This is a senior underwriter position responsible for leading activities including credit review, credit approvals and monitoring the portfolio to identify credit migration in coordination with the Risk Management team. The overall objective of this role is to manage Citi's portfolio exposure to client and counterparties globally.
Responsibilities:
- Maintain and manage a portfolio of credit exposures (including IG and NIG loans, derivatives, Insurance LCs cash management products) to Citi's North American clients operating in Insurance (Life, Property & Casualty, Health), Reinsurance and insurance broker segments.
- Manage transaction deal approval process including preparing credit approval memos in partnership with relationship and product partners and making approval recommendations to senior risk managers. Transactions include Citi product offering in loan financing, derivatives and securitizations, as well insurance letter of credit and cash management.
- Review, approve, and manage annual and quarterly credit reviews
- Co-manage troubled assets with workout colleagues including valuation analysis, amendment approvals and periodic credit reviews
- Assist with special projects including stress testing, portfolio reviews and, internal audits
- Negotiate key credit terms in legal documentation for loans and derivatives.
- Meet with clients and sponsors to conduct due diligence
- Work with risk colleagues on risk mitigation at both inception of transaction and on an ongoing basis
Job Qualifications
- Previous work experience in risk management with a large banking institution supporting Insurance
- Solid experience in credit managing derivatives, FX and other capital markets products.
- Strong understanding of corporate finance, bank and capital markets products and services and ability to model company financial statements
- Ability to work within the banks Credit Risk Management framework, policies and procedures
- 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 created due to business needs
- Strong written and verbal communication skills with the ability to present analysis and recommendations in a succinct manner to senior risk managers
- Bachelor’s degree in Finance, Accounting or Economics preferred
- 10-15 years credit risk or relevant experience, preferably gained at either Citigroup or at a major financial institution
- An MBA, CPA, CFA or formal Credit Training is a plus
- SCO or other credit officer approval authority experience is a plus
- Demonstrated work ethic and influencing skills
Education:
- Bachelor's degree/University degree or equivalent experience
- Master's degree preferred
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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:
$200,000.00 - $300,000.00
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.
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Most Relevant Skills
Analytical Thinking, Constructive Debate, Escalation Management, Financial Analysis, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Anticipated Posting Close Date:
Aug 06, 2025------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.
Citi Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Citi and has not been reviewed or approved by Citi.
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Healthcare Strength — Health coverage is presented as comprehensive, including free in-network preventive care, mental-health resources, and the Be Well Program. Materials also state new hires have access to health and insurance benefits from the outset.
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Retirement Support — The retirement plan offers a $1-for-$1 match up to 6% of eligible pay. New employees are eligible for the plan, with automatic enrollment after 90 days if they do not enroll themselves.
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Inclusive Benefits Coverage — Benefits highlight fertility treatment coverage, adoption/surrogacy reimbursement up to $30,000, and disability coverage. Coverage extends to spouses and domestic partners regardless of gender identity or sexuality, with gender-affirming care-related support noted.
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