Counterparty Credit Risk Underwriting - Agency Securities Lending - VP

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

Job summary

A leading financial institution seeks a Counterparty Credit Risk Underwriter to join their team based in New York. This role, pivotal in managing wholesale and counterparty credit risk, involves interactions with various stakeholders and requires strong analytic and organizational skills. Ideal candidates will have significant experience in credit risk management and formal qualifications in related fields.

Benefits

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Paid time off packages

Qualifications

• 6-10 years of experience in credit risk or equivalent training.
• Proven ability to apply credit principles toward business goals.
• Experience synthesizing and prioritizing tasks.

Responsibilities

• Prepare credit reviews of new principal Lenders for approval.
• Investigate and assist with remediation of limit excesses.
• Negotiate credit terms of legal documentation.

Skills

Credit risk management

Analytic skills

Interpersonal skills

Organizational skills

Excel skills

Education

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

MBA, CPA, or CFA preferred

Job description

Counterparty Credit Risk Underwriting - Agency Securities Lending - VP

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Job Purpose

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

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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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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 Accessibility at Citi.

View Citi’s EEO Policy Statement and the Know Your Rights poster.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking, Financial Services, and Investment Banking

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