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Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team of approximately 219,000 dedicated people from around the globe. At Citi, youll have the opportunity to grow your career, give back to your community and make a real impact.

Job Overview

Citi Commercial Bank provides global and local banking capabilities and services to emerging and mid-sized corporations worldwide. The position is located in Prague and provides a great opportunity to leverage interpersonal and relationship management skills in a professional environment while working with internal and external clients in Western Europe and the UK.

The Underwriter stays abreast of developments and contributes to directional strategy by considering their application to the role and the business. Recognized technical authority for an area within the business and developed commercial awareness. Strong communication and people skills required to guide, influence and convince internal and external stakeholders. Provides advice and counsel related to the technology or operations of the business. Work impacting overall performance and effectiveness of the team.

Job Purpose and Main Responsibilities:

• Prepare complex credit applications; check their completeness, request clarifications if necessary, and assess them in the context of valid and relevant policies, procedures and guidelines.
• Lead role in credit due diligence, package preparation, financial projections and execution of facility documentation following credit approval.
• Provide backup to the team manager, lead projects and initiatives and mentor junior team members as needed.
• Make competent credit decisions according to the assigned personal Credit Officer (CO) Limit and in line with relevant policies, procedures and guidelines.
• Follow and monitor the portfolio of assigned clients through their lifecycle and proactively escalate all potential credit issues in a timely manner, acting as the First Line of Defense.
• Effectively manage and closely monitor assigned classified customers, propose feasible account strategies to avoid or minimize potential losses, and prepare timely Classified Credit Memos (CCMs).
• Prepare and/or approve credit packages within the required turnaround time (TAT) and within agreed-upon CLM pipeline rules. Provide timely services to internal and external customers.
• Obtain and maintain expert-level knowledge of all applicable local and global credit policies, procedures and guidelines. Be compliant and accountable for adherence to them. Act as a keeper of best practices, sharing and promoting them to actively cultivate the internal environment (Sales and CLM). Be ready to align and coordinate across the European clusters (CE4, Western Europe, the UK).

Further Key Responsibilities:

• Participate in CLM tasks and requirements such as round tables, quarterly financial/covenant checks, regular and ad-hoc reporting, portfolio stress testing, audits, etc.
• Communicate efficiently across the bank (Sales, Risk, Dox, Collateral, Credit Enablement, Legal, Operations, EW, and others).
• Provide credit advice to more junior colleagues in CLM and Sales teams to build credit awareness and risk recognition in the bank and cultivate the lending management process.
• Maintain strict confidentiality on all accounts, bank products and policies.

Qualifications and Competencies:

• University degree.
• At least 7 years of relevant banking experience (analytical, relationship management, EW, or remedial position) or another relevant position in a banking institution.
• Deep knowledge of financial statements and financial analysis and accounting rules, primarily IFRS EU.
• Deep understanding of bank products, collateral types, loan documentation standards, financial and non-financial covenants.
• Experience working with and negotiating loan documentation per LMA standards.
• Experience building cash flow projection models and valuations.
• Strong verbal and written communication skills in English. Proficiency in another language (German, Italian, Spanish, or French) is highly desired.
• Excellent organizational and leadership skills with the ability to pay attention to detail and work under pressure.
• Strong analytical thinking, a balanced risk-business approach, and the ability to apply common sense and make fast and competent decisions.
• A team player who is a fast learner, flexible, precise, and has a positive attitude.
• PC skills (MS Office) and a willingness to learn specific systems used within the Credit Approval area, and various internal AI tools

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

Working Environment: office setting, minimal travel required.
Effort: minimal physical effort required.

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Job Family Group:

Risk Management

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Job Family:

Credit Risk

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Time Type:

Full time

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Primary Location Full Time Salary Range:

Ft14,768,850.00 - Ft24,762,350.00

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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View Citis EEO Policy Statement (opens in new window) and the Know Your Rights (opens in new window) poster.

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