Credit Underwriter - Director

Single PositionExplore a Career With UsView All JobsHybridCredit Underwriter - DirectorMUMBAI, Mahārāshtra, India No longer accepting applications.Job ID26957556Date posted04/20/2026DepartmentRisk ManagementCiti continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a first line of defense business line, to house and consistently manage credit risk activities performed for Citi’s institutional clients. ICM’s objective is to provide 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” or “UW”) provides credit analysis, underwriting, and first line of defense credit approval for periodic / material transaction reviews, and any necessary subsequent credit monitoring across all institutional business including Corporate Banking, Services, and Markets relationships.The Senior Underwriter manages a team of corporate underwriters, covering large and complexrelationships, being responsible for all underwriting activities, in partnership with Business and Risk. This role reports directly to the local head of Underwriting.Key Responsibilities:Executes, aligned with global and regional strategies, all responsibilities regarding underwriting,including, but not limited to:Adoption of leading practices in credit analysis, underwriting, and monitoring, including the end-to-end underwriting process, from early origination discussions to development of credit approval memos, and senior approval forumsManage junior resources and serve as a key point of contact for the team for escalations / guidance as requiredPerform a detailed review of the financial analysis, due diligence, projection modeling, stress testing, risk rating, and other in-depth analysis performed by junior resourcesReview and approval of Credit Approval Memo (CAM) packagesPartner with front office on structuring and production of term sheet for new transactionsFacilitate relationships with key clients in Banking, Markets, and Risk (as applicable) and with key regulators, internal audit, and control functionsSupport the Head of Credit Underwriting and the Head of ICM on strategic initiatives / projects as requiredRisk Management Experience:Senior credit approval authority covering large and complex underwritings, capital commitments, derivatives with multi-industry experienceDemonstrated expertise in and exposure to global credit risk management standardsAbility to understand capital markets products and complex financing and product structuresAbility to provide strategic insights and strong sensitivity to macro and regulatory issues, and impact of such issues on the various Risk families, including operational and franchise risksAble to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with banking and product organizationsClient Relationships / Business Partnership:Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices of competitorsNavigates organizational complexity and breaks silosCreates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functionsProven experience of managing a teamProvides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationshipsProven track record of partnering with global peers in leveraging and implementation of best practicesQualifications: 15+ years risk/risk-related credit work experience in banking/financial institutions, including 8+ years' managerial experienceProven ability to effectively engage with regulators and internal control functions including Internal Audit and Fundamental Credit Risk as well as with external auditDemonstrates strong ethics and integrityAbility to see the ‘big picture’ in a complex...