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Citi Commercial Bank, Senior Credit Risk Officer

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Citi

2mo ago

  • Job
    Full-time
    Expert Level
  • 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 analytical skills, industry knowledge, and excellent communication abilities.
  • You will assess and approve credit proposals, manage risk, collaborate on deal timing, provide industry insights, develop procedures, and lead a diverse team while ensuring effective communication.

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 Citi Commercial Bank, Senior Credit Risk Officer.

Where is the job located?

The job is located in Frankfurt, Germany.

What qualifications are required for this role?

A minimum BA/BS degree is required, with a Master's degree preferred. Additionally, candidates should have 15 or more years of credit approval experience within the Commercial/Mid Corporate Banking domain.

Is fluency in any specific languages required?

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

What kind of experience is beneficial for this role?

Industry specialization and product knowledge, along with knowledge and experience in the German market, are beneficial for this role.

What are the key responsibilities of the Senior Credit Risk Officer?

The key responsibilities include quality judgmental lending, critical assessment and approval of credit proposals, overseeing deal approvals, monitoring an assigned credit portfolio, and participating in the development of credit approval procedures.

What is the career progression potential within this role?

There are opportunities available to take on additional responsibilities over time, and the role allows for the development of managerial and leadership skills.

What is the company’s policy on equal opportunity employment?

Citi is an equal opportunity and affirmative action employer, and qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Will I be required to participate in projects outside of my main responsibilities?

Yes, participation in any ad-hoc projects with meaningful contributions is expected in this role.

What kind of skills are essential for this position?

Excellent credit and analytical skills, strong communication and diplomacy skills, sound decision-making abilities, and the capability to negotiate internally and externally are essential for this position.

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Citi

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

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  • 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.