CA NeWs Beta*: Vacancy for CA in Citi Bank

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Monday, February 23, 2015

Vacancy for CA in Citi Bank


About Citi Commercial Bank


Citi Commercial Bank (CCB) in India is a full-service commercial bank catering to a wide range of SME & MME clients across industries. Established since 1998, Citibank’s Commercial Bank division is amongst the first foreign banks in India to have a dedicated strategic Business Unit focused on the Emerging Local Corporates.


In addition to expert advice and services the unit offers its clients a complete range of corporate banking products and services which includes Operating Accounts, Cash Management, Cash-To-Mobile Receivables Solution,
Forex Services, Trade Finance, Treasury and Risk Management, CitiDirect® Online Banking, and Investment Management & Advisory. Strategic Products include Advice on Acquisitions, Mergers and Divestures, Capital Markets, Structured Trade Finance and Cross Border Financing.


Citi Commercial Bank is currently a dominant player across several industry verticals including Pharma, Packaging, Ecommerce, Travel management, Information Technology, ITES-BPO, Capital Goods, Auto Ancillaries and Chemicals. Moreover, it has a strong focus on OEM (Original Equipment Manufacturers) units within this segment. The Bank offers an unparalleled global network covering over 100 countries and an extended correspondent network of over 3,000 banks. Leveraging the broad geographic reach and the latest technology, Citibank has the capability to deliver global resources and expertise to any client, anywhere in the world.


Role Outline/Job Summary


Key responsibility is to prospect and on-board MME clients. Identify areas for pitching asset or liability solutions, work with product partners across TTS, FX etc. to suggest appropriate solutions. For asset clients, work with Credit Analytics Unit (CAU) and Risk partners to evaluate credit appropriateness and disburse the facility.



A. ROLE & RESPONSIBILITIES

Business/ Department

Objectives:


Citi Commercial Bank partners with Mid-Market Enterprises to provide an array of banking services. MME clients are Indian promoted companies with turnover between USD 50MM to USD 500MM. Our range of products include commercial loans, FX and treasury, cash and trade solutions to structured trade, investment banking and capital market solutions.


Core Responsibilities:


Prospect and on-board MME clients. Identify areas for pitching asset or liability solutions, work with product partners across TTS, FX etc. to suggest appropriate solutions. For asset clients, work with Credit Analytics Unit (CAU) and Risk partners to evaluate credit appropriateness and disburse the facility.


Day-to-Day Responsibilities:


1. Network through industry associations or use personal/ professional alliances to identify and prospect MME names.

2. Interact with promoters / top management in target companies and understand their financial / banking requirements

3. Develop solutions for the company, including credit solutions. Partner with product specialists across FX, TTS and IB to suggest appropriate client solutions.

4. Work with Credit Analytics Unit and Risk partners to structure a credit solution with appropriate security structure and other risk mitigants

5. Work with Operations and CRMS to complete KYC/ loan documentation to on-board the client.


Financial/ Budgetary:


Revenue of USD 300K per year from acquired MME clients.


Individual Contributor (IC)/Managerial : Individual Contributor


Key Deliverables:

1. 6 MME names per year
2. Revenue of USD 300K per year from acquired MME clients



Qualifications


A. QUALIFICATIONS


Education: MBA / C.A.

Experience:

Required :5 – 8 years relevant banking experience

Preferred : Earlier exposure to Credit Analytics Unit/ Risk, experience in Commercial/ Corporate Banking / Product Sales would be an added advantage

Certifications:

Required : Citi Mandatory Certifications.

Preferred: Fundamentals of Credit Underwriting, Risk, Financial Statement Analysis, Trade and Cash Ace, SPIN

Skills:Strong communication and presentation skills


ORGANIZATIONAL RELATIONSHIPS :


Partnerships :


Internal :

Credit Analytics Unit, Risk, TTS, ICG, CPB, Legal/ Compliance, IBC/ BUCO, Operations, CRMS, CCB Product and Marketing


External: Client organizations, Industry associations, key influencers


DEVELOPMENT :


Career Progression:Relationship Manager – CCB, Team Leader, Product Specialist/ PSMs across ICG, TTS or CCB

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