Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization. ICM's objective is to provide integrated "end-to-end" credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise. Within ICM, the Credit Underwriting function (ICM-UW) provides analysis, greenlight, underwriting, first-line-of-defense credit approval and subsequent credit monitoring across all wholesale credit businesses including Banking, Capital Markets, and Advisory, Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS).Citi's Petroleum Engineering staff is responsible for evaluating the client's oil and gas reserves for determining the proper loan asset values for oil and gas exploration & production companies in conjunction with new financing transactions under consideration plus semi-annual borrowing base redeterminations. The engineering position supports the process by performing analysis and risk assessment of client engineering data. In addition, the engineering staff provides industry insight to support the Business and Risk organizations. This role reports directly to a ICM Underwriting Head of Natural Resources.KEY RESPONSIBILITIES:Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:Acquisition and evaluation of quantitative data to monitor performance of oil and gas assetsData input, organization, manipulation, and presentation of oil and gas cash flow projectionsExecution of engineering software (ARIES, PHDWin) to analyze data and prepare forecastsExtraction of model cash flow projections into Excel-based credit models to assess asset performancePreparation of narrative engineering reports and supporting documentationRoutine correspondence with internal partners and external clients related to engineering mattersPreparation of internal reports related to the oil and gas portfolioAd-hoc training presentation for Credit and Banking staffAdherence to credit policy and due diligence guidelinesFacilitate relationships with key clients in Banking and Risk and with key Regulators, Internal Audit, and control functionsSupport the ICM Underwriting Global Head of ICM Corporate Developed Markets Credit Underwriting and Head of Natural Resources on strategic initiatives/projectsSupport VOE initiativesQUALIFICATIONS:BS Petroleum Engineering or equivalent experience8+years of relevant experience with preference for some field experienceThis job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.------------------------------------------------------Job Family Group:Risk Management------------------------------------------------------Job Family:Credit Decisions------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:Houston Texas United States------------------------------------------------------Primary Location Full Time Salary Range:$114,720.00 - $172,080.00In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.------------------------------------------------------Anticipated Posting Close Date:Jun 05, 2024------------------------------------------------------Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity reviewAccessibility at Citi.View the "EEO is the Law" poster. View theEEO is the Law Supplement .View theEEO Policy Statement .View thePay Transparency Posting
