Senior VP Special Assets, Citi

Citi

Location:
Brazil, São Paulo

Category:
Banking

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

The Senior VP Special Assets is a strategic professional responsible for managing classified portfolios, implementing workout strategies, and advising on credit risk and remediation efforts. The role requires extensive credit analysis skills, excellent communication capabilities, and the ability to work with global teams.

Job Responsibility:

Manages classified portfolios, including stressed/distressed loans, trading positions and equity holdings
Provides an goals and autonomously assessment of classified assets with a focus on cash flow, capital structure and valuation analysis
Develops and implements workout strategies customers with exposures
Performs initial evaluation of assigned accounts, including business issues, likely loss or recovery, and documentation deficiencies, if any
Coordinates the retention of legal counsel and manages the relationship on an ongoing basis, including directing the parties' involvement in the workout and managing fee expenses
Manages account on an ongoing basis until workout is complete and account is resolved via payment (in full or as a compromised settlement), bankruptcy plan is approved, returned to the originating business unit, liquidated, or abandoned
Interacts with the obligor, reviews financial statements and appropriate financial analysis, negotiates any changes in documentation or terms and conditions of loan
Advises originating business and risk management of progress of the workout
Participates in periodic reviews held by Remedial Management, Risk Management, and the various businesses
Manage a portfolio of relationships that are subject to classifiable, judgmental management standards and credit policies
Accounts consist of more complex, large-exposure credit facilities and other ancillary products, including, but not limited to cash management and derivatives
Responsible for exposures subject to IAR reporting
Conducts Special Mention Assessments
Manages assigned accounts within acceptable risk parameters on an ongoing basis until workout is complete
Identifies, modifies and implements designed and approved workout strategies
Works and interacts with customers, attorneys, and other third party professionals to acquire all necessary documentation, due diligence and market intelligence
Evaluates and processes data, historical information to assess appropriate strategy
Develops and presents action plans for assigned portfolio to Senior Management or 3rd parties
Negotiates with customers and internal Citi product/customer partners
Reviews accounts on a routine basis to gauge the level of progress achieved versus stated action plan, payment status (delinquency), documentation exceptions, annual review anniversaries, financial covenants, data integrity, and any other customer service (internal or external) follow-ups that arise during the course of time
Advises Business and Risk Management partners of progress of the workout plan as well as potential risks that may develop throughout the course of the remedial effort
Prepares reporting criteria for loan performance including internal and external requirements such as IAR analyses and TDRs
Deals with internal and external counsel strategically and on a cost effective basis
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, 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

Requirements:

Extensive credit analysis skills, including large corporates
Ability to run deal teams and manage large bank syndicates
Paramount communication skills with ability to synthesize the argument in a logical and rational manner
10+ years experience in analyzing loan agreements and bond indentures
Experience in specialty industry lending structures, including Oil & Gas and ABL, is preferred but not essential
Sound understanding of credit issues and is able to establish and process risk mitigation plans from inception to implementation to resolution
Excellent negotiating skills with customers and internal partners
Capable of collecting information from various parties with potential opposing views/agendas in an efficient and detail-oriented manner
Ability to communicate and influence in a cross functional environment in settings that could involve conflicting priorities and timetables
Represents Citi in discussions with auditors and reviewers on issues relevant to their daily role
Knowledge of typical commercial risk policies and procedures
Experienced in commercial credit analysis and remedial management
Proficient in collateral analysis and valuation, including real estate appraisals, field exams and asset searches
English and Portuguese is required
Spanish is a plus

Nice to have:

Experience in specialty industry lending structures, including Oil & Gas and ABL
Spanish is a plus

What we offer:

Equal opportunity employer
Reasonable accommodations for individuals with disabilities

Additional Information:

Job Posted:
August 19, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Senior VP Special Assets