Citi Head of Business Banking Commercial Lending in Dallas, Texas
Primary Location: United States,Texas,Dallas
Education: Bachelor's Degree
Job Function: Risk Management
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 25 % of the Time
Job ID: 16048812
We’re looking for a Head of Business Banking Commercial Lending to join our world-class team
Citi® Commercial Bank (CCB) is part of Citi, a leading global financial services company, which has approximately 200 million customer accounts and does business in over 160 countries and jurisdictions.
CCB has operations in over 28 countries with local expertise contributed by in-country commercial bankers. CCB embodies our unique purpose as a global bank of choice for trade-oriented, mid-sized companies who see us as trusted thought partners that bring simplicity in an increasingly complex world, client-centric solutions for long term growth and pave the way for them to reach across borders and achieve their global vision.The US CCB targets clients with revenues between $10M – $3B and support a range of financial solutions:term and working capital financing, treasury solutions, foreign exchange and trade services.The Business provides specialty lending including Loan Syndications, Asset-Based Lending as well as Cash Management, Trade, Foreign Exchange and Interest Rate Derivatives products.The business has a dedicated FX desk that trades in over 100 currencies.CitiBusiness Online, Citibank's web-based banking platform, supports a full range of transaction and reporting capabilities in a secure environment.
Our Commercial Bankers are also responsible for efficiently deploying the firm’s capital across the globe by evaluating clients’ credit needs. Commercial Bankers work closely with partners in Independent Risk to conduct in-depth financial analysis in order to evaluate credit risk associated with extensions of capital. Commercial Bankers are also held accountable for maintaining an appropriate balance between Citi revenues and risk associated with extending capital.
The Business Banking Commercial Lending Head is a senior leadership role in Citi Commercial Bank (CCB) which manages the credit underwriting and portfolio management teams, approves credit facilities and is responsible for the overall lending process. The role provides primary leadership responsible for the credit delivery strategy, implementation and direct underwriting oversight for the Business Banking segment of the Citi Commercial Bank. The role includes leading teams responsible for loan origination credit analysis, underwriting and portfolio management.The position will help provide lending credit services and supporting revenue growth while managing credit risk and portfolio performance to meet the goals of the Business Banking segment in the Citi Commercial Bank.
Be a part of the work we do to enable progress around the globe
For the past 200 years at Citi, we have a drive to help clients move from ambition to achievement. Our company has been one of the foundational components of today’s modern financial infrastructure—this gives us a level of unmatched expertise in tackling the world’s most complex challenges and connecting across capabilities to enable lasting progress for our clients.
We attract and nurture local talent from all over the world, ensuring our people are both deeply attuned to regional needs but also bring a global mindset to help clients, communities and nations move forward. Our culture is fueled by men and women with the passion to push beyond borders and boundaries, and the wisdom and courage to do what’s right.
Citi’s Commercial Bank embodies our unique purpose as the global bank of choice for trade-oriented, mid-sized companies who see us as trusted thought partners that bring simplicity in an increasingly complex world, client-centric solutions for long-term growth and pave the way for them to reach across borders and achieve their global vision.
Did you know…
That Citi helped devise a plan and funded The Public Lighting Authority of Detroit to re-illuminate the city? See what else we’ve achieved to enable progress for our clients: citi.com/history.
Successful Head of Business Banking Commercial Lending should demonstrate the following behaviors
Develops our People: Builds talent and teams for Citi by creating a culture of meritocracy and transparency, and celebrating excellence, initiative and courage
Drives Value for Clients: Enables economic value and positive social impact for clients, companies, governments, and communities
Works as a Partner: Works collaboratively across the firm and encourages others to achieve the best results for Citi and our clients
Champions Progress: Champions a culture of high standards, pushes for progress, embraces change and challenges the status quo in support of Citi’s vision and global strategy
Lives our Values: Ensures systematically responsible outcomes while driving performance and balancing short and long term risks
Delivers Results: Sets high standards and achieves performance objectives by creating a clear path toward ethical and sustainable results
On a daily basis, Head of Business Banking Commercial Lending will be responsible for the following
Supervision & Partnership:
·Manage competitive service levels for the day to day production delivery for all loan originations.
