CAIA's Career Center is an easy-to-use, comprehensive resource connecting job seekers with employers in the growing AI field. Use your knowledge and credibility to advance your career or build a talented team for your organization. Opportunities targeted to CAIA Charterholders are prioritized.
In order to search for jobs specifically for CAIA Charterholders or those pursuing the CAIA Charter please enter “CAIA” in the search panel.
This will enable you to search for CAIA specific roles globally.
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.
ICG Real Estate Risk (RE Risk) is responsible for the management of Citi's Commercial and Residential Real Estate exposures in Europe, Middle East and Africa (EMEA). RE Risk provides specialist approval for all Real Estate transactions, portfolio management and limits setting for risk appetite in the region. RE Risk works in parallel with three different business groups: Global Spread Products (GSP), Banking Capital Markets and Advisory (BCMA) and Citi Private Bank (CPB) bankers and product specialists. Working in conjunction with the first line, we are able to make informed decisions through an understanding of the credit, structure, collateral acceptability and profitability features of each transaction and relationship.
Residential Real Estate exposures are primary booked in GSP (financing third party mortgage originators) and in CPB (residential mortgages provided to CPB clients, including be-spoke large loans and mortgages for the law firm group).
Credit & Portfolio Risk Manager- (EMEA Residential Real Estate)
Some key responsibilities:
Deal Management -
RE Risk Management interface with relevant Origination teams for new credit initiatives, renewals of existing credits and portfolio analysis and management.
Provide direction to analyst teams on the composition, structure and level of analysis required for securitisation and financing activity related to residential mortgage assets.
Define the level of due diligence requirements and work with transactor teams on completion of deal due diligence.
Review and critique Greenlight and Credit Approval Memoranda. Represent RE Risk in client discussions, bank syndication meetings and documentation negotiation.
Oversight of the EMEA GSP and CPB Residential Portfolio (Warehouses, Term Loans, Individual Residential Mortgages)
Involvement in the periodic renewal of the CPB residential real estate program, the primary document which defines the scope of the lending that CPB can undertake in residential real estate.
Approve, manage and report extensions of credit to structured vehicles, corporate entities and Individuals secured by residential real estate or supported by revenues and sales proceeds from real estate activities
Assess and challenge cash flow models, personal net worth statements, sensitivity tables, and stress tests to income and debt serviceability for new and existing transactions.
Risk Mitigation: Work with business and risk seniors on risk mitigation strategies, if required. This may involve undertaking stress tests to assess potential stress losses.
Oversight of Risk Rating Practices
Review of risk rating methodologies for adequacy and accuracy. Suggest updates and amendments. Review and all risk ratings and supporting justifications. Communicate best practices to business.
Quarterly reporting of judgemental risk ratings to CORA.
Interact with Audit and Global Risk Review (including FCR and OCA) personnel for both deal level engagement as well as periodic reviews.
Primary responsibility for Residential Real Estate reporting requirements, and RE limits monitoring. Working in close co-ordination with the global product head for Residential real estate risk based in New York.
Quarterly RRE Exposure and LTV exception Report.
FSA/ EMEA Governance report
ICG Risk Committee Report
Manage a junior risk manager
Train first line and second line analysts / associates in Real Estate risk analysis techniques.
Knowledge, skills and experience required:
Extensive experience of Real Estate lending, preferably residential real estate lending
Knowledge of securitisation strongly preferred.
Strong understanding of corporate finance required.
Strong analytical skills with good attention to detail, ability to provide big picture decision making and to mentor junior staff.
Demonstrated aptitude for tackling analytical questions through quantitative modelling and the analysis and manipulation of large data elements.
Ability to meet deadlines created due to business needs.
Solid understanding of Policies and Procedures affecting the Credit Risk mgmt. framework.
Strong written and verbal communication skills with an ability to present analysis and recommendation in a succinct manner to seniors.
Sound risk and business judgment on the full spectrum of risk issues including franchise risk.
Independent problem solving skills.
Ability to conduct onsite due diligence visits with relationship managers.
Knowledge of various Capital Markets and derivative products and associated documentation.
Senior Credit Officer or assessed to be on path to an SCO title within a defined period of time.
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.
Citi is an Equal Opportunities Employer
Internal Number: 6111407
eFinancialCareers is a career site specializing in financial services.