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Credit Risk Senior Analyst at Citibank in London United Kingdom
Job Description
Credit Risk Senior Analyst
Location: London United Kingdom · Hybrid
Citi continues to strengthen its business control and governance framework by building out Institutional Credit Management (ICM), a first line of defense function responsible for managing credit risk activities for Citi’s institutional clients. ICM’s objective is to deliver integrated end-to-end credit underwriting, identification, measurement, management, and monitoring for wholesale credit across the enterprise.
Within ICM, the Credit Underwriting function (ICM UW) provides credit analysis, underwriting, and first line of defense credit approval for periodic and material transaction reviews, as well as ongoing credit monitoring across all institutional businesses, including Corporate Banking, Services, and Markets.
The Credit Risk Senior Analyst role is responsible for a portfolio of institutional relationships primarily made up of Commodity traders but also including companies within the Commodities sector such as Power, Natural Gas, and Precious Metals, with credit exposure primarily in the form of loans, borrowing based facilities and derivatives. Responsibilities include providing initial and ongoing credit risk analysis of new and existing clients through a robust underwriting analysis process within Citi’s Wholesale Credit Risk Framework, Policies, Procedures and Guidelines; conducting continuous monitoring of client credit quality and exposure; supporting front office origination and marketed transactions with appropriate risk mitigation; presenting timely and well-reasoned greenlight proposals to the 2nd Line of Defense; and preparing and aggregating client data for periodic portfolio reviews. This position reports directly to the Commodities Underwriter Manager.
Key Responsibilities
- Perform fundamental credit analysis of counterparties in the Commodities sector using quantitative and qualitative factors, including market dynamics and regulatory considerations.
- Prepare Credit Approval Memos (CAMs) and assign risk ratings based on independent assessment and due diligence, internal modeling and scorecards, and client engagement, ensuring alignment within Citi’s risk appetite.
- Monitor the covered portfolio continuously, including tracking commodity price volatility, supply/demand fundamentals, and geopolitical risks; promptly escalate potential credit concerns.
- Review and recommend risk ratings across the Commodities Counterparty portfolio.
- Support senior Underwriters on all activities related to the assigned coverage including new transaction approvals, review of trade structures and exposures, writing of credit memos and credit administration.
Skills & Competencies
Risk & Credit Underwriting
- Strong analytical skills with ability to assess liquidity, leverage, and cash flow under volatile commodity price environments.
- Ability to form independent credit opinions and identify risks in derivative transactions and physical trading of commodities.
- Advanced understanding of financial statements, GAAP accounting, and financial spreading including calculation and analysis of key credit ratios.
- Expertise in industry research, including commodity market drivers, regulatory frameworks, and counterparty risk factors.
- Solid experience understanding Credit Policy and ability to benchmark transactions against internal standards.
- Proactive identification and escalation of potential risk issues.
Leadership
- Demonstrates commitment to Citi’s values and team collaboration.
- Embraces change and continuous improvement with curiosity and adaptability.
- Professional, reliable, and actively engaged in team discussions.
Interpersonal
- Strong relationship-building skills with ability to influence stakeholders at senior levels.
- Excellent organizational skills; able to manage priorities under time-sensitive conditions.
- Exceptional written and verbal communication skills tailored to diverse audiences.
Technical
- Advanced proficiency in Microsoft Office (Excel, Word, PowerPoint).
- Experience with internal credit systems, templates, and financial modeling tools.
Qualifications
- Bachelor’s degree in Accounting, Finance, Economics, or related field.
- Proven credit experience in Banking or Credit Risk Management, preferably with exposure to Commodities markets and derivative products.
What we can offer you
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- A discretional annual performance related bonus
- Private medical insurance packages to suit your personal circumstances
- Employee Assistance Program
- Pension Plan
- Paid Parental Leave
- Special discounts for employees, family, and friends
- Access to an array of learning and development resources
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Credit Risk------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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