The Real Estate Risk Sr Manager accomplishes results through the management of professional team(s) and department(s) that underwrites commercial real estate (CRE) loans originated for balance sheet and CMBS distribution. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Will oversee risks taken in connection with real estate activities which includes extension of credit that are secured by liens on or interests in real estate when real estate security (or real estate activity, or an asset sale, or a refinancing) is contemplated as a first or second way out.
Responsibilities:

• Subject matter expertise of real estate and capital markets to analyze and identify risks on new transactions, convey decisions on approvals structure and risk rating.
• Prepare annual and periodic risk reviews of Real Estate groups and assist in the documentation.
• Monitor and review exposures related to real estate risk while ensuring compliance with credit and equity policies.
• Participate in customer calls, attend bank/customer/site meetings and assist in the development and implementation of appropriate client account strategies.
• Assist in the preparation of Prepare portfolio reviews, product programs, portfolio stress tests and other risk reporting tasks.
• Participate in the Fundamental Credit and Risk Review process and other audits.
• Assist in Provide training/overseeing portfolio risk analysis, ad-hoc regulatory requirement needs, and other ad-hoc assignments.
• Utilize internally-developed risk systems to review and approve credit approval and risk rating work flows for internal documentation purposes.
• Advise senior risk managers in addressing complex real estate issues.
• Ability to identify and analyze situations that create risk and legal liability for Citi.
• Assess Key Risk Indicators that are relevant to the areas covered; understands how they are collected; identifies deviations for acceptable levels/trends.
• Knowledgeable about different markets, products, strategies, analytical tools, financial and risk databases and associated risks.
• Assesses the spectrum of risks and how those risks arise from all new product offerings.
• Perform critical reviews of externally prepared commercial appraisals or environmental assessments.

Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• 3-5 years in commercial real estate, preferably with exposure to CMBS and/or structured finance.
• Solid understanding of commercial real estate transactions and industry terms
• Familiarity with loan workouts, special servicing or REO assets a plus.
• Candidate should possess high analytical skills and an ability to communicate reviews and reports both in writing and in oral presentations. Computer, analytical and quantitative skills with ability to perform credit analysis. Proficiency in MS Word , Excel and Argus (equivalent), as well as database management experience.
• Excellent attention to detail. Willingness to learn new products. Possess complex and diverse knowledge of financial services, knowledge of Citi is a plus. Comprehensive understanding of applicable industry regulations and standards.

Education:

Bachelor’s/University degree

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In addition to salary, Citi’s 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.

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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.

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