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Job description
About Citigroup, Inc.
Citigroup, Inc. is one of the world’s leading global financial institutions, serving millions of customers across more than 160 countries. With approximately 219,000 employees worldwide, Citi operates through various divisions including institutional clients and wealth management, providing a comprehensive range of financial products and services including commercial and investment banking, financial advisory, securities brokerage, and wealth management. Citi has established itself as a major player in the financial services industry with a commitment to innovation and corporate responsibility. The organization maintains a strong focus on emerging markets and serves as a key player in global capital markets. Citigroup operates through multiple business segments including Institutional Clients Group, Personal Banking and Wealth Management, and Legacy Franchises, delivering tailored solutions to corporations, governments, and individual clients worldwide. Beyond traditional banking services, Citi has demonstrated a significant commitment to community development and impact investing. The organization recognizes the importance of using financial resources and market-based solutions to address societal challenges and create opportunities for economically vulnerable communities. This commitment is reflected in various initiatives and partnerships aimed at advancing financial inclusion, sustainable development, and community empowerment globally.
About this Role
Citi is seeking a Vice President to join the Citi Impact Fund investment team, which manages a $500 million fund dedicated to venture capital investing and market-based solutions. The Citi Impact Fund was launched in 2020 with the mission to advance opportunity for economically vulnerable communities through direct equity investments in innovative, technology-driven startups addressing society’s most pressing challenges. This position represents an opportunity to make a meaningful impact while leveraging your investment expertise within a global financial institution. The Vice President will be based in Charlotte, North Carolina, with frequent travel to New York. This role requires collaboration with the investment team on multiple aspects of fund management, including investment execution, due diligence, portfolio management, sourcing strategy, and partnership activities within the impact investing and startup ecosystem. The successful candidate will work closely with subject matter experts across Citi to drive collaboration, identify synergies, and create opportunities that advance the success of portfolio companies and the broader impact investing field. The Citi Impact Fund operates across four key investment verticals: climate resilience, financial resilience, social infrastructure, and future of work. Climate resilience focuses on solutions for climate transition, mitigation, and adaptation to protect natural and built environments from harmful climate change effects, which disproportionately impact underserved communities. Financial resilience investments provide underserved communities with opportunities to create, manage, and build financial wellness. Social infrastructure investments expand access to essential services including housing, healthcare, and transportation for underserved communities. Future of work investments provide access to stable, quality jobs and modern, relevant education and training for workers and students while reimagining work-life balance.
Responsibilities
Lead due diligence and investment thesis building on prospective investment opportunities
Prepare investment memorandums and build financial models for investment evaluation
Conduct market research and present findings to the internal investment committee
Manage investment approval processes and coordinate with internal stakeholders
Work cross-functionally within the firm on both new investment and follow-on investment processes
Maintain close relationships and build trust with internal business partners
Support sourcing, market landscaping, and thesis building activities within the Fund’s focus areas
Develop strong relationships with key venture capital, impact investing, and startup ecosystem players
Represent the Fund at industry events
Manage a portfolio of investments and monitor company performance
Track financial and impact results across portfolio companies
Prepare internal quarterly portfolio reviews and other analyses
Support follow-on investment opportunities, including diligence, approvals, execution, and structuring
Support portfolio companies by attending founder meetings and enabling partnerships across Citi
Lead internal partner engagement on governance and operational items throughout the investment lifecycle
Manage portfolio analysis and data projects for Citi risk and control functions
Support firm-wide reporting needs related to portfolio performance and impact
Requirements
Bachelor’s degree required, preferably in a technical or analytical discipline such as finance or economics
Commitment to the Citi Impact Fund’s focus on driving economic opportunity and innovating in impact investing
Minimum 2+ years of experience in private equity or venture capital investing
Total of 4-5+ years of relevant experience in investment banking, strategy consulting, corporate finance, or direct business/startup operating experience in one of the fund’s investment verticals
Strong preference for direct investing experience in at least one of Citi Impact Fund’s key verticals
Specific experience or interest in impact investing strongly preferred
Strong finance and investment acumen including ability to develop and manage complex financial models
Proficiency with data analysis and Excel
Ability to work with large data sets
Capability to conduct rigorous primary market and industry diligence
Ability to prepare valuation analysis and synthesize findings in written investment materials
Strong communication and relationship management skills
Entrepreneurial spirit to take ownership of internal projects such as process improvements and driving AI efficiency
Attention to detail and desire to deliver high-quality work products that drive key decisions
Confident interpersonal skills and comfort contributing to discussions at senior levels
Natural curiosity for learning new things and proactively sharing information with others
Strong sense of urgency in driving projects to completion
Ability to prioritize assignments and work in a fast-paced environment
Benefits
Discretionary and formulaic incentive and retention awards (for eligible employees)
Medical, dental, and vision coverage
401(k) retirement plan
Life insurance
Accident insurance
Disability insurance
Wellness programs
Paid time off packages including planned vacation time
Paid sick leave
Paid holidays
Additional benefits vary by jurisdiction, job level, and date of hire
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Worksite address
charlotte, NC, 28245, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.