Icm Real Estate Underwriter

2 weeks ago


Sydney, Australia Citi Full time

Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization. ICM’s objective is to provide integrated “end-to-end” credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise. Within ICM, the Credit Underwriting function (ICM-UW) provides analysis, underwriting, first-line-of-defense credit approval and subsequent credit monitoring across all ICG wholesale credit businesses including Banking, Capital Markets, and Advisory (BCMA), Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS).

The APAC Real Estate Underwriter (“Real Estate Underwriter_APAC”) will be responsible for all underwriting activities including memo production, transaction diligence, oversight responsibilities and quality control for GSP Commercial Real Estate Secured Lending as well as a portfolio of pre and post non-conforming and reverse residential securitization structures across non-bank financial institutions.

KEY RESPONSIBILITIES:

- Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:

- Review due diligence and prepare internal committee packages for approval for balance sheet commercial real estate loans
- Understand and analyze different local real estate markets in the APAC region
- Adoption of leading practices in credit analysis, underwriting, and monitoring, including the end-to-end underwriting process, from early origination discussions to development of credit approval memos, and senior approval forums
- Supports function’s close engagement with global and Regional Business Heads, Independent Risk, regulators, and other control functions
- Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
- Provide first line of defense credit approval for the most complex transactions

SPECIFIC CREDIT EXPERIENCE:

- Underwriting and credit approval authority covering large and complex underwritings, capital commitments, derivatives with multi-industry experience
- Experience in and exposure to global credit risk management standards
- Ability to understand capital markets products and complex financing and product structures
- Ability to provide strategic insights and strong sensitivity to macro and regulatory issues, and impact of such issues on the various Risk families, including operational and franchise risks
- Able to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with banking and product organizations
- Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit

CLIENT RELATIONSHIPS / BUSINESS PARTNERSHIP:

- Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices of competitors
- Navigates organizational complexity and breaks silos
- Creates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functions
- Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships
- Proven track record of partnering with global peers in leveraging and implementation of best practices
- Proven track record driving strong Culture and Thought Leadership through groups and functions

QUALIFICATIONS:

- 7-10 years credit related Commercial Real Estate work experience in banking/financial institutions
- Credit Officer or Senior Credit Officer designation or on track to obtain
- Proven ability to effectively engage with regulators and internal control functions including
- Internal Audit and Fundamental Credit Risk as well as with external audit
- Demonstrates strong ethics and integrity
- Ability to see the ‘big picture’ in a complex environment
- Can make decisions under pressure and short timeline
- Excellent verbal & written communication skills. Active listening skills.
- Excellent presentation skills - adept at presenting effectively to audiences of various sizes and various constituencies

EDUCATION:

- Bachelor's/University degree, Master's degree preferred
- **Job Family Group**:
Risk Management
- **Job Family**:
Credit Decisions
- **Time Type**:
Full time
- 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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