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Citi Commercial Bank, Senior Credit Risk Officer

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Citi

28d ago

  • Job
    Full-time
    Expert Level
  • Consulting
    Banking & Finance
  • Frankfurt

AI generated summary

  • You need a BA/BS (Master's preferred), 15+ years in credit approval, fluency in English and German, strong risk management knowledge, and excellent analytical and communication skills.
  • You will assess credit proposals, manage risk within a portfolio, oversee approvals, communicate insights, and contribute to procedures and projects while leading a diverse team.

Requirements

  • Minimum BA/BS degree, Master's degree preferred
  • Senior Credit Officer or Senior Credit Officer candidate
  • Fluent in written and spoken English, German (preferred)
  • Knowledge of EBA Guidelines (desirable) or strong understanding of risk management principles.
  • 15 or more years of credit approval experience within Commercial /Mid Corporate Banking domain.
  • Industry specialisation and product knowledge will be beneficial.
  • German market knowledge and experience preferable
  • Excellent credit and analytical skills, knowledge of credit products & derivatives in the commercial/corporate lending space.
  • Excellent communication and diplomacy skills in order to negotiate internally, often at a senior level and occasionally with external customers.
  • Sound decision making while able to agreeably present another viewpoint.

Responsibilities

  • Strategic professional who will undertake quality judgmental lending including exercising delegated approval authority to ensure that good business opportunities are not lost yet safeguarding the business interests of the Bank.
  • Responsible for critical assessment, recommendation and approval of credit proposals incorporating financial analysis, risk assessment and credit structure.
  • Oversee deal approvals including timing of approvals and turnaround in collaboration with business partners.
  • Keep abreast with latest industry and sector developments and apply them meaningfully in credit assessment.
  • Supplement analysis with research and evaluations from a wide variety of sources to develop an assessment of client, competitor/ industry risks and trends for senior management.
  • Proactive involvement in active risk management through monitoring an assigned credit portfolio with a thorough understanding of the content and aggregate risks within the portfolio, trends and other key statistics.
  • Assist in the development of appropriate procedures around approvals, underwriting, and portfolio functions such as lending, early warning, derivatives, collateral, remedial management etc.in consultation with senior business leaders.
  • Participate in any ad-hoc projects with meaningful contribution.
  • Establish, develop and manage Risk and Control environment.
  • Strong communication skills as the successful candidate will be the contact person and subject matter expert in the field, providing expertise and guidance to Business and other stakeholders.
  • People management skills across diverse team where managerial and leadership skills can be developed.
  • Opportunities available to take on additional responsibilities over time.

FAQs

What is the job title for this position?

The job title is Senior Credit Risk Officer at Citi Commercial Bank.

Where is this position located?

The position is located in Frankfurt, Germany.

What qualifications are required for this role?

A minimum of a BA/BS degree is required, with a Master's degree preferred.

How many years of experience are needed for this job?

A minimum of 15 or more years of credit approval experience within the Commercial/Mid Corporate Banking domain is required.

Is proficiency in any languages necessary for this position?

Yes, fluency in written and spoken English is required, and proficiency in German is preferred.

What are the main responsibilities of a Senior Credit Risk Officer?

Main responsibilities include credit assessment and approval, overseeing deal approvals, monitoring an assigned credit portfolio, and participating in risk management activities.

What is the expected career development opportunity for this role?

The position offers opportunities to establish a Risk and Control environment, develop people management skills, and take on additional responsibilities over time.

Which business does this position primarily support?

This position primarily supports Citi Commercial Bank, which caters to mid-sized companies in Western Europe.

What type of financial products does this role involve?

The role involves various products including Lending, Cash Management, Trade, Foreign Exchange, Interest Rate Derivatives, and Capital Markets solutions.

Who does the Senior Credit Risk Officer report to?

The Senior Credit Risk Officer reports directly to the CCB Western Europe Risk Head based in Stockholm.

Is knowledge of EBA Guidelines beneficial for this role?

Yes, knowledge of EBA Guidelines is desirable or strong understanding of risk management principles is beneficial.

Finance
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citi's operation is to provide financial services that enable growth and economic progress. Core activities are safeguarding assets, lending money, making payments and accessing the capital markets.

Benefits

  • Live Well, Stay Healthy

    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.

  • Paid parental leave

    We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.

  • Save well, for now and your future

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  • Keep learning

    Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

  • Be well, take time off

    We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

  • Support Your Community

    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.