Remedial Management Analyst job at Citi in Long Island City

Citi is at present recruited Remedial Management Analyst on Tue, 06 Aug 2013 00:58:28 GMT. Brief Description of the Organization Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and...

Remedial Management Analyst

Location: Long Island City, New York

Description: Citi is at present recruited Remedial Management Analyst right now, this job will be settled in New York. Further informations about this job opportunity kindly see the descriptions. Brief Description of the Organization

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consum! ers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.

Remedial Management Analyst

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13043246

Description

• Manage a portfolio of 10 â€" 15 US Commercial Banking transactions that are subject to classifiable, judgmental management standards and credit policies;
• Accounts will consist of multiple banking products and services with OSUC of $1MM+ or greater;
• Delegated credit initial (pursuant to Credit Policy â€" Grid 2.1).
• Involved with high risk exposures subject to FAS 114 reporting.
• Participate in Special Mention Consultations for exposures of $2.5MM or greater.

Developing and implementing workout (recovery) strategies that are intended to m! inimize risks associated with commercial transactions originat! ed by the Commercial Banking offices. The analyst directly manages customers involved in various industries, e.g., energy, and various credit structures, e.g., borrowing bases, plus situations involving potential fraudulent activities and franchise risk issues.

• Managing assigned portfolios within acceptable risk parameters on an ongoing basis until workout is complete.
• Identifying, modifying and implementing workout strategies.
• Working and interacting with customers, attorneys, and other third party professionals to acquire necessary documentation, due diligence, and market intelligence.
• Evaluating and processing data and historical information to determine appropriate strategy.
• Developing and presenting action plans for assigned accounts to Senior Management or 3rd parties.
• Negotiating with customers, bank group lenders, and internal Citi product/customer partners.
• Reviewing accounts on a routine basis! to gauge the level of progress achieved versus stated action plan, payment status (delinquency), documentation exceptions, financial covenants, data integrity, and any other customer service (internal or external) follow-ups that arise during the course of time.
• Advising Business and Risk Management partners of progress of the workout plan as well as potential risks that may develop throughout the course of the remedial management effort.
• Preparing metrics and reporting criteria for loan performance including internal and external requirements such as FAS 114, TDR, and Basel.
• Dealing with internal and external counsel on a cost effective basis.

Qualifications

• Understanding of remedial management; recognizes issues and is able to establish and process risk mitigation plans from inception to implementation to resolution.
• Proven technical expertise.
• Proficient in negotiating skills with customers, and i! nternal product/operational partners including Legal, Controls, Fraud, ! MIS/Reporting and Compliance.
• Strong ability to communicate in settings that will typically involve conflicting priorities and timetables.
• Understanding of remedial management; recognizes issues and is able to establish and process risk mitigation plans from inception to implementation to resolution.

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Effective verbal and written communication skills.

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Strong analytical and credit skills.

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Strong computer skills.

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Ability to multi-task and work effectively under pressure.

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Strong negotiation and presentation skills.

This position reports to a Team Leader and is essential to maintaining adequate coverage on our portfolio of classifiably managed loans with exposures that are typically in excess of $1MM.

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Bachelor’s degree.

Workout experience and commercial lending/asset based lending experience are preferred.

! Primary Location

:

NAM-USA-NY-Long Island City

Other Locations

:

NAM-USA-CT-Stamford

Schedule

:

Full-time

Education Level

:

Bachelor's Degree

Shift

:

Day Job

Employee Status

:

Regular

Travel

:

Yes, 10 % of the Time
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If you were eligible to this job, please deliver us your resume, with salary requirements and a resume to Citi.

Interested on this job, just click on the Apply button, you will be redirected to the official website

This job will be opened on: Tue, 06 Aug 2013 00:58:28 GMT

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