Working at Citi is far more than just a job. A career with us means joining a team of approximately 219,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
The Loan Doc & Proc Analyst 1 is a trainee professional role. Requires a good knowledge of the range of processes, procedures, and systems to be used in carrying out assigned tasks and a basic understanding of the underlying concepts and principles upon which the job is based. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Makes evaluative judgements based on the analysis of factual information. They are expected to resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents. Must be able to exchange information in a concise and logical way as well as be sensitive to audience diversity. Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own job. Individual must be accountable, ethical, results oriented, trustworthy, and credible.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Responsibilities:
- This role will require manage preparing and reviewing loan documentation while providing support to a variety of tasks related to the loan process. Activities will include independently processing and closing loans within a complex loan operations environment
- Our primary duty involves accurately recording all cash movements associated with loan bookings. This requires precise entry of transaction details into our systems, ensuring accurate capture of loan specifics between all involved parties. Adherence to this process is paramount to prevent discrepancies, potential disputes, and financial losses to the Bank against credit risk.
- Furthermore, we are responsible for instructing payments for loan disbursements and other movements. This necessitates strict compliance with payment deadlines and banking protocols to ensure timely settlement. Rigorous verification of beneficiary details and amounts is crucial to avert erroneous transfers, which could lead to significant operational and financial repercussions. All payment instructions must align with internal controls and external regulatory requirements
- There may be possible interaction with other counterparties around positions and outstanding balances/claims
- Supports an expansive and/or diverse array of products (risk and control) /services
- Follows established procedures to identify and resolve problems related to loan documentation/processing activities that require investigation or research and makes recommendations to management to support process improvement
- Extract comprehensive loan booking reports across various loan processes
- To extract comprehensive loan booking reports across various loan processes.
- Makes judgments based on the analysis of factual information, and provides assistance in the implementation of loan documentation process improvements
- Minimizes risk to the bank through increased knowledge of procedural requirements - understands and monitors errors to suggest process improvements, and adhere to audit and control policies
- Often related, but not limited to loan documentation processes
- Timely management and escalation of all inquiries and issues related to loan processing
- Demonstrates a sound level of understanding of products and processes, and of how duties relate/integrate with others in the team and closely related teams
- Demonstrates an excellent knowledge of Bank related systems
- Has direct interaction with external customers to disseminate or explain information
- Individuals at this level exhibit strong executional capabilities
- Utilizes strong communication, interpersonal and diplomacy skills to interact with colleagues and stakeholders, and to exchange potentially complex/sensitive information, while being sensitive to audience diversity
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citi, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Requirements:
Skills: Prefer to have
Fundamental Knowledge of risk types, policies and control measures and processes
Skills: Nice to have
Knowledge of Business Processes, Systems and Tools used in the Loan Process
Knowledge of Loan Processes and Procedures
Knowledge of Loan Products and Loan Services
Previous experience managing and reviewing loan documentation.
Typical Awareness of the industry, competitors and trends
Basic Knowledge of Financial Products, such as Cash Management, Treasury, the Trade
Lifecycle
Fundamental understanding of compliance with applicable laws, rules and regulations, and
adhering to Policies
Basic ability to provide evaluative and ethical judgment to make decision
Basic ability to identify, mitigate, resolve, manage, and escalate risk and issues
Fundamental ability to think strategically, considering the end-to-end, adjacent impacts to
the broader system; to formulate strategies and innovate
Some understanding of how to analyze and think critically and conceptually and
interpretively to solve problems. Includes ability to identify opportunities, assess needs,
conduct qualitative and quantitative analyses, synthesize insights and provide
recommendations.
Effectively communicate (written and verbal) and present with diplomacy; Ability to build and
manage relationships through advising, collaborating, influencing, negotiating and
persuading.
Some Knowledge to identify opportunities to improve, and design processes and standard
operating procedures, including managing KPIs and SLAs to monitor and enhance service
quality and process integrity.
Basic experience in leading, managing accountability and managing complexity; Ability to
coach, facilitate and guide to achieve results
Qualifications:
- 2-4 years’ Experience, relevant industry experience
- Proactive with strong sense of responsibility
- Ability to collaborate with team members within and outside of own team
- Can work well under pressure and multi-task with a sense of urgency
- Ability to perform well in a dynamic and fast paced environment
Education:
- Bachelor’s/University degree or equivalent experience
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Operations - Transaction Services
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Loan Documentation and Processing
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Full time
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Please see the requirements listed above.
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For complementary skills, please see above and/or contact the recruiter.
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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
