). Citi Global Wealth is a single, integrated platform serving clients across the wealth continuum, from the affluent segment to ultra-high net worth clients. The ideal candidate will have experience in underwriting plain-vanilla as well as tailored credit solutions to Private Bank clients with a focus on margin lending.


**Job Summary:**


+ Credit structuring and underwriting of Margin & Securities-Backed Finance for Citi Private Bank clients in North America.

+ Underwriting will focus principally on securities backed margin facilities and Standby Letters of Credit.

+ Manage existing portfolio of Private Bank credit relationships.

+ Coordinate margin call deferrals/approvals.


**Major Job Responsibilities:**


+ Coordinate with CPB US Banker teams and Investment Finance (Lending) Transactors to the initiation and underwrite new margin lines (liquid/diversified collateral) credit transactions. Manage the Private Banker teams expectations, set workflow schedules and priorities to ensure timely completion of credit transactions within standard turnaround timeframes.

+ Conduct due diligence, follow standard underwriting guidelines within the framework of CPB Risk Core Credit Policies and procedures and the Global margin lending product program (including KYC review, risk rating and collateral analysis, etc.).

+ Participate in document negotiations, prepare standard loan documentation and arrange with the banker teams and their clients to have loan documents executed.

+ Ensure all assigned annual reviews are completed on schedule with minimal extensions/deferrals.

+ Coach and advise banker teams on basic credit policies, procedures, and product structure.

+ Partner effectively with other product specialty teams: Capital Markets Desk and documentation group, Loan Operations, Letters of Credit Dept, Trust, etc.

+ Manage deal pipeline database, coordinate accurate MIS within the Lending Team.

+ Comply with all Fair Lending and other federal banking regulations, including proper notification standards and disclosure rules under ECOA/Regulation B.


**Knowledge/Skills Required:**


+ Must have thorough knowledge and experience underwriting Marketable securities backed lending.

+ Experience and working knowledge of standard securities backed loan documentation.

+ Familiar with Federal Banking Regulations, including Fair Lending regulations (ECOA, Reg O, Reg U, Reg W, etc.)

+ Strong oral and written communication skills.

+ Strong organizational skills and ability to manage time effectively in a fast-paced, high volume environment.

+ Good working knowledge of systems/MIS such as Word, Excel, PowerPoint, standard credit databases.

+ Ability to effectively negotiate with bankers, internal peers, and occasionally external clients, as well as coordinate with outside counsel when necessary.

+ Minimum of 5+ years of corporate middle market, consumer banking or private banking credit underwriting experience for a nationally known bank or financial institution.


**Education:**


+ Bachelor degree. Preferably with a business or finance major.

+ Formal in-house bank credit training is strongly preferred.


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**Job Family Group:**


Private Client Product Services

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**Job Family:**


IF Margin & Sec Backed Finance

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**Time Type:**


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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.


Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. 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 (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .


View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .


View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .


View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)


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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
Posted: 2021-10-20 Expires: 2022-06-09
Sponsored by:
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Lending Credit Underwriter (Securities Backed Finance)

Citigroup
New York, NY 10176

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