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Citi · 1 month ago

Citi Commercial Bank - Field Exam Manager, Asset Based Lending

New York New York United States

Full-time

Hybrid

Senior Level, Lead/Staff

$177K/yr - $265K/yr

8+ years exp

Citi is a global bank that has been helping clients for the past 200 years. They are seeking a Field Exam Manager for Asset Based Lending to oversee third-party examinations and appraisals, ensuring compliance with credit policies and regulatory requirements.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Oversee all third-party field examination and appraisal activities across the Commercial Bank’s middle-market and mid-corporate ABL portfolio

Thrive in a strategic oversight capacity and understands how to translate field-level insights into actionable credit decisions

Oversee the scheduling, execution, and timely delivery of initial and recurring field examinations and appraisals conducted by external teams

Ensure engagements align with credit policy, regulatory requirements, and risk profiles

Collaborate with ABL Credit Officers to define appropriate scopes of work for field examinations and appraisals based on borrower complexity, industry risks, and collateral types

Critically review and analyze field examination and appraisal reports; identify key findings; assess collateral eligibility and valuations; verify borrowing base components; and pinpoint potential risks or operational deficiencies within the borrower's control environment

Serve as a central point of contact for external field examination and appraisal firms, ABL Transactors, ABL Credit Officers, and borrowers regarding field exam and appraisal matters

Translate field examination and appraisal findings into actionable adjustments to borrowing bases, eligibility criteria, and advance rates

Communicate these impacts clearly to relevant internal stakeholders and borrowers and recommend and monitor corrective actions with borrowers and internal teams to mitigate identified risks

Perform in-depth reviews of loan agreements to ensure collateral terms, eligibility definitions, reporting requirements, and covenants align with the bank's risk appetite and the findings from field examinations

Serve as the subject matter expert and primary author of the collateral section of approval memos, providing a clear, concise, and expert summary of the collateral position, eligibility analysis, and associated risks for senior management and credit committees

Qualification

ABL field examinationGAAP accounting principlesCredit underwritingVendor managementCPACFE certification

Required

8-10+ years in ABL field examination; with some bank experience preferred

Credit underwriting experience a plus

Experience managing external vendors and interpreting complex exam findings

Strong understanding of GAAP accounting principles as they relate to collateral reporting

Preferred

CPA or CFE preferred

Benefits

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Wellness programs

Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

Company

Citi

Glassdoor3.8

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Founded in 1812

San Antonio, Texas, USA

10001+ employees

https://www.citi.com

H1B Sponsorship

Citi has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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2022 (1117)

2021 (876)

2020 (901)