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We’re currently looking for a high caliber professional to join our team as SVP, Credit Risk Manager - Hybrid (Internal Job Title: Credit Risk Senior Officer - C14) based in C Hong Kong. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:

Position summary:

Banking and International (BIR) Real Estate Risk (RE Risk) is responsible for the management of Citi's Global Commercial and Residential Real Estate exposures. The International Real Estate Clusters provide specialist approval for all Real Estate transactions, portfolio management and limits setting for risk appetite across the International Clusters (UK, Europe, Asia South, Asia North, Australia, Africa). RE Risk works in parallel with three different business groups: Global Spread Products (GSP), Banking Capital Markets and Advisory (BCMA) and Citi Wealth Management (WM - Private Bank) 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.

Real Estate Risk Senior Officer is a strategic professional who closely follows latest real estate trends and adapts them for application within the job and business. The role is responsible for risk coverage of commercial real estate transactions in the Corporate Loan Portfolio (CLP/BCMA) and the Wealth Management portfolio.

Working in conjunction with the International Cluster Head, SCO L2, the Risk Officer manages risks taken in connection with real estate activities which includes extensions of credit that are secured by liens on or interests in real estate, capital markets transactions or commercial loans undertaken when real estate security or real estate activity, or an asset sale, or a refinancing is contemplated as a first or second way out. [Please note, position has opportunity to work with the SCO covering Asia North/South as well on key transactions and/or projects to increase breadth of real estate knowledge]

CLP/BCMA transactions are corporate level facilities to real estate entities/firms and typically are not secured by real estate (revolving credit facilities, bridge loans for M&A transactions and hedging/PSE facilities). The Wealth Management business extends commercial RE loans to Ultra High Net Worth Clients and their firms. The Risk Officer should have strong knowledge of the commercial RE industry or strong knowledge of underwriting/reviewing corporate transactions.

In this role, you’re expected to:

• 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 requested financing activity. 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.

• Portfolio Management Oversight of the EMEA Corporate Loan (CLP/BCMA) and Wealth Management portfolios. Review, manage, recommend approval and report extensions of credit to special purpose vehicles and corporate entities that are secured by 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 portfolio stress losses. Oversight of Risk Rating Practices. Review of risk rating methodologies for adequacy and accuracy. Suggest updates and amendments. Review all risk ratings and supporting justifications. Communicate best practices to business. Quarterly reporting of judgmental risk ratings to CORA. Interact with Internal Audit, Banking and International Credit Review and the Office of Chief Appraiser personnel for both deal level engagement as well as periodic reviews.

• Portfolio Reporting - Primary responsibility for Corporate Loan (CLP/BCMA) and Wealth Management reporting requirements, and RE limits monitoring. Quarterly Exposure and LTV exception Report; Limits reporting; Governance reports; Various risk committee reports.

• Talent Management: Provide guidance to first line analysts / associates in Real Estate risk analysis techniques.

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

• 10+ years risk experience required or equivalent

• SCO or current candidate for ACE program or on the path to Scope or ACE

• Strong knowledge of the commercial RE industry or strong knowledge of underwriting/reviewing corporate transactions. Able to assess and challenge cash flow models, financial statements and apply sensitivity tests to income and debt projections

• Ability to conduct in-depth quantitative or qualitative analysis to solve problems and develop new, innovative solutions.

• Proficient math skills with excellent knowledge of MsExcel

• Excellent communication (Verbal and Written) and diplomacy skills. Ability to communicate best practices to business and advise on due diligence and additional analysis required.

• The ability to manage time sensitive projects, be a self-starter and a team player.

• Exceptional organizational and interpersonal skills as well as the ability to work well under pressure.

• Bachelor’s/University degree, Master’s degree preferred but not required

Job Family Group:

Risk Management

Job Family:

Credit Decisions

Time Type:

Full time

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Citi is an equal opportunity and affirmative action employer.

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