Credit Risk Management Commodities - Director

This Director (C-15) position will be a Risk Manager on the North American Regional Credit team and be responsible for:

1) Risk Managing Commodities credit exposures. 

2) Risk Approving new Commodities credit exposure transactions.  Candidates should have Senior Credit Officer (SCO) experience.

The position will interact heavily with Citigroup’s Commodities organization, as well as Corporate Banking, Institutional Credit Managment, and other product/markets groups in pursuit of its portfolio management and credit approval duties. 

This position will be located in Houston, Texas.

 Key responsibilities:

  • Maintain and manage a portfolio of credit exposures (including IG and NIG counterparties) to Citi's North American Commodities clients in compliance with Citigroup’s policies, procedures and best practices
  • Provide credit risk approval for new transactions and periodic credit reviews as an SCO (or SCO 2). Transactions include structured and regular-way commodities trades. Partner and collaborate closely with Citi relationship and product organizations
  • Maintain adherence to single name and portfolio concentration limits
  • Participate in scheduled and ad-hoc Commodities portfolio stress testing
  • Communicate clearly with Citi Markets and Relationship Management organizations, particularly with respect to “pushback” (transactions not to be approved, modification to structure or additional due diligence/conditions to approval)
  • Ensure appropriate credit terms in transaction legal documentation
  • Advise and make concise approval recommendations to senior management
  • Interact directly with FCR, IA and banking regulators during their periodic and ad-hoc reviews
  • Mentor and guide junior team members
  • Provide on the job training to new team members and other constituents
  • Assist with special projects 
  • Co-manage troubled assets with Special Assets colleagues
  • Work with Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis

Qualifications and Competencies:

  • Bachelor’s degree in Business Administration, Finance, or Economics preferred
  • An MBA, CPA, or CFA preferred and formal Credit Training is a plus
  • Seasoned SCO or SCO 2 required
  • 10+ years credit risk experience, preferably gained at either Citigroup or at a major financial institution
  • Knowledge of and multiple years of experience in managing Commodities credit risk
  • Demonstrated ability to lead and inspire seasoned risk subordinates and collaborate effectively with relationship and product partners.
  • Strong understanding of corporate finance and bank and capital markets products and services 
  • Experience in Commodities legal documentation, including Master Agreements and bespoke egal documentation for complex structures.
  • Ability to work within the bank’s credit risk management framework, policies and procedures
  • Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external audit
  • Proven strong analytical and credit analysis skills with good attention to detail and ability to provide big picture decision making
  • Ability to conduct business due diligence and assess a company’s strengths and weaknesses and competitive position within its industry
  • Independent problem solving skills, ability to prioritize and meet deadlines
  • Strong written and verbal communication skills with the ability to present analysis and recommendations in a succinct manner to senior stakeholders
  • Ability to handle adversity, to push back on industry and product partners and to help them transform inferior deals into acceptable ones

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Job Family Group:

Risk Management

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Job Family:

Credit & Portfolio Risk Management

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Time Type:

Full time

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Primary Location:

Houston Texas United States

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Primary Location Salary Range:

$170,000.00 - $300,000.00

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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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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.