Remedial Mgmt Sr Group Manager

**Responsibilities**:

- Reviewing and approving valuations and restructuring analysis for stressed and distressed assets and situations, including the determination of write-off, reserve and risk of loss amounts that directly impact the P&L of the firm;
- Providing guidance and strategic / tactical thought leadership on the assessment of liquidity, debt capacity and other areas of financial and operating performance to evaluate areas of weakness and potential for turnaround, which is measured by setting and monitoring appropriate classification triggers;
- Working closely with Region Heads and senior members of Risk and Business to ensure coordination on the restructuring/valuation process and situations and escalating any potential issues
- Tracking ongoing performance of classified credits and reporting to senior credit and business management;
- Providing thought leadership on policy and procedural matters that affect Remedial Managment and driving solutions; and
- Participating in and leading Citigroup-level and Business-level policy-based initiatives and special projects
- Reporting to Seniors, manage exposures from early problem recognition through to full restructuring or insolvency recovery, including appropriate risk rating, classification and carrying values.
- Demonstrates effective communication with the issuer and all relevant constituents to ensure awareness of the problems and potential solutions, including fresh equity, disposals, refinancing or restructuring
- Assess financial and operating performance to evaluate weaknesses and potential for turnaround and to evaluates liquidity requirements and debt capacity
- Partner with the Valuation Team, in modeling and assessing companies' financial position to assesses appropriate debt structure and accurate debt value (using the most appropriate valuation methodology)
- Assist, lead and/ or influence the structuring and negotiation of term sheets (dependent upon experience)
- Engage and lead the restructuring team comprised of lawyers, accountants, banks, and creditor groups, occasionally as part of a creditors' committee
- Partner with and influence decision making among internal businesses and product areas - including senior management
- Conducts risk management of the classified portfolio including monitoring performance of assigned accounts and forecasting exposures for capital and asset quality purposes
- Provides Coaching, developing and mentoring
- Manage the team structure by understanding personnel needs, seeking organizational support, recruiting and retaining talented members of the team
- Manages a remedial/recovery team that is responsible for structuring, analyzing, approving, and resolving a commercial portfolio of focused sub-performing, non-performing, and off strategy transactions consisting of varying degrees of credit risk, structure complexity, and customer profile.
- Applies analytical, strategically, and managerial skills to asses risk/return and best strategies for accounts managed by teams of workout professionals.

**Qualifications**:

- 15+ years experience in fundamental credit assessment techniques and policies of a global financial institution
- Ability to analyze corporate financial statements, business plans, across a range of industrial sectors and financial
- Very good negotiation and presentation skills.

**Education**:

- Bachelor’s/University degree, Master’s degree preferred and managerial experience

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Management of all Mexico's CCB Classified Portfolio, with the purpose of establishing and executing the correct remedial, recovery, and collection (including legal processes) strategies to achieve the best possible results. Management and Leadership of all Mexico CCB Special Assets team. The position is also in charge of all approvals regarding Renewals, Releases, Amendments, Restructures, New Facilities, Write Offs, Reserves and Follow ups of all Classified loans in the Country based on approved grid and delegations. Desirable: An SCO designation with up to US$25MM authority for ORR's 7 or worse or above. Participation in Local Credit Committees and Senior Management Calls. Support/Participation in Global Risk tasks/processes such as High Risk Reviews, Presentations, Oversight of Latam countries, FRC's, Peer Reviews. In charge of local GDRS, Credit Reserves, DPC Archer, MCA, Corporate Policies applicable to the Area ( COB, IS, RM, Fraud Management and Compliance), Updates to Senior Management, Assessments and participation in policies or procedures updates, Training, development of team, leadership, among others.
- **Job Family Group**:
Risk Management
- **Job Family**:
Remedial Management
- **Time Type**:
Full time
- Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion