Counterparty Credit Risk Underwriting - Agency Securities Lending - VP

Citibank; New York (NY); On-site; USD 129,000 - 195,000; Full time

Job summary

A leading financial services company is seeking a Credit Underwriter to join their Counterparty Credit Risk team. This key role involves validating credit risk, collaborating with stakeholders, and utilizing advanced analytical tools to support risk management efforts. Candidates should possess significant experience in credit risk, strong analytical capabilities, and a relevant degree.

Benefits

Medical, dental & vision coverage

401(k) plan

Life, accident, and disability insurance

Paid time off packages

Qualifications

• 6-10 years of experience in credit risk or equivalent training preferred.
• Ability to apply credit principles toward business goals.
• Strong analytical and organizational skills necessary.

Responsibilities

• Prepare credit reviews and investigate limit excesses.
• Negotiate credit terms and provide portfolio analysis.
• Develop risk management tools for exposure management.

Skills

Credit Risk Management

Analytic Skills

Organizational Skills

Interpersonal Skills

Programming in Python

VBA

Education

Bachelor’s/Master's degree in mathematics, science, finance/economics, risk management or a related field

MBA, CPA, or CFA preferred

Tools

Excel

Job description

Job Purpose

The Credit Underwriter will be part of the Counterparty Credit Risk team (CCR), within the global Institutional Credit Management group (ICM).

Job Background/Context

ICM/CCR is a critical component of Citi’s First Line of defense for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and stress testing. ICM coordinates with credit management groups across banking and markets businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices where appropriate. Agency Lending is a critical activity of Citi’ Securities business, supporting the daily liquidity and inventory needs (hedging and funding equities and fixed income requirements across the firm). The role involves daily interaction with Agent Lenders, Citi’s securities businesses as well as the independent risk organization.

Responsibilities:

• Prepare the credit review of new principal Lenders for approval by ICM and Risk Credit Officers/Senior Credit Officers
• Investigate and assist with the remediation of limit excesses to support business needs
• Provide inputs for annual review memos
• Negotiate credit terms of legal documentation and escalate nonstandard terms to ICM and Risk Senior Credit Officers for approvals
• Put together monthly presentations of the portfolio including analysis of exposures, trends, and exceptions approvals
• Work with Risk colleagues and business stakeholders on risk mitigation and exceptions at both inception of transactions and on an ongoing basis
• Develop and utilize risk management tools for the measurement, monitoring and management of exposure and participate in project management of strategic risk infrastructure development

Qualifications:

• 6-10 years of experience in credit risk/counterparty credit risk management or equivalent training and experience preferably in the financial services industry
• Proven ability to apply credit and risk principles toward business goals
• Demonstrated ability to synthesize and prioritize
• Proven ability to remain organized in a fast-paced environment
• Demonstrated interpersonal, organizational, and analytic skills
• Strong Excel skills ideally incorporating VBA (Visual Basic for Applications), programming skills in Python, R or other statistical languages is a plus

Education:

• Bachelor’s/Master's degree in mathematics, science, finance/economics, risk management or a related field required
• An MBA, CPA, or CFA preferred, and formal Credit Training is a plus

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Job Family Group:

Risk Management

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Job Family:

Portfolio Credit Risk Management

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$129,840.00 - $194,760.00

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.

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Anticipated Posting Close Date:

Jun 10, 2025

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