Risk - Real Estate Risk Exec Group Manager - C16 - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

The Real Estate Risk Exec Group Manager manages multiple teams of senior professionals through other senior managers.

The job requires a broad and comprehensive understanding of the different systems, theories and practices relevant to a function as wellas practical experience of multiple business cycles.

In-depth knowledge of the industry and direct competitors' products/services is also necessary in order to contribute to the commercial objectives of the business.

Requires thorough understanding of strategicdirection of the function within the business, combined with a solid conceptual/practical grounding in both the function and/ or area of expertise.

Excellent communication skills required in order to influence a wide range of audiences.

The job is likely tobe involved in both internal and external negotiations which will have a major impact on the area managed, and possibly on other related areas and organization as a whole.

Develops medium
- to long-term plans and executes functional strategies for a large/complexcountry, cluster of countries, or business requiring coordination and integration across units. Provides input into strategic decisions affecting job family or function within a region or business. Full management responsibility of multiple teams, includingmanagement of people, budget and planning. Has authority to negotiate and make independent decisions on issues/activities that have critical impact or influence on company revenues, capital or business operations. Typically, a direct report to an EB role andsits on the highest functional leadership team within a region, job function, or global business.

Responsibilities:

Manages a team overseeing risks taken in connection with real estate activities which includes extension of credit that are secured by liens on or interests in real estate, direct and indirect private equity and public market real estate investments, capitalmarkets, construction lending, servicing any consumer or commercial loan undertaken when real estate security or real estate activity, or an asset sale, or a refinancing is contemplated as a first or second way out.
Partner with Regional Risk heads and global product head(s) to set the risk appetite for real estate globally. Builds partnerships across functions/regions; collaborates with others to identify problems, provide solutions, and reach agreements. Influencesdecisions that have impact on company revenues and assets
Participate in all relevant regulatory calls and structuring discussions. Ensure that all risk and relevant return issues are fully vetted and properly addressed or elevated.
Process all necessary approvals in a timely but responsible manner ensuring that the transactions meet all necessary Credit Policy and Product Program requirements.
Participate in all appropriate client meetings and property visits to ensure level of due diligence is completed and to maintain market knowledge.
Work closely with internal auditors and outside regulators to ensure all appropriate compliance requirements are maintained.
Work with regional risk/PM's to complete detailed portfolio reviews on a minimum of an annual basis.
Involvement with senior business and risk management in all regions to ensure full understanding of the issues that are of key concern for the product.
Stay ahead of the market with an understanding of the effective asset pricing, competitive loan structuring and market supply/demand component.
Subject matter expert in risk systems infrastructure including key processes, coverage and data flows in order to identify risk effectively. Analyzes risk in terms of its potential impact on the capital and P&L relevant to the business unit. Suggests alternativesto improve Citi's position/approach.
Assesses the spectrum of risks and how those risks arise from all new product offerings.
Creates risk mitigation plans and is able to identify early problem detection and prescribed recommended remedial action planning.
Negotiates (internally and externally) complex products and tools that maintain large impact to the Citi enterprise. Responds to tactics and keeps negotiations on track
Establishes plans of action based on complex knowledge of different markets, products, strategies, analytical tools, financial and risk databases and associated risks.
Leading and managing a staff of Real Estate professionals, with direct accountability for hiring and organizational structure. Has direct oversight for compensation, performance appraisals, staff development, training, etc. Provides input on performanceand compensation recommendations for Real Estate officers and utilities that provide Real Estaterelated services on a matrix basis. This position requires a keen interest in both real estate and capital markets as well as affordable housing and communitydevelopment.

Qualifications:

Extensive years previous experience in the Financial Services industry or Masters/Advanced degree,
MAI designation from the Appraisal Institute
Possess complex and diverse knowledge of financial services, knowledge of Citi is a plus. Technical expertise, expert knowledge of products, tools and associated risks. Excellent ability to communicate and negotiate in a cross functional environment. Abilityto influence senior executives and key clients internally or externally. Highly developed project management abilities. Comprehensive understanding of applicable industry regulations and standards (i.e., USPAP, FIRREA, ASTM).

Education:

Bachelor's/University degree, Master's degree preferred; managerial experience

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Risk Management