1+ months
2018-06-122018-09-09

Leveraged Lending Portfolio Manager

Citigroup
New York, NY
  • Primary Location: United States,New York,New York
  • Education: Bachelor's Degree
  • Job Function: Risk Management
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID: 18034660

Description


About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides 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, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citis Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the publics trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

Summary

The Leveraged Lending Portfolio Manager works closely with Global Leveraged Finance Portfolio Head, Capital Markets, Investment Banking, Corporate Banking, and Industry and Regional Risk teams to assist in approval decisions for underwritings and holds on traditional leveraged lending transactions, refinancings, and amendments. For those transactions that are recommended, the Leveraged Lending Portfolio Manager will facilitate senior Business and Risk Management approval. This role is expected to provide leadership on risk and diligence issues, industry trends, capital structure, exposure management, terms, and returns. A critical objective is to provide management and guidance such that this high risk business remains within appropriate risk tolerances. The Leveraged Lending Portfolio Manager demonstrates responsible behavior by both tone and actions in daily management. The position reports to the Global Leveraged Finance Portfolio Head.

Key Responsibilities
  • Assist in managing greenlight (screening) reviews and approvals for non-investment grade holds and underwritings
  • Exercise leadership to address due diligence, capital structure, and syndication issues 
  • Work with partners in Independent Risk Management, Banking, CMO, GAM, ABL, CCO, FIRM, Real Estate, and IRM 
  • Protect the firm against franchise and reputation risk
  • Make recommendations to senior management regarding credit approvals and declines
  • Assess financings with respect to earning threshold returns on capital
  • Coordinate with Leveraged Portfolio Group on portfolio management and reporting
  • Manage reporting of Leveraged Lending Guidance
  • Monitor syndicate book and aged underwritings
  • Assist in regulatory interactions
  • Communicate regulatory updates to internal constituencies 
  • Coordinate regulatory examinations as well as reviews by internal audit groups
  • Provide support for stress tests, CCAR, and other internal processes
  • Develop skills of junior staff across the organization though training and transactions 
  • Write periodic updates to Credit Policy relating to leveraged lending

Qualifications


Competencies/Knowledge
  • Unquestioned ethics 
  • Understanding of heightened regulatory expectations of Citi
  • Excellent credit judgment on non-investment grade credits
  • Appropriate risk appetite with respect to size of individual underwritings, overall book of deals, leverage levels, and hold positions
  • Commitment to independent views but willingness to compromise and be transparent in decision-making
  • Decisive leadership for developing solutions in an environment with aggressive client requests
  • Discipline in making appropriate risk-reward decisions 
  • Understanding of deal rationale from perspective of private equity sponsor
  • Robust collaboration across the firm with a wide range of bankers
  • Ability to manage varied teams that are formed on a deal-by-deal basis
  • Strong influencing and negotiating skills
  • Outstanding conflict management skills
  • Superior verbal and written communication skills
  • Well-developed time management skills for a high volume of transactions, often with short timetables
  • Ability to handle escalated discussions in a non-personal manner
  • Constructive approach to regulatory interactions
  • High sense of equanimity relative to competing pressures
  • Adherence to senior management directives, regulatory guidance, and control functions
Qualifications
  • Current title of Director or SVP
  • At least 7 years of credit experience
  • Strong knowledge of corporate finance concepts
  • Bachelors degree in finance or economics preferred

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Leveraged Lending Portfolio Manager

Citigroup
New York, NY

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