Lead of Western Europe Sovereign Credit Underwriting - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Sovereign Credit Management (SCM) is responsible for establishing a consistent view of country risks and sovereign creditworthiness for Citigroup and for underwriting the firm's sovereign exposures.

It is a new organizational construct that is a part ofthe firm's broader transformation efforts to make Citi more competitive and stronger in managing risks.

Sitting in the 1st Line of Defense, SCM partners closely with Citi's Franchise Management (Regional CEOs/Chief Country Officers), BCMA, Global/Local MarketsTreasury, and other Institutional Credit Management (ICM) underwriting teams, to ensure that country/sovereign risk views are appropriately reflected in the management of Citi's international franchises and full spectrum of sovereign exposures across Citigroup.

Within SCM, the credit underwriting function provides analysis, greenlight, underwriting, first-line-of-defense credit approval and subsequent credit monitoring for sovereign credit extended across all ICG wholesale credit businesses including Banking, CapitalMarkets, and Advisory (BCMA), Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS).

SCM is looking for a Lead of Sovereign Credit Underwriting for Western Europe (WE). This role reports to the Head of Western Europe and NAM Sovereign Credit Underwriting.

KEY RESPONSIBILITIES:

Lead the credit underwriting effort for Western European sovereign clients/exposures
Set a culture which demands excellence in analysis, underwriting, monitoring, thought leadership, and strong execution
Ensure continuous adoption of leading practices in credit analysis, underwriting, and monitoring and drives global consistency across regions
Promote function's close engagement with Regional Business Heads, Independent Risk, regulators, and other control functions to allow critical emerging areas of credit risk to be well understood and disseminated throughout the organization
Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
May be responsible for managing one or more experienced professionals, attracting, developing, and retaining talent for the team
Support the Head of Norther America and Western Europe Underwriting and BSLM, as well as Global Heads of Underwriting, and other global function/business partners on strategic initiatives/projects
Support Voice of the Employee (VOE) initiatives

SPECIFIC RISK EXPERIENCE:

Senior credit approval authority covering large and complex underwritings, capital commitments, derivatives, preferably related to sovereign clients
Track record of managing diverse, highperforming teams preferred
Proven experience in effectively engaging with banking regulators
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

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 wellreasoned, balanced assessments of risk/return tradeoffs associated with transactions and client relationships
Proven track record of partnering with global peers in leveraging and implementation of best practices

QUALIFICATIONS:

12+ years risk/riskrelated credit work experience in banking/financial institutions
Level 2 Senior Credit Officer designation is preferred
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
Strong leadership. Dynamic, flexible, and with strong communication skills
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.
Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies

Excellent presentation skills - adept at presenting effectively to audiences of various sizes and various constituencies

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Job Family Group:

Institutional Banking

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Job Family:

Investment Banking

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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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