What are the responsibilities and job description for the Global Head of Wealth Credit Management position at Citigroup Inc?
Wealth is a Division of Citi focused on serving the needs of clients across the entire wealth spectrum. It serves over 500,000 clients through its global footprint in Asia, EMEA, Latin America, and North America. Wealth delivers a wide range of products and services covering capital markets, managed investments, portfolio management, lending, and banking.
Job Background / Context :
The Wealth Lending business offers a diverse product range including Securities Based Lending, Commercial Real Estate (CRE) and Residential Real Estate finance (RRE), Aircraft, Subscription Credit Facilities (SCF), Art-backed Finance as well as tailored solutions to target market clients of the different business segments of Wealth.
The Wealth Credit Management (WCM) team is a critical component of our First Line of Defense for credit risk management and works with our Independent Risk partners to ensure best-in-class processes, risk and controls, as well as client responsiveness. Key responsibilities include credit analysis and approvals, portfolio management, credit documentation, risk identification, monitoring and administration associated with Wealth's Wholesale and Retail lending activities. The scope of responsibilities and scale of this team continues to evolve over time to ensure it can meet the needs of the business.
WCM's mission is to provide best-in-class credit analysis and monitoring which is risk-differentiated, thoughtful, timely, and which conforms to applicable local and global regulatory expectations for safety and soundness in their relevant jurisdictions.
WCM Head coordinates across Wealth and with Institutional Credit Management (ICM) and other credit management groups across Wholesale and Retail / Consumer to ensure full alignment on business and regulatory goals, as well as consistency and best practices where appropriate
Wealth Credit Management Head
- The Global Head of Wealth Credit Management will be a member of the Wealth Lending Leadership Team for Wealth.
- The incumbent of this role will be tasked with leading a global team of 1LOD In-Business Risk specialists with the initial, primary responsibility to perform the analysis and due diligence for the credit approval, 1LOD approval, deal execution and closing as well as ongoing portfolio monitoring, quality assurance and underwriting governance. The team will co-ordinate closely with the Lending Advisors to support all Lending.
- The Global Head of WCM will drive the development of the WCM function including recruitment of top underwriting talent and organizational enhancements as the scope of responsibilities and scale of this team evolves over time to continue to meet the lending needs of the Wealth organization.
- This is a highly demanding role, requiring strong leadership, governance and oversight founded on exemplary lending and underwriting experience as well as knowledge and experience of Citi's Credit Policies, Standards, and Procedures, risk management practices and regulatory expectations
KEY RESPONSIBILITIES :
Interpret the global strategy and drive execution of frameworks, programs, and technological solutions to achieve the following key mandates :
Define, establish and manage scalable end-to-end processes for the core production pillar. Specifically, this would include
SPECIFIC CREDIT EXPERIENCE
MANAGEMENT CAPABILITY
BUSINESS / RISK PARTNERSHIP
QUALIFICATIONS :
Job Family Group : Risk Management
Job Family : Credit Decisions
Time Type : Full time
Primary Location :
New York New York United States
Primary Location Full Time Salary Range :
250,000.00 - $500,000.00
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.
Anticipated Posting Close Date :
Feb 04, 2025
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Salary : $250,000 - $500,000