Analyst, Margin Lending Credit Underwriter, Investment Finance

Hong Kong, Hong Kong
Jun 14, 2023
Jul 06, 2023
Job Function
Wealth Management
Industry Sector
Finance - General
Employment Type
Full Time
This role is within the regional APAC Global Wealth Management, Counterparty Credit (CCR) Underwriting Team who are responsible for underwriting of Margin Lending and Capital Markets (OTC derivative and securities financing) transactions for Private Banking clients in South and North Asia.

The Counterparty Credit Underwriting team sits within the Business (first line of defense), working in close partnership with Bankers and Origination to prepare credit, financial and collateral analysis for new transactions and for periodic annual reviews of existing credit exposures for business approval and onward recommendation to Credit Risk Management. This role supports one or more experienced CCR Underwriters.

Key Responsibilities:
  • This role will report to one or more experienced CCR Underwriters who are responsible, working in partnership with the Margin Lending Origination, the Global Capital Markets (GCM) Credit Solutions Team and Private Bankers, to initiate and underwrite Margin Lending and/or Capital Markets transactions as well as completion of the annual review of existing facilities
  • The role will support the CCR Underwriter(s) in all elements of their day to day underwriting responsibilities for an existing portfolio of clients and new relationships. This will include:
    • Supporting preparation of underwriting related elements of Greenlight Memo's for Business and Credit Risk Management Approval
    • Preparation and timely completion of new, interim and periodic credit reviews of existing assigned credit relationships, covering both capital markets and margin lending activity and coordination with Wholesale Credit Market Underwriters for those relationships with non-CCR exposures
    • Ensuring facility and credit related data is correctly captured in the credit application package
    • Compiling and circulating of credit application package for approval
    • Co-ordinating with Quality Control Team to ensure timely setup/authorization of credit facilities in the credit platform.
    • Conducting due diligence, including: risk ratings, collateral analysis, borrower and financial analysis, to the standards laid out in the relevant Citi policies, standard, procedures and credit memo templates.
    • Coordinating and managing the necessary Business and Credit approvals
    • Preparing and monitoring of borrower compliance with facility covenants and other approval condition.
    • Working with Margin Lending Origination and GCM Credit Solutions Team in coordinating margin call deferrals and approvals
    • Ensuring derivative, margin loan and other associated legal documentation is executed in line with the credit approval
    • Monitoring and remediation of limit excesses
    • Working and navigating across all of Citi's risk and reporting infrastructure to ensure exposures and risks are accurately reported and monitored appropriately
    • Working closely with quality assurance to ensure all controls related to the credit applications are adhered to
    • Participating in strategic projects and team tasks, including involvement in internal audit and MCA reviews, as required
  • Minimum 2 years' experience in a credit underwriting/analysis in a financial institution.
  • Private Bank client experience preferred but not required
  • Knowledge of Margin Lending and Derivatives
  • Strong analytical skills and detail orientated
  • Excellent communication (written and verbal) and interpersonal skills
  • Team Player
  • For roles based in Hong Kong a Cantonese or Mandarin speaker is preferred
  • Bachelor's/University degree in a financial discipline preferred

Job Family Group:
Private Client Product Services

Job Family:
IF Lending Generalist

Time Type:
Full time

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