In 1976 he was named Senior Vice President in charge of banking operations for Citi for the entire Caribbean and Northern South American regions.

In 1977 Rhodes was named Senior Vice President of Latin America and the Caribbean based in the New York Office, and then became Senior Corporate Officer and a member of the banks policy committee for Latin America and Africa in 1980.

In 1984 Rhodes was named Chairman of Citibank Restructuring Committee where he began to gain a reputation for international financial diplomacy as a result of his leadership in helping manage the external-debt crises that involved developing nations and their creditors worldwide.

During that period he headed the advisory committees of international banks that negotiated debt-restructuring agreements for Argentina, Brazil, Iraq, Jamaica, Mexico, Nicaragua, Peru, and Uruguay.

In 1991 Rhodes was appointed Vice Chairman and Senior Risk Officer for Citicorp and Citibank, and held that position until the end of 2000.

In March 2003, he became chairman and later added responsibility and title of president of Citicorp, and Citibank, N.A., positions that he held until 2009.

In October 2010, he announced his retirement from the IIF board and was elected as its First Vice Chairman Emeritus, a position that he currently holds.

[7] Bionic Site Rhodes is an Officer and Chevalier of France's Legion of Honor; and has received decorations from Poland, Korea, Brazil, Mexico, Argentina, Venezuela, Colombia, Panama and Jamaica; and multiple awards from not-for-profit organizations such as the Africa-America Institute, the Arab Bankers Association of North America and the America-Israel Friendship League in recognition of his contributions to international banking and finance.

In 2011, McGraw-Hill published his book Banker to the World: Leadership Lessons From the Front Lines of Global Finance.

The book has been translated and published in a number of languages including Mandarin, Korean, Japanese, Portuguese, and most recently two additions in Spanish.

In addition, Rhodes has written numerous op-ed articles for many of the top-tier financial publications, including Financial Times, Wall Street Journal, Reuters, Bloomberg and New York Times, and often appears on business television programs, including CNBC, Bloomberg, CNN, Fox, Sky, BBC and CCTV (China).