Institutional Credit Management (ICM) at Citi is a newly formed business line to provide integrated end to end credit underwriting, transaction and portfolio management across all Wholesale Lending in partnership with all the origination businesses of the Institutional Clients Group (ICG) of Citi. We are looking to hire an experienced professional to contribute to the design, development, and implementation of the Transaction Management Group (TMG) within ICM.
Transaction Management will be responsible for supporting multiple aspects of the lending lifecycle including but not limited to loan closing and servicing coordination, facilitating complex client onboarding, data management, and quality control. The team will be accountable and responsible for operational oversight of the closing and servicing of all loan transactions of the business division being supported to ensure all internal and external requirements are met. This includes data capture, requisite documentation, regulatory requirements, internal policy compliance, and conditions precedent are met prior to deal execution. They will ensure all data elements are captured timely, accurately and validated by internal approvals and legal documentation.
This is an exciting opportunity to contribute to the establishment of a global cross-business team from the ground up as part of one of the firm’s highest priority initiatives.
Key Responsibilities:
Contribute to the build and development of the global team of professionals to support loan origination and lifecycle management across the spectrum of wholesale lending at Citi which includes large complex syndicated and bilateral loans covering but not limited to corporate, commercial, real estate, structured lending and trade.
Assist with the creation of processes, standards, procedures, controls, training, and implementation of transaction management across ICG
Aid in the design and implementation of technology including active input into the requirements, testing and rollout
Provide training and support to transaction management staff and business constituents where needed
Partner with each of the originating and coverage business lines, credit risk, operations, legal, etc. to implement the target support model for wholesale lending
Ensure that controls and processes performed meet internal policies and regulatory requirements/expectations
Support the strategic vision for this team by enabling the implementation roadmap and working with originating businesses, risk, operations & technology to execute accordingly
Participate in new and existing policy and regulatory requirements across wholesale lending workstreams
Uphold high degree of quality of data managed consistently adheres to internal and regulatory requirements
Work with lines of business, transaction management, and loan operations to define and implement operational metrics and risk and control reviews to ensure all stakeholders have end to end transparency
Constantly improve processes, controls and efficiencies within the group and front to back across loan lifecycle
Participate in projects and provide valuable input with various working groups created to enhance performance and efficiency
Take part in loan remediation and loan system testing / migrations
Upon go-live or during pilot phases of Transaction Management Group the following may apply:
Actively manage and maintain a deal closing pipeline of wholesale loan transactions for BCMA
Coordinate and close loan transactions/lifecycle events, capture data, store documentation, troubleshoot issues/roadblocks, perform quality control on all inputs based on relevant loan documentation once Transaction Management closing functions go live or during pilot phases
Liaise and coordinate all pre-closing requirements with various internal and external teams (i.e. Business Deal Teams, Loan Operations, Risk, Legal, Compliance, KYC, Borrowers, Co-Arrangers, Lenders, etc.)
Collect and review legal loan documentation, ensuring operational standards and compliance requirements are met
Address inquiries from Borrowers, Lenders, and Arrangers pertaining to the closing process and ongoing maintenance of the deal
Knowledge, Experience and Skills:
Experience within a large global team supporting wholesale lending at large financial Institution
Knowledge of wholesale loan (syndicated / bilateral) product and business, including an understanding of legal loan documentation, loan / funding mechanics, deal structure, funds flows, etc.
Experience working with clients under time constraints to facilitate a transaction or process
Proven ability to collaborate with team members and senior management both within the lines of business and across multiple stakeholders
Critical decision-making capabilities including the ability to identify, escalate, and propose solutions to problems
Ability to multi-task through the practice of strong organizational and time management skills with experience in continuously following-up with various stakeholders
Involvement working with Business constituents, Technology and Operations on process improvement
Proven ability to establish and maintain business line partnerships
Understanding and awareness of appropriate corporate and regulatory policies in relation to Lending
Deep understanding of operational processes supporting Wholesale lending
Focus on achieving/exceeding key operating standards within a KPI/metrics driven culture
Ability to work in an environment where priorities are frequently changing
Qualifications:
Undergraduate degree or equivalent experience
Proficient with Microsoft Office Suite (Excel, Word, and PowerPoint)
Tableau or visualization tool familiarity
Experience with Loan IQ, transaction capture tools, etc.
Keen attention to detail
Excellent oral and written communication capability
Ability to take initiative and self-motivate
Contribute in a team environment
Developed analytical and problem-solving abilities
Client relationship and solution skills
Job Family Group:
Operations – Transaction Services
Job Family:
Transaction Capture Services
Time Type:
Full time
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