·Ensure adequate controls are in place to satisfy regulatory requirements and credit policy.
·Provide premier customer service for our internal partners by effectively managing relationships with Area Managers and Bankers.
·Maintain frequent interaction with business partners to assure ongoing and appropriate communication to support overall business objectives.
·Partner with Business segment leadership, Area Managers and other Senior Managers in the Operations and Service organization to achieve customer service level goals
·Lead Team managers in managing day to day production and promote a strong and balanced risk management culture that demonstrates clarity, candor and integrity.
·Manage budget while driving efficiencies in operations year over year
Staffing & Development:
·Lead, manage, and develop a high performing team, maintaining high engagement levels.
·Set appropriate goals and provide timely feedback, coaching, training and development assignments to motivatestaff and to drive superior performance
·Attract and retain quality talent from inside or outside the Bank as required
·Provide direction, training, coaching, counseling and supervision to the Team managers with goal of developing and coaching staff
Lending Process Management:
·Foster an environment of continual process improvement and world class service. Responsible for the development of strategies that drive continuous process improvements throughout the business.
·Partner in defining strategic direction and manage initiatives to successful completion. Develop and manage risk differentiated credit delivery processes including implementation of critical credit systems such as CitiRisk.
·Manage approval functions and improve credit delivery Turnaround Times (TAT) to facilitate time to close, improve client experience and minimize adverse selection
·Support Team Managers in managing application and portfolio review pipelines, meeting targeted service levels, implementing processes and procedures, and reviewing quality of production
·Manage the credit portfolio to control volatility while supporting performance within the planned revenue and loan loss budget/forecasts
Risk Management and Controls:
·Communicate and ensure adherence to Centralized Credit procedures and Citi Commercial Credit Policy and Credit standards
·Work closely with Independent Risk, Compliance and other Controls & Audit functions to ensure robust portfolio evaluations and underwriting reviews (lead and participate in strategic initiatives, projects and process reviews)
·Work with Independent Risk to monitor external environment for any potential emerging risks
·Sponsor, recommend and approve credits facilities both as a first approver and as a final approver up to the authority delegated to CLM under CCB policies
·Responsible for data integrity strategy and implementation, and improving processes surrounding data quality, reporting requirements and regulatory compliance.
A successful Head of Business Banking Commercial Lending has these skills
·Ability to navigate and effectively manage Citi’s complexities and globality
·Effectively operate as one team by working across the Global Consumer Bank to get the best outcome
·Possess a franchise and strategic management mindset with a general manager orientation
·Successful track record in developing a team and exceeding team goals
·Builds great teams, is a team player, builds strong partnerships
·Highly effective influencing and motivational skills
·Strong leadership skills.
·Exceptional networking and relationship building skills.
·Client oriented with a focus on responsiveness and execution.
·High levels of energy and enthusiasm.
·Strong commitment to the business and team.
·Should be able to effectively interact with a variety of internal and external stakeholders including regulators.
·Candidate must have strong negotiation skills.
·Align teams to organizational vision.
·Candidate must have the ability to continually use strong business knowledge and sound judgment to direct multiple projects and resources.
·Candidate must have the ability to engage with all levels of executives to communicate project mission, needs, status, issues, etc.
·Must have superior organizational skills.
·Must have excellent written and presentation skills.
·Must be able to express a sound opinion, able to agreeably present another viewpoint.
·Extensive knowledge of commercial banking and credit operations.
·At least 10 years in key people management positions with significant leadership responsibility in a large, complex environment.
·Minimum 10 year experience working in a financial institution in credit originations and/or underwriting roles with broad based experience in structuring bilateral credit agreements
·Proven negotiation and conflict management experience
·Minimum of a Bachelor’s degree required.