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The Multifamily Affordable Underwriter, AVP is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. Involved in coaching and training of new recruits Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual.

Responsibilities:

Develop recommendations to adjust credit policies by analyzing credit and financial performance utilizing statistical scoring, segmentation, regression and simulation techniques

Implement initiatives to ensure consistency and compliance with credit policies

Utilize SAS in a UNIX environment to perform risk, financial and data analysis including profiling, sampling, reconciliation, and quality testing

Prepare risk management presentations for senior management that include analytics on portfolio performance, emerging trends and areas of opportunity

Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency

Qualifications:

5-8 years relevant experience

Previous experience in credit card risk management or equivalent training and experience preferably in the financial services industry

Ability to apply credit and risk principles toward business goals

Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency

Must be highly organized and able to work in a fast paced environment managing multiple projects and possess effective interpersonal, organizational and analytic skills

Extensive knowledge of SAS or SQL programming and literacy with MS Office software required

Education:

Bachelor’s/University degree or equivalent experience

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

Additional Job Description

Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization. ICM’s objective is to provide integrated “end-to-end” credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise. Within ICM, the Credit Underwriting function (ICM-UW) provides analysis, greenlight, underwriting, first-line-of-defense credit approval and subsequent credit monitoring across all ICG wholesale credit businesses including Banking, Capital Markets, and Advisory (BCMA), Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS). The Underwriting associate within Citi Community Capital being responsible for all underwriting activities, in partnership with Business and Risk. This role reports directly to the Deputy Chief Underwriter.

KEY RESPONSIBILITIES:

Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:

Adoption of leading practices in credit analysis, underwriting, and monitoring, including the end-to-end underwriting process, from early origination discussions to development of credit approval memos

Drafting of Credit Approval Memo (CAM) packages including but not limited to ensuring they are complete and accurate

Conducting initial financial analysis, due diligence, projection modeling, stress testing, risk ratings and other in-depth analysis

Support relationships with key stakeholders in Banking and Risk and with key Regulators, Internal Audit, and control functions

Support ICM Underwriting organization on strategic initiatives/projects as required

SPECIFIC RISK EXP ERIENCE:

Experience in and exposure to global credit risk management standards

Ability to understand financing and product structures

Ability to assess financial and industry data to conduct credit assessment

Able to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with banking and product organizations

Experience with Agency Transaction (Fannie Mae and Freddie Mac)

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 well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships

QUALIFICATIONS:

2-5 years risk/risk-related credit work experience in banking/financial institutions. LIHTC experience strongly preferred

Experience in effectively engaging with various functions

Demonstrates strong ethics and integrity

Ability to understand the ‘big picture’ in a complex environment

Strong verbal & written communication skills. Active listening skills.

Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies

Proficient presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies

Ability to analyze real estate projects for feasibility including developing and modeling construction budgets, operating pro formas, reviewing appraisals and other 3rd party reports, analyzing market factors, completing sponsor analysis as well as identifying and mitigating transaction risks.

Strong knowledge of or the desire to learn the nuances of affordable housing, bond and LIHTC transactions.

Excellent communication, organization, and interpersonal skills, as well as the ability to multi-task under tight deadlines.

High attention to detail and the desire to take ownership of a process to drive towards resolutions.

Ability to travel on short notice necessary.

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Job Family Group:

Risk Management

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Job Family:

Credit Decisions

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Time Type:

Full time

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Primary Location:

Reston Virginia United States

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Primary Location Full Time Salary Range:

$103,680.00 - $155,520.00

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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Anticipated Posting Close Date:

Jul 17, 2024

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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.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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 (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .

View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

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View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)

Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.