MD Head of Alternatives ICM Underwriting

TN United Kingdom; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Senior ICM Counterparty Credit Portfolio Manager to lead a global team in managing credit risk for hedge funds and private equity clients. This pivotal role involves conducting thorough credit analysis, overseeing credit approvals, and ensuring compliance with risk management standards. The ideal candidate will possess extensive experience in financial services, particularly in alternative investments, and demonstrate strong leadership and negotiation skills. Join a dynamic team dedicated to excellence and innovation in credit risk management.

Qualifications

• 15+ years in financial services and risk management.
• Experience with hedge funds, private equity, and family offices.

Responsibilities

• Lead global teams in managing counterparty credit risk.
• Conduct credit due diligence and approvals for diverse clients.

Skills

Credit Risk Management

Derivatives Knowledge

Financial Analysis

People Management

Negotiation Skills

Education

Bachelor's Degree

Master's Degree

Job description

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MD Head of Alternatives ICM Underwriting, London

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Client:

11037 Citibank, N.A. United Kingdom

Location:

London, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

78b584f6bce7

Job Views:

12

Posted:

26.04.2025

Expiry Date:

10.06.2025

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Job Description:

Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization. ICM’s Counterparty Credit Risk’s objective is to provide integrated “end-to-end” credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise. Within ICM, the Underwriting function provides analysis, greenlight, underwriting, first-line-of-defense credit approval and subsequent credit monitoring across all ICG wholesale credit businesses including Banking, Capital Markets, and Advisory (BCMA), Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS).

The Senior ICM Counterparty Credit Portfolio Manager will lead the 1st LoD (line of defense) Alternative Asset Management underwriting effort of a diverse client base of Hedge Funds (HFs), Private Equity (PE) and Markets family office (IFO) clients engaged in full suite of trading and lending products. Primary activities include credit due diligence, credit reviews, credit approvals, and monitoring of the portfolio within the risk appetite of the overall business strategy. Candidate should have experience managing hedge funds, private equity and Institutional family office.

Key Responsibilities:

• Leading and managing a global HF, PE and IFO team
• Role demands excellence in analysis, underwriting, monitoring, and drives global consistency across regions
• Leading due diligence efforts and managing counterparty credit risk to a global portfolio of HFs, PE and highly institutionalized family office clients
• Provide oversight and challenge for the business covering full range of products
• Negotiation of credit structures and documentation, including ISDA’s, Derivatives Clearing, FCM. Prime Brokerage and Repo documents
• Review and approve client reviews, credit facilities, specific transactions, and exceptions within delegated credit authority
• Collaborating with 2LOD colleagues to develop credit underwriting standards and policies for extending credit to institutional family offices
• Setting a global culture which demands excellence in analysis, underwriting, monitoring, and drives global consistency across regions
• Strong knowledge of derivatives and structured lending
• Facilitate relationships with key clients and internal partnerships

Qualifications:

• 15+ years of experience in financial services and risk management required
• Significant risk/risk-related counterparty credit work experience in banking/financial institutions with expertise in hedge funds, private equity, family office and alternative investment counterparties
• Experience in people management

Client Relationships / Business Partnership:

• Navigates organizational complexity and breaks silos
• Creates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functions
• Proven track record of partnering with global peers in leveraging and implementation of best practices

Knowledge, skills and experience required:

• Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships
• Proficiency in flow and complex financing and product structures
• Ability to provide strategic insights and strong sensitivity to macro and regulatory issues, and impact of such issues on the various Risk families, including operational and franchise risks
• Proven ability to effectively engage with regulators and internal control functions including
• Internal Audit and Fundamental Credit Risk as well as with external audit
• Demonstrates strong ethics and integrity
• Strong leadership. Dynamic, flexible, and with strong communication skills
• Ability to see the ‘big picture’ in a complex environment
• Can make decisions under pressure and short timeline
• Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies
• Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies

Education:

• Bachelor's degree/University degree or equivalent experience
• Master's degree preferred

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Job Family Group:

Risk Management

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Job Family:

Credit & Portfolio Risk Management

Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization. ICM’s Counterparty Credit Risk’s objective is to provide integrated “end-to-end” credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise. Within ICM, the Underwriting function provides analysis, greenlight, underwriting, first-line-of-defense credit approval and subsequent credit monitoring across all ICG wholesale credit businesses including Banking, Capital Markets, and Advisory (BCMA), Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS).

The Senior ICM Counterparty Credit Portfolio Manager will lead the 1st LoD (line of defense) Alternative Asset Management underwriting effort of a diverse client base of Hedge Funds (HFs), Private Equity (PE) and Markets family office (IFO) clients engaged in full suite of trading and lending products. Primary activities include credit due diligence, credit reviews, credit approvals, and monitoring of the portfolio within the risk appetite of the overall business strategy. Candidate should have experience managing hedge funds, private equity and Institutional family office.

Key Responsibilities:

Leading and managing a global HF, PE and IFO team

Role demands excellence in analysis, underwriting, monitoring, and drives global consistency across regions

Leading due diligence efforts and managing counterparty credit risk to a global portfolio of HFs, PE and highly institutionalized family office clients

Provide oversight and challenge for the business covering full range of products

Negotiation of credit structures and documentation, including ISDA’s, Derivatives Clearing, FCM. Prime Brokerage and Repo documents

Review and approve client reviews, credit facilities, specific transactions, and exceptions within delegated credit authority

Collaborating with 2LOD colleagues to develop credit underwriting standards and policies for extending credit to institutional family offices

Setting a global culture which demands excellence in analysis, underwriting, monitoring, and drives global consistency across regions

Strong knowledge of derivatives and structured lending

Facilitate relationships with key clients and internal partnerships

Qualifications:

15+ years of experience in financial services and risk management required

Significant risk/risk-related counterparty credit work experience in banking/financial institutions with expertise in hedge funds, private equity, family office and alternative investment counterparties

Experience in people management

Client Relationships / Business Partnership:

Navigates organizational complexity and breaks silos

Creates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functions

Proven track record of partnering with global peers in leveraging and implementation of best practices

Knowledge, skills and experience required:

Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships

Proficiency in flow and complex financing and product structures

Ability to provide strategic insights and strong sensitivity to macro and regulatory issues, and impact of such issues on the various Risk families, including operational and franchise risks

Proven ability to effectively engage with regulators and internal control functions including

Internal Audit and Fundamental Credit Risk as well as with external audit

Demonstrates strong ethics and integrity

Strong leadership. Dynamic, flexible, and with strong communication skills

Ability to see the ‘big picture’ in a complex environment

Can make decisions under pressure and short timeline

Excellent verbal & written communication skills. Active listening skills.

Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies

Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies

Education:

Bachelor's degree/University degree or equivalent experience

Master's degree preferred

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Job Family Group:

Risk Management

------------------------------------------------------

Job Family:

Credit & Portfolio Risk Management

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Time Type:

Full time

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review.