Environmental and Engineering Risk Manager, Commercial Real Estate

Citi • New York, NY

1d • Remote

About The Position

Citi, a leading global financial services company, is seeking an experienced and highly motivated Environmental and Engineering Risk Manager to join its Commercial Real Estate group. This role will play a critical part in assessing and mitigating environmental and engineering risks associated with our commercial real estate portfolio, ensuring sound lending practices and compliance with regulatory requirements.

The Environmental and Engineering Risk Manager will be responsible for overseeing the identification, assessment, and management of environmental (e.g., contamination, regulatory compliance) and engineering (e.g., structural integrity, property condition) risks related to commercial real estate transactions and existing portfolio assets. This role involves conducting due diligence, reviewing third-party reports, providing expert advice to internal stakeholders, and ensuring adherence to Citi's risk policies and industry best practices. The successful candidate will have a strong background in environmental science, engineering, and commercial real estate finance.

Requirements

• Bachelor's degree in Environmental Science, Environmental Engineering, Civil Engineering, Geology, or a related field. Master's degree preferred.
• 7+ years of experience in environmental and/or engineering risk management within the commercial real estate or financial services industry.
• Demonstrated experience conducting and reviewing environmental site assessments (Phase I & II ESAs) and property condition assessments (PCAs).
• Strong understanding of federal, state, and local environmental regulations and their application to commercial real estate.
• Excellent analytical and problem-solving skills with the ability to interpret complex technical reports.
• Strong written and verbal communication skills, capable of explaining technical concepts to non-technical audiences.
• Ability to manage multiple projects simultaneously and work effectively under pressure.
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).

Nice To Haves

• Experience with portfolios, seismic risk assessment, structural assessment, or remedial /Phase II activities.
• Knowledge of green building standards and sustainable development practices.
• Prior experience in a large financial institution or national due diligence consulting firm.

Responsibilities

• Perform comprehensive environmental and engineering risk assessments for new commercial real estate loans, acquisitions, and portfolio assets.
• Review and analyze Phase I and Phase II Environmental Site Assessments (ESAs), Property Condition Assessments (PCAs), seismic reports, geotechnical reports, and other relevant third-party technical reports.
• Identify potential environmental liabilities (e.g., hazardous materials, mold, asbestos, lead-based paint, wetlands, regulatory non-compliance) and physical property risks.
• Prepare detailed reports summarizing findings, recommending risk mitigation strategies, and providing clear, concise actionable advice to credit officers, portfolio managers, and legal teams.
• Evaluate the financial impact of identified risks and propose appropriate reserves or covenants.
• Ensure all environmental and engineering risk management activities comply with internal Citi policies, industry standards, and relevant federal, state, and local environmental regulations (e.g., CERCLA, RCRA, Clean Water Act, Clean Air Act).
• Stay abreast of changes in environmental laws, regulations, and industry best practices.
• Collaborate closely with internal credit, legal, workout, and asset management teams to integrate environmental and engineering risk considerations into decision-making processes.
• Manage relationships with external environmental consultants and engineering firms, overseeing their scope of work and reviewing deliverables.
• Assist in ongoing monitoring of portfolio assets for emerging environmental or physical risks.
• Provide support for troubled assets, including environmental remediation oversight or property repair strategies.

Benefits

• In 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level