Job Description

The Risk QC Credit Officer delivers results by exercising discretion and judgment that is based on an in-depth subject matter and industry expertise. Evaluates complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Strong communication and diplomacy skills are required in order to support, guide and influence others, in particular colleagues within the function and in other areas. May assist management with planning, policy and procedure formulation, and feedback regarding work product quality. Requires strong knowledge of process and the ability to identify gaps and take the lead on process improvement.
Responsibilities:

• Uses judgment to conduct reviews of credit transactions ranging in complexity with direct business impact. This includes new residential real estate mortgage/HELOC financings ranging primarily in size from $500M to $5MM, with some larger dollar transactions up to $50MM, for professional services and high net worth customers of Citi Wealth covering properties in the U.S.
• Performs oversight of the audit function for High Net Worth, Ultra High Net Worth and Portfolio lending.
• Integrates in-depth credit underwriting background of complex transactions for HNW and UHNW clients with a solid knowledge of industry standards and practices.
• Provide timely and accurate feedback to appropriate levels of management within the function regarding necessary corrections, adjustments and observations found during second level monthly audit reviews.
• Consistently evaluate processes and controls for improvement opportunities, potential gaps and appropriate remediation. Escalate process related concerns to the appropriate levels of management within the function.
• May interact with Risk Management, Originations and/or Credit Policy staff, including senior management levels when applicable or directed, to resolve issues.
• Performs other duties and functions as assigned.

Qualifications:

• Candidate should have 7+years of experience in underwriting consumer mortgages; familiarity with Fannie Mae and Freddie Mac guidelines required. Other experience with portfolio or home equity lending is a plus.
• Extensive mortgage industry knowledge related to credit worthiness, regulatory requirements, agency/non-agency (including portfolio, HNW and UHNW) and FHA/VA guidelines is required.
• Thorough knowledge of property and credit requirements, including secondary marketing concepts.
• Excellent oral/written communication skills. Strong analytical, process driven and problem-solving skills; ability to interact with all levels of the organization; confident in ability and able to credibly defend rationale for decisions if challenged or otherwise necessary.
• Excellent leadership skills.

Education:

• Bachelors/University degree strongly preferred (Business, Finance, Accounting or Economics) or equivalent professional experience.

Job Family Group: Risk Management
Job Family: Credit Decisions
Time Type: Full time
Most Relevant Skills Analytical Thinking, Constructive Debate, Escalation Management, Financial Analysis, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.
Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.
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