Whether you’re at the start of your career or looking to discover your next adventure, your story begins here.  At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks.  We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning.  You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

We’re currently looking for a high caliber professional to join our team as Director, ASEAN Corporate Credit Underwriting Cluster Head - Hybrid (Internal Job Title: Underwriter- C15) based in, Philippines.  Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decisions and manage your financial well-being to help plan for your future.  For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

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 the 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 Corporate Regional Markets and Public Sector Credit Underwriting function (ICM-CRMPS) provides analysis, greenlight, underwriting, first-line-of-defense credit approval and subsequent credit monitoring across all corporate and public sector clients. 

The ASEAN Corporate Credit Underwriting Cluster Head and ICM Head of Philippines (“ASEAN Corporate Underwriting Cluster Head and ICM Head of Philippines”) manages a team of Corporate Underwriters, covering large and complex relationships within the ASEAN region (Singapore, Malaysia, Indonesia, Thailand, Philippines and Vietnam), being responsible for all underwriting activities, in partnership with Banking and Risk.

In addition, the individual, in their capacity as the ICM Head of Philippines, will be responsible for delivering ICM’s capabilities in the Philippines and managing our in-country footprint across teams in Citibank N.A. (CBNA) and Regional Operating Headquarters (ROHQ) in Manila. They will work closely with ICM functional heads in the Philippines and country businesses, as well as risk partners, to ensure best-in-class wholesale credit management capabilities. The individual will play an important role in partnering with global and country management teams to deliver a cohesive unit for our franchise in this space.

This role reports directly to the Head of ICM CRMPS for Asia South and JANA and matrix reports into the Citi Country Officer and Banking Head of Philippines and the ICM Asia South Cluster Head.

In this role, you’re expected to:

• Provide first line of defense credit approval for the most complex transactions
• 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, and senior approval forums
• Supports function’s close engagement with global and Regional Business Heads, Independent Risk, regulators, and other control functions
• Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
• Representing ICM in the Country Coordination Committee.
• Co-ordinating with regional and global seniors of the various ICM verticals to ensure the franchise in Philippines delivers best-in-class wholesale credit management capabilities.
• Manage large, diverse, and high performing team
• Support the functional and matrix managers on their strategic initiatives/projects
• Support VOE initiatives

Specific Risk Experience

• Senior credit approval authority (or similar designation) covering large and complex underwritings, capital commitments, derivatives with multi-industry experience
• 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  
• Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Credit Risk and Review as well as with external audit

Client Relationships/ Business Partnerships

• Proven ability to manage stakeholders at local, regional and global level to deliver a cohesive ICM franchise in the Philippines.
• 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
• Proven track record of partnering with global peers in leveraging and implementation of best practices
• Proven track record on managing individuals and teams on multiple locations, driving strong Culture and Thought Leadership through groups and functions

As a successful candidate, you’d ideally have the following skills and exposure:

• 15+ years of experience with at least 10 years of relevant experience
• Experience in risk/risk-related credit work experience in banking/financial institutions
• Senior Credit Officer designation (or similar designation) or higher is required
• Prior experience in 1st line of defense would be preferred
• Proven ability to effectively engage with regulators and internal control functions including Internal Audit and Credit Risk and Review as well as with external audit
• Demonstrates strong ethics and integrity
• 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
• Education: Bachelor's/University degree or equivalent. Master's degree preferred

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com

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Job Family Group:

Risk Management

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Job Family:

Credit Risk

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Time Type:

Full time

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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.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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