ICM Alternatives Credit Risk Manager - (Private Equity & IFO), Senior Vice President

Citi; New York (NY); On-site; USD 163,000 - 246,000; Full time

Job summary

Join a dynamic team at a forward-thinking financial institution as a Credit Risk Manager. In this pivotal role, you will leverage your extensive experience in risk management to evaluate and underwrite transactions across a spectrum of complex financial products, including derivatives and structured lending. You will be responsible for fostering strong relationships with key clients while ensuring compliance with local regulations. Your expertise will drive global consistency in credit risk assessment, making a tangible impact on the organization's success. If you are a proactive decision-maker with excellent communication skills, this is an exciting opportunity to advance your career in a collaborative environment.

Benefits

Medical, dental & vision coverage

401(k) plan

Life, accident, and disability insurance

Wellness programs

Paid time off (vacation)

Sick leave

Paid holidays

Qualifications

• 7+ years in Risk Management covering Hedge Funds and Private Equity.
• Strong understanding of capital markets and complex financing structures.

Responsibilities

• Evaluate transaction risks across complex products.
• Negotiate credit structures and documentation with clients.
• Conduct Credit Approval Memo process and quality control.

Skills

Credit Risk Analysis

Underwriting

Derivatives Knowledge

Client Relationship Management

Communication Skills

Decision Making

Education

Bachelor's degree

Master's degree

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 CCR 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 Credit Risk Manager will be part of the global CCR underwriting function, spanning various products including subscription call facilities, Fund Financing, FX, Derivatives, Prime Brokerage, and structured lending. Candidate should have experience managing alternative managers like Hedge Funds, Private Equity and Institutional Family Offices.

Key Responsibilities:

• Evaluating transactions risk across the business covering full range of complex products
• Role demands excellence in analysis, underwriting, monitoring, and drives global consistency across regions
• Conduct and take ownership of the Credit Approval Memo process (CAM), generate risk rating and update on an as need basis, perform quality control of the CAM / Risk Rating Scorecard
• Negotiation of credit structures and documentation, including ISDA's, Derivatives Clearing, Prime Brokerage and Repo documents
• Strong knowledge of Derivatives and structured lending
• Facilitate relationships with key clients in Banking and Risk

Client Relationships / Business Partnership:

• Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices of competitors
• Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships
• Proven track record of partnering with global peers in leveraging and implementation of best practices

Knowledge, skills and experience required:

• Ability to understand capital markets products and complex financing and product structures
• Significant risk/risk-related counterparty credit work experience in banking/financial institutions with expertise in the alternative investment counterparties
• Demonstrates strong ethics and integrity
• Dynamic, flexible, and with strong communication skills
• Can make decisions under pressure and short timeline
• Excellent verbal & written communication skills. Active listening skills.
• Excellent presentation skills - adept at presenting effectively to audiences of various sizes and various constituencies.

Qualifications:

• 7+ years in Risk Management covering Hedge Funds, Private Equity and Institutional Family Offices
• Bachelor's degree/University degree or equivalent experience
• Master's degree preferred

Job Family Group:
Risk Management
Job Family:
Credit & Portfolio Risk Management
Time Type:
Full time
Primary Location:
New York New York United States
Primary Location Full Time Salary Range:
$163,600.00 - $245,400.00

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.
Anticipated Posting Close Date:
Apr 10, 2024

Citi is an equal opportunity and affirmative action employer. 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 Accessibility at Citi.