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Citi Wealth's Art Advisory team has been a leader in the art advisory field since 1979, a regulated fiduciary providing personalized acquisition and selling strategies, as well as collection management services. The Art Advisor Senior Lead is a strategic professional who closely follows the latest trends in the art world and adapts them for application to serve clients’ needs and the business; typically, a small number of people within the business provide the same level of expertise.
Job Responsibility:
Assist clients in all geographies globally with art collecting activities: buying, selling and professional collections management
Advise clients regarding their art acquisitions and sales to maximize quality and value
Act as a representative for Art Advisory in the art market through experience, expertise and integrity
Have regular contact with clients to determine needs and provide personal attention to all details of their collecting and curatorial issues, some travel required
Using experience of past fluctuations in the market, bring perspective to client decisions to protect customers from inappropriate transactions
Maintain regular contact with art market sources, keep up to date with market information and research, identify works to recommend from auction or private sources, determine condition, prepare market analysis to determine appropriate price level, negotiate or bid on client's behalf, direct Collections Manager to oversee restoration, shipping, insurance, installation, loans to exhibitions, publicity, or consignment for sale
Ensure compliance with legal and regulatory requirements in keeping with the policies of the Citi Wealth
Balance understanding of art market with requirements of financial institution and fiduciary responsibility
Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citi, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency
Perform various duties related to governance, reporting and risk management related to compliance with Regulation 9
Assist bankers in identifying art prospects and marketing of Citi Art Advisory
Coordinate with business heads and bankers throughout Citi to source clients and introduce own network of art prospects, major art collectors, dealers and auction houses for Advisory business
Write client focused art market updates and focused art historical articles
Recommend venues for client events, topics for panel discussions and articles
Liaise with Citi’s Art Finance team: Inspect and research proposed collateral for value, condition, and marketability, update existing collateral according to market fluctuations, inspect annually or in some cases more frequently to ensure properly maintained
utilize experience and depth of understanding of art market to provide lending officers with necessary information on art collateral and market analysis
Requirements:
Extensive experience in the art market
Proven business development skills and experience
Degree in Art History
Expertise and responsibility equivalent to senior specialist at auction house or Senior Director at major gallery
Candidate must have expertise in Impressionist & Modern Art, with additional strength in Postwar & Contemporary art
Willingness to expand area of expertise as necessary
Foreign Languages and international experience a plus
Proficiency in Microsoft Office, including Excel, Word, Teams, Outlook, PowerPoint
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