Financial Risk Manager for Corporate Clients

5 days ago

New York, New York, United States Citigroup Inc Full time
Job Description

Citigroup Inc. is a global financial institution providing financing solutions to non-investment grade corporate clients worldwide.

The Banking Capital Markets & Advisory (BCMA) group at Citigroup acts as lead arranger for many of these issuers, and the Leveraged Finance Group in the Capital Markets Origination (CMO) group focuses on serving clients in the financing of acquisitions, mergers, buyouts, recapitalizations, and spinoffs.

This role requires close collaboration with the Leveraged Finance Credit Risk Manager and the team, Leveraged Finance Underwriting Group (LFU), CMO, Investment Banking, and Corporate Banking to make approval decisions for underwritings and holds on leveraged lending transactions, refinancings, and amendments.

The ideal candidate will provide leadership on risk and diligence issues, industry trends, capital structure, exposure management, syndication strategy, terms, and returns, ensuring that this high-risk business remains within appropriate risk tolerances.

Key Responsibilities:

  • Manage screening/reviews and approvals for non-investment grade holds and underwritings.
  • Evaluate complex deal structures across industries in the context of prevailing capital market conditions.
  • Make recommendations on transactions above specified amounts to senior management regarding credit approvals and declines.
  • Monitor the leveraged loan and high-yield portfolio with focus on timely syndication of underwritten positions, performance, and classification of hold book and hedging of outsized or underperforming assets.
  • For the hold book, manage and monitor a portfolio of leveraged finance names, including quarterly and annual reviews, risk rating accuracy, ongoing determination of emerging risks, and decisioning or recommending of incremental exposure requests.
  • Participate in discussions with senior management on strategic and exposure management decisions.
  • Work globally with partners in BCMA and LFU, which are part of Institutional Credit Management (In-Business Risk).
  • Support the Leveraged Finance Portfolio Manager on requests from Senior management, Credit Review/Audit, and regulators.
  • Assess financings with respect to earning threshold returns on capital.
  • Exercise leadership to address due diligence, capital structure, and syndication issues.
  • Protect the firm against franchise and reputation risk.
  • Oversee underwriting limit compliance and develop solutions to mitigate potential excesses.
  • Coordinate with LFU on portfolio management and reporting.
  • Co-manage criticized assets with Special Assets colleagues, including valuation analysis, amendment approvals, and monthly credit reviews.
  • Participate in regulatory interactions, communicate regulatory updates to internal constituencies as required.
  • Provide support for stress tests, CCAR, and other internal processes.
  • Develop skills of junior staff across the organization through training and transactions.

Qualifications:

  • Current Senior Credit Officer (or external equivalent) approval authority with at least 10 years of experience in credit and structuring.
  • Experience in a complex, matrixed organization focused on credit approval, governance, controls, risk management at a top-tier institution.
  • Multiple, successful risk management roles over time spanning a range of products, industries, and geographies.
  • Strong knowledge of corporate finance concepts, leveraged finance experience strongly preferred.
  • Bachelors degree required, preferably in business, finance, or related field, Masters degree preferred.
  • Excellent oral and written communications skills.
  • Capable of prioritizing and multi-tasking in a dynamic, fast-paced environment.

Benefits:

Citigroup offers competitive employee benefits, including medical, dental, and vision coverage, 401(k), life, accident, and disability insurance, and wellness programs.

In addition, employees receive paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.

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