Special Assets is a dedicated restructuring and remedial management team in Banking & International 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 North American (NAM) 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 NAM Region Head of Special Assets and is based in New York 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 + Recommendation and/or approval for credit decisions and certain work product involving the Special Assets portfolio + 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 to advance their skillset and professional effectiveness + Participate and/or provide leadership on special projects and various priority initiatives + Recommend changes to improve existing processes, policies, and procedures to achieve greater efficiency, governance and controls **Competencies** + Strong credit sense and ability to articulate a view, work across a range of credit products, with experience in early problem recognition and crisis resolution skills + Capable of thought-leadership with demonstrated experience in prior role(s) + Effective interpersonal skills, including an ability to be persuasive and build consensus on complex issues + Demonstrated ability to manage conflict and influence internal partners, creditors, debtors and other stakeholders who may not share similar views + Negotiation and influencing skills, particularly with developing effective strategies and directing legal documentation + Excellent communication (written, verbal, presentation and listening) and organizational skills; ability to complete multiple priorities in a timely manner + Leadership, coaching and mentoring skills with ability to motivate others in a demanding environment + Highly analytical but also able to act with urgency, synthesize complex situations and make timely and well-supported recommendations or decisions + Team player and effective collaborator + Possess high character and personal integrity **Qualifications** + 15+ years of extensive experience in a credit-oriented role, preferably with a large multinational financial services organization + Highly experienced credit professional with a deep and relevant restructuring, distressed or comparable expertise + Demonstrated corporate finance, business strategy and debt structuring skills, with ability to manage complex transactions and conduct negotiations + Proven track record working with a variety of credit products and/or industries, with experience implementing credit policies and remedial management processes + Thorough understanding of the risk profile, structure and governing documentation for various credit and market products + Hands on experience in stressed and distressed concepts, processes, and associated internal bank accounting (e.g., valuations, cost of credit, etc.) + Senior Credit Officer approver designation or equivalent credit authority preferred + Bachelor’s degree; Master’s/advanced degree(s) and other certifications considered but not required This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required. ------------------------------------------------------ **Job Family Group:** Risk Management ------------------------------------------------------ **Job Family:** Remedial Management ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** New York New York United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $170,000.00 - $300,000.00 In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire. ------------------------------------------------------ **Anticipated Posting Close Date:** Sep 10, 2024 ------------------------------------------------------ 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. Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** . 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