We are actively seeking an energetic and innovative Sr. Product Manager to join mission to transform how Citi manages Wholesale Credit Risk (WCR), specifically focusing on Institutional Lending Classifiable Managed Real Estate. The banking products under focus include Income-Producing Commercial Real Estate, Construction Lending, Loans for Commercial Mortgage-Backed Securities, Owner Occupied Commercial Real Estate, Commercial Mortgage Financing, and more.
As a Sr. Product Manager, you will be a part of a new organization named Institutional Credit Management (ICM), which was recently formed to transform the way Citi manages the extension of wholesale credit to institutional clients. ICM is a global group focused on re-imaging credit control process, policies, and technology to manage the wholesale lending process end to end. Within ICM the Underwriting Product Management function is responsible for managing and developing credit risk strategies as they pertain to risk appetite management, client engagement, origination decision making, and credit monitoring. Additionally, the product manager is responsible for managing requirements and development activities that will create a user centric experience to meet the needs of differing business lines, regions, and regulatory demands.
If you are an individual who takes ownership, strives for client and risk management excellence, and learns from different perspectives to surpass stakeholder expectations, then this is a unique leadership opportunity for you. This role will work in collaboration with cross-functional and cross-business stakeholders throughout the lifecycle of the initiative. To be successful in this role, the candidate will have previously in-depth understanding of corporate lending and underwriting processes and has familiarity or experience partnering with technology to drive incremental change according to software development principles.
Credit Risk Activities in Scope for Transformation:
- Originations & Amendments – Transformation of the deal management lifecycle from prospecting through underwriting, credit administration, and booking operations
- Periodic Assessment and Client Monitoring – Transformation of the credit review processes including Annual Reviews and Problem credit management
- Portfolio Limit Setting and Management – Transformation of how Citi Manages Limits across Lending and Counter Party Credit products, including implementation of a comprehensive monitoring structure
- Client Management and Servicing – Transformation of how our clients interact with Citi to execute on their business operation needs, including statements, draws, etc.
- Core Services – Transformation of the underlying foundation, data, and functional services that support the above business activities (e.g. Financial Spreading, Collateral Management, Covenant Monitoring, etc.)
Key Focuses:
- Partner with senior underwriting management to develop origination and credit monitoring strategies for managing credit risk in a timely, accurate and complete manner for the real estate portfolio
- Partner with 2LoD risk partners to influence policies, standards, and procedures to align with product strategies, ensuring alignment to Citi’s risk appetite
- Identify critical real estate lending data that is fundamental to improved decision making and credit monitoring experiences, eventually driving to data and analytics driven approach to managing credit risk
- Effectively navigate from the strategic to the requirement level, enabling the design team to confidently execute designs informed by user needs
- Lead a set of products working groups to maintain outcome based roadmaps an sequencing, review progress towards OKRs, and track risk dependencies and issues
- Conduct design workshops that enable collaboration and conceptual solutions, while serving diverse personas
- Leverage journey-based design strategies to drive an overall product design process and validate prototypes into production, including visual design and content strategy
- Drive digital transformation by re-engineering operational business processes, focusing on optimizing target state processes and end to end workflow orchestration with technology empowerment
- Follows market, industry, and client trends to own field and adapts them for application Citi’s products and solutions platforms
Qualifications:
- BA/BS degree in business or technology related field
- 10+ Years of experience in a front office, underwriting, or second line risk management capacity
- Experience in managing or leading complex transformative change, either as an end user, product manager, or underwriter
- Familiarity in different software development methodologies and project management concepts (e.g., requirements creation, feature identification, and user story writing)
- Demonstrated ability to translate end user needs into tangible work products that technology engineers can move forward to develop (e.g. Process Flows, Requirements, Design Artifacts, Screen Mock Ups, etc.)
- Track record of working across multiple stakeholders and collaborating with various technology partners
Job Family Group:
Product Management and Development
Job Family:
Product Development
Time Type:
Full time
Primary Location:
Irving Texas United States
Primary Location Salary Range:
$139,690.00 – $209,530.00
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