Job details
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi’s Export & Agency Finance team.
By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Team/Role Overview:
Trade and Working Capital Solutions ("TWCS") is a market leading, award-winning provider of cash management, cards, and trade solutions to financial institutions, public sector, and corporate clients around the world. With a global network spanning 100+ countries, we are uniquely positioned to service clients with complex local and cross-border interests, offering integrated reporting and management. One of the key divisions of TWCS is the Export & Agency Finance ("EAF") team.
EAF arranges short, medium, and long-term structured financings with the support of Official Agencies, including export credit agencies ("ECAs"), development finance institutions (DFIs), and multilateral development banks (MDBs) for Citi's Banking and Commercial Banking client base. Operating as a global platform, EAF structures, arranges, underwrites, syndicates, and lends bespoke debt financings. These financings mitigate risk through credit and political risk support from Official Agencies, and/or provide access to their funding, lending, or interest support programs.
EAF is executing a growth plan aimed at significantly increasing the volume of transactions originated and executed annually. To support this growth, EAF is establishing a new front-office Environmental & Social Specialist function, which will support the global team by analyzing the environmental and social aspects of EAF-financed projects, ensuring alignment with relevant international E&S standards, Citi's E&S policies, and Official Agency standards. The new role will coordinate closely with Citi’s Environmental and Social Risk Management (ESRM) team, an independent entity responsible for ultimately approving the E&S risk profiles for each deal. Beyond new transactions, the role will oversee E&S issues arising from the existing portfolio, ensuring ongoing compliance with Citi's E&S policies and Official Agency requirements. The role will track and manage the E&S workstreams pre-mandate, during due diligence and during monitoring.
The role will report to the Global Head of EAF and is for a Senior Vice President level candidate, based out of London.
What you’ll do:
- Lead and manage all Environmental & Social (E&S) requirements across the global EAF pipeline.
- Collaborate directly with the EAF front office team throughout the transaction lifecycle to conduct E&S reviews, ensuring adherence to World Bank and IFC Performance Standards, Equator Principles, Citi's E&S policies, and OECD Common Approaches (as utilized by ECAs).
- Identify and mitigate E&S risks within projects. This involves direct engagement with all relevant transaction stakeholders, including the Citi ESRM team, E&S consultants, borrowers, exporters, Official Agencies, and legal counsel. The role requires travel for site visits and providing ongoing monitoring services post-financial close.
- Act as the primary EAF contact with independent E&S consultants, including i) creating the Scope of Works for the appointment of E&S consultants, ii) overseeing the hiring process, iii) monitoring workload and timelines and iv) managing the consultant throughout the transaction lifecycle.
- Coordinate all activities with Citi's ESRM team to ensure optimal resource allocation and prioritization across both the new deal pipeline and existing portfolio management.
Core Responsibilities:
- Implement strategy: Develop and implement strategies and processes for tracking and monitoring E&S requirements across: i) the global EAF pipeline of new transactions, and ii) the existing EAF loan portfolio.
- Coordinate with Citi’s ESRM team: Coordinate all activities and resource allocation with the ESRM team on an ongoing basis to ensure effective coverage of all E&S issues pertinent to the EAF business.
- Manage E&S due diligence: Conduct E&S due diligence for complex EAF transactions across diverse geographies and sectors, including Public Sector, Metals & Mining, Shipping & Transportation, Power, Oil & Gas, Telecom, Infrastructure, Financial Institutions, Aviation and Defence.
- E&S Monitoring: Support the ESRM team in tracking and management of closed EAF transactions that require ongoing monitoring throughout the life of financing arrangements. This includes managing schedule of deal monitoring reports, review of Lender notifications/incident reports, feedback to E&S Consultants and Clients and engaging with other finance parties as needed.
- Risk Assessment: Review E&S risks against relevant international and local environmental standards, Citi's policies, and the OECD Common Approaches to the Environment.
- Provide Advice: Advise deal teams and clients on E&S risks and identify potential mitigants. Ensure any E&S issues emerging on existing transactions are promptly addressed with appropriate front office, middle office, and second line of defence colleagues to ensure loans remain compliant with Citi's policies and the requirements of the Official Agencies.
- Client Engagement: Attend client pitches, kick-off meetings, workshops, and site visits as necessary to support the origination, analysis, and arranging of new deals.
- Manage EAF’s relationship with E&S consultants: Oversee the appointment and management of independent E&S consultants.
- Support revenue targets: Contribute to the delivery of the EAF annual revenue targets by supporting the front office team in pipeline execution.
- Minimize losses: Minimize losses on the existing portfolio by ensuring compliance of all existing loans with the policies and guarantee requirements of the Official Agencies.
- Stakeholder engagement: Proactively engage with all relevant internal and external stakeholders. This client-facing role involves direct interaction with borrowers, exporters, third-party E&S consultants, legal counsel, and E&S teams at Official Agencies.
What we’ll need from you:
- Demonstrated deep understanding of Export & Agency Finance, including extensive experience with Export Credit Agencies, Development Finance Institutions, and/or Multilateral Agencies.
- Strong E&S technical knowledge with a proven track record of identifying and analysing E&S risks for projects.
- An in-depth understanding of the World Bank and IFC Performance Standards, the Equator Principles, and the OECD Recommendation on Common Approaches for Officially Supported Export Credits and Environmental Social Due Diligence is essential.
- Comprehensive knowledge of Green Loan Principles, Sustainability-Linked Loan Principles, Social Loan Principles, relevant regulatory taxonomies, and Financed Emissions frameworks.
- Excellent interpersonal and communication skills with proven ability to manage external consultants.
- Highly collaborative team player with the ability to integrate seamlessly into a dynamic, rapidly growing, and fast-paced global business environment.
- Background in environmental and social consulting, environmental science/studies/policy as well as human rights expertise very helpful.
What we can offer you:
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well, and save well.
By joining Citi London, you will not only be part of a business with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- A discretionary annual performance-related bonus
- Private medical insurance packages to suit your personal circumstances
- Employee Assistance Program
- Pension Plan
- Paid Parental Leave
- Special discounts for employees, family, and friends
- Access to an array of learning and development resources
Alongside these benefits, Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
------------------------------------------------------
Job Family Group:
Project and Program Management------------------------------------------------------
Job Family:
Program Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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.
