Citi Associate Credit Operations Analyst in Houston, Texas
Primary Location: United States,Texas,Houston
Education: Associate's Degree/College Diploma
Job Function: Operations Credit Ops
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 16061869
We’re looking for an Associate Credit Operations Analyst to join our world-class team
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 Associate Credit Operations Analyst 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, an Associate Credit Operations Analyst will be responsible for the following
·New Credit Origination and Booking; Portfolio Monitoring/Management /Data Quality Control; Process customer loan servicing requests, including advances, paydowns and maintenance;
·New Credit Origination, specializing in complex credit relationships:
·Supports business in new credit origination: - Independently pulls due diligence reports as necessary ( D&B, TRW, Lit & Lien Search, CPA Check, UCC Searches)
·Makes a place of business call with significant clients to obtain financial statements, tax returns, a/c receivable aging.
·Works directly with owners, executives, and corporate officers of client companies.
·Review reports for credit worthiness by reviewing credit scores on personal TRW's, analyzing any litigation or liens outstanding on properties, reviewing UCC lien reports and amendments to determine if Citi would be in line for first lien on assets.
·Works independently with client to answer any questions on due diligence report and financial statements before supplying RM with data.
·Performs OFAC checks on clients and facilitates Reg B checks to ensure all risk is reviewed and regulations are adhered to.
·Performs independent analysis on high net worth clients and recommends if customer is initially credit worthy based on due diligence findings.
·Analyzes if any risks associated with lending to the client are worth while from cursory review.
·Interfaces with RM who will complete thorough analysis with additional data from customer financials statements, aging, etc.
·Prioritizes and processes incoming credit requests and reviews for accuracy and completeness; interprets them to convert to concise and accurate credit facilities.
·Initiates and coordinates the set-up of customer and transaction data in the appropriate credit systems, including but not limited to customer identification and Know Your Customer policies, collateral assessment, facilities structure and documentation requirements, specializing in complex credit relationships and specialized industries.
·Customer facing throughout the credit origination process in participating in Place of Business calls with RM, independently obtain financials from client,interacting with client with any questions on due diligence and financial data.
·Manages vendor support such as Title companies, attorneys, CPA's and appraisers etc.
·Involves engaging Field Examiners, coordinating appraisal and environmental reviews with REEO and the customer, Coordinate Flood Insurance docs from customer and broker, works directly with attorneys in preparation of documents.
·Monitors and coordinates the timely clearing of all pre-closing requirements, including conditions precedent, Basel collateral reporting requirements and documentation.
·Ensures collateral is secured.(stocks pledged,cash collateralized accounts blocked)
·Provides consultative support for syndications and participations with multiple lending institutions.
·Facilitate and execute proper set up of soft credit exposure including automated clearing house (ACH) and fed fund check clearing.
·Facilitate and execute proper set up of soft credit exposure including automated clearing house
·Facilitate and execute proper set up of Trade Credit Products including but not limited to Commercial and Standby Letters of Credit etc.
·Facilitate and execute proper set up of Foreign Exchange and interest rate swaps (derivatives).facilitates execution and provides guidance toother job families in the execution phase
·Performs covenant and portfolio monitoring to ensure that complex loan portfolios are accurate and that needed actions are taken in a timely manner.
·Performs data integrity reviews and initiate necessary corrective actions.
·Proactively coordinates with Risk Management, Finance, and Operations to ensure that reporting requirements are met and loan maintenance requests are completed accurately.
·Analyze and reviews information obtained from the Credit Approval Process and loan documentation for accuracy, completeness and quality.
·Analyze and reviews credit approval summary to assess required documents and coordinates internal documentation preparation and external documentation via outside counsel.- Elevates discrepancies to RM and ensures adequate exception approvals obtained, if applicable
·Coordinates and participates development of loan documentation with outside counsel.
·Analyze final loan documentation to ensure it is consistent with credit approvals and that conditions precedent have been satisfied.
·Prepares booking worksheet data for Loan Operations and ensures transaction terms and structure including Basel II requirements are accurately reflected in core loan system (AFS).
·Secures collateral, monitors collateral adequacy, and notifies Relationship Manager if escalation with the customer is warranted.
·Builds and maintains credit files and other documentation required by credit risk policy.
·Complete and approve administrative credit approval summary.
·Serves as primary contact for complex Customers requesting credit advances and pay downs on approved credit facilities. Monitors credit availability, independently approves requests, and coordinates disbursements with Loan Operations.
·Monitors availability for borrowing base facilities and loan compliance to ensure proper disposition of availment requests.Proactively quotes rates to customers for LIBOR borrowings as outlined in credit agreement and independently processes via operations.
·Independently reviews and approves overdrafts on a daily basis up to one million dollars and solicits approves where additional credit authority is required for that transaction.
·Monitors intra-day and end-of-day exposure against limits where relevant (e.g. ACH), prioritizes exceptions detected and escalates as needed.
·Reviews credit worthiness for existing clients and credit facilities in a relationship (reference new credit origination process above), with expertise in complex credits and significant relationships.
·Analyzes and monitors covenants and reporting requirements (ex. accounts receivables aging, inventory reports and tax returns).
·Audit Support: Performs independent, periodic RCSA testing.
·Facilitates internal and external audits such as ARR and peer reviews.
·Contributes to achievement of acceptable audit ratings.
·Ensures Know Your Customer and Electronic Customer Acquisition Due Diligence requirements are in place for Anti-Money Laundering reviews
·Provides senior subject matter expertise to Relationship Managers, Product Managers, and Portfolio Managers
·Advises on credit policy, procedures, credit systems, and loan documentation requirements.
·Seek and disseminate to share and train best practices with peers and colleagues when appropriate.
·Works with product partners to develop and enhance current product base.
·Responsible for completion of Risk initiatives on behalf of the Relationship Managers that are being implemented by the Business.
·Serves as acting manager when manager is unavailable.
·Lead and represent the overall team on credit projects and initiatives
A successful Associate Credit Operations Analyst has these skills
·Experience with Microsoft Office Programs
·Excellent communication and interpersonal skills
·Strong Organizational and time management skills
·Ability to prioritize tasks
·Ability to work under pressure
·Problem Solving and Analytical abilities
·Business writing skills
·6-10 Years Financial/Banking Industry Experience
·Associate’s Degree at a minimum; Bachelor’s Degree preferred