Can someone clarify if this is a standard IB Associate role, or if it's something different? It reads like it includes aspects of investment banking, but it also reads like it's a markets or internal business development/marketing type role. I have seen IB postings from Citigroup before and they were pretty typical/weren't described like this.
Thanks everyone.
Citi's Global Bank advises Corporate and Public Sector Clients in financial matters, including strategic matters (Mergers & Acquisitions) and capital structure (corporate finance). This advice helps corporations grow and succeed in virtually all of the world’s significant industries. Our strategic advice and market solutions allow our clients to address the most critical issues facing their business and to optimize the performance of their business operations.
The Global Bank draws on our unique global presence and unparalleled markets leadership to provide our clients with highly value-added and best-in-class advice on financial matters in all corners of the globe. In addition to traditional investment banking (mergers & acquisitions, divestitures, financial restructurings, takeover defense, underwriting and distributing equity, debt and derivative securities), the Global Bank also provides unmatched global solutions for our clients’ needs around the world (cash management, foreign exchange, trade finance, custody, clearing and loans, and structured products).
Our office is currently recruiting an Associate who will work closely with the Global Banking team and in certain cases with various North American industry teams to assist in the development of creative solutions for Corporate clients across the full spectrum of corporate finance products including acquisitions, mergers, divestitures, financial restructurings, underwriting and distributing domestic and Cross Border equity, debt and derivative securities. In addition the Associate will gain exposure to credit products, securitization, structured products, FX, asset based finance and transactional services.
Job Description:
• Analyze and develop an understanding of the bank’s customers including their financial condition, risk profile, industry and business activities.
• Lead and assist various product groups (Derivatives, Fixed Income, Project Finance, etc.) in producing marketing presentations.
• Perform due diligence on financing and advisory transactions.
• Develop and maintain industry knowledge and stay up-to-date on industry developments.
• Regularly accompany Senior Bankers on client visits to assist in the origination of business and develop client interaction skills.
• Build and interpret detailed financial models of customers.
• Become fluent with respect to Citibank's credit policies and requirements.
• Coordinate with credit support staff to ensure that annual reviews are completed as required.
• Develop an understanding of interpreting legal documents.
• Provide back up for Senior Bankers as required.
Job Requirements:
• Recent or upcoming completion of a postgraduate degree in finance or equivalent.
• At least 2 years of previous related experience.
• Excellent sales and marketing potential.
• Ability to build excellent customer/relationship management skills.
• Thorough knowledge of the fundamentals of financial, risk and structuring analysis.
• Superior verbal and written communication skills.
• Proficient computer and financial modeling skills.
• Ability to simultaneously manage numerous tasks and deadlines.
• Strong team player.
yup thats banking alright
Cool - thanks, the whole 'respect to credit policies' and other markets stuff on FX, derivatives etc. seemed odd, usually other banks' post don't bother with such descriptions...
GutShot, are you sure? This sounds a lot like commercial banking to me.
^ Yeah that's what I thought too when I read it... it's got elements to suggest it's IB, but a lot of 'soft items' were listed that I didn't think would be included at the Associate level.
And their website is no help. http://icg.Citi.com/icg/global_banking/invest_banking.jsp
Global Investment Banking
Our Global Investment Banking unit provides comprehensive financial advisory and capital raising services to top corporations, financial institutions and governments worldwide. Clients receive tailored financial solutions and strategic advisory services on a wide range of M&A transactions and capital-raising activities including mergers, acquisitions, divestitures, financial restructurings, underwriting and distributing equity, debt, and derivative securities.
Citi is the preeminent global investment banking firm as well as the foremost global underwriter in combined equity and debt issuance. We have cutting-edge capabilities in every part of the globe for virtually every financial services product that our clients need. Our bankers are organized into industry, product and regional groups and work closely with our partners in capital markets, sales and trading, research and global relationship banking to offer customized financing strategies for our clients.
This combined expertise allows us to offer the most innovative and comprehensive ideas and solutions in all market conditions by bankers that have in-depth industry knowledge, local market acumen, product creativity and execution expertise.
Global Corporate Bank
The Global Corporate Bank (GCB) is a leading provider of financial services to top-tier multi-national clients around the globe, serving the financial needs of the world's preeminent corporations and financial institutions.
Our relationship bankers have a comprehensive understanding of the wide range of complex financial issues facing our clients. Combined with an appreciation of the broad set of services offered by Citi, this understanding allows us to effectively deliver innovative solutions to our clients, wherever they are located.
Global Corporate Bank's relationship bankers partner with product specialists to provide a full array of corporate banking solutions, from cash management, foreign exchange, trade finance, custody, clearing and loans, to capital markets, derivatives, and structured products. They also partner with our investment bankers to deliver investment banking capabilities to our relationship clients.
The GCB is organized primarily along industry lines and serves clients in more than 100 countries. This organizational model draws upon a deep understanding of industry trends and market knowledge, based on a local presence dating back 100 years in many of these markets. It also enables us to provide a steady stream of innovative Cross Border and local financial solutions tailored to the specific needs of our clients.
Its corporate banking that is looped into the more strategic discussions with their relationship clients
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