Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization. ICM’s objective is to provide integrated “end-to-end” credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise. Within ICM, the Credit Underwriting function (ICM-UW) provides analysis, greenlight, underwriting, first-line-of-defense credit approval and subsequent credit monitoring across all wholesale credit businesses including Banking, Capital Markets, and Advisory, Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS).
Citi’s Petroleum Engineering staff is responsible for evaluating the client's oil and gas reserves for determining the proper loan asset values for oil and gas exploration & production companies in conjunction with new financing transactions under consideration plus semi-annual borrowing base redeterminations. The engineering position supports the process by performing analysis and risk assessment of client engineering data. In addition, the engineering staff provides industry insight to support the Business and Risk organizations. This role reports directly to a ICM Underwriting Head of Natural Resources.
KEY RESPONSIBILITIES:
Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:
Acquisition and evaluation of quantitative data to monitor performance of oil and gas assets
Data input, organization, manipulation, and presentation of oil and gas cash flow projections
Execution of engineering software (ARIES, PHDWin) to analyze data and prepare forecasts
Extraction of model cash flow projections into Excel-based credit models to assess asset performance
Preparation of narrative engineering reports and supporting documentation
Routine correspondence with internal partners and external clients related to engineering matters
Preparation of internal reports related to the oil and gas portfolio
Ad-hoc training presentation for Credit and Banking staff
Adherence to credit policy and due diligence guidelines
Facilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functions
Support the ICM Underwriting Global Head of ICM Corporate Developed Markets Credit Underwriting and Head of Natural Resources on strategic initiatives/projects
Support VOE initiatives
QUALIFICATIONS:
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Risk Management--------------------------------------- ---------------
Job Family:
Credit Decisions-------------------------------------- ----------------
Time Type:
Full time------------------------------------- -----------------
Primary Location:
Houston Texas United States------------------------------------ ------------------
Primary Location Full Time Salary Range:
$114,720.00 - $172,080.00
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.
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Anticipated Posting Close Date:
May 30, 2024---------------------------------- --------------------
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