Special Assets is a dedicated restructuring and remedial management team in Banking & Internation Risk (BIR) with approval responsibility for the firm’s high risk credit portfolio across all lines of business and industries. The Special Assets team oversees credit exposure with adverse regulatory classifications facing various stages of stress or distress and a heightened probability of default. The primary objective of the team is to provide strategic leadership and drive optimal outcomes to maximize the recovery value of the portfolio, while balancing the interests of internal and external stakeholders. Special Assets is also responsible for determining accurate regulatory classifications, risk ratings, cost of credit and carrying values of the exposure under management.

Special Assets as an independent risk unit is considered part of the second line of defense, which provides review, challenge and covering approval authority for activities and decisions generally taken in partnership with the business line counterparts. The role requires an extensive understanding and application of credit and counterparty risk concepts across multiple disciplines, including full understanding of how Citi’s credit policies, processes, and procedures should be applied to remedial situations.

Special Assets has oversight of the bank’s most at-risk portfolio, but also provides consultation early on with credits that are just beginning to experience potential weaknesses through an assessment process. The team is responsible for setting the account strategy, exposure strategy and providing continual and proactive management as a situation evolves. For active workouts and restructurings, the Transactor will facilitate the day-to-day execution of the remedial strategy. The Transactor will also work with internal and external clients and advisors to develop and execute solutions, operating as a proactive and vocal leader for the Risk organization.

Citi is seeking a driven, dynamic and experienced credit professional to join LATAM Special Assets team as a Transactor. The individual should possess excellent technical and interpersonal skills, as well as have experience handling stressed credit and remedial situations. This role reports directly to the LATAM Cluster Head of Special Assets and is based in Mexico City.

Responsibilities:

• Provide strategic direction, transaction execution, and approval for Special Assets-managed credits

• Work with Special Assets Senior Transactors and valuation team members in the management and execution of the Special Assets portfolio

• Provide recommendation and/or approval for credit decisions and certain work product involving the Special Assets portfolio

• Responsible for timely and proactive execution of portfolio management responsibilities, particularly recurring monitoring requirements

• Accountable for ensuring appropriate classifications, risk ratings and valuations are approved and reported accurately and on a timely basis, and are in compliance with all policies, processes and procedures to promote a strong governance and controls environment

• Work proactively, and in a constructive and diplomatic manner, with internal and external stakeholders to advance favorable resolutions on transactions, including direct interaction with borrowers

• Communicate effectively with internal and external partners, senior management, regulators and other important stakeholders

• Mentor and develop Special Assets junior staff/analysts to advance their skillset and professional effectiveness

• Provide leadership for special projects and various priority initiatives

• Recommend changes to improve existing processes, policies, and procedures to achieve greater efficiency, governance and controls.

Qualifications:

• Extensive credit analysis skills, including large corporates

• Ability to run deal teams and manage large bank syndicates

• Paramount communication skills with ability to synthesize the argument in a logical and rational manner.

• 10+ years' experience in a credit-oriented role, preferably with a large multinational financial services organization.

• Experience in specialty industry lending structures, including Oil & Gas and ABL, is preferred but not essential.

• Sound understanding of credit issues and is able to establish and process risk mitigation plans from inception to implementation to resolution.

• Excellent negotiating skills with customers and internal partners.

• Capable of collecting information from various parties with potential opposing views/agendas in an efficient and detail-oriented manner.

• Ability to communicate and influence in a cross functional environment in settings that could involve conflicting priorities and timetables.

• Represents Citi in discussions with auditors and reviewers on issues relevant to their daily role

• Knowledge of typical commercial risk policies and procedures.

• Experienced in commercial credit analysis and remedial management.

• Proficient in collateral analysis and valuation, including real estate appraisals, field exams and asset searches.

• Senior Credit Officer approver designation or equivalent credit authority preferred.

Education:

• Bachelor’s/University degree, Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

• English advanced

Job Family Group:

Risk Management

Job Family:

Remedial Management

Time Type:

Full time

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.