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

Navy Exchange Service Command; New York (NY); On-site; USD 163,000 - 246,000; Full time

Job summary

A leading financial institution is looking for a Credit Risk Manager to join their global team in New York. This role involves managing counterparty credit risk across various financial products, requiring extensive experience in risk management and strong analytical skills. The ideal candidate will excel in underwriting and client relationships, ensuring compliance and efficiency. Competitive compensation and comprehensive benefits are offered, including health coverage and retirement plans.

Benefits

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Wellness programs

Paid time off packages

Qualifications

• 7+ years in Risk Management covering Hedge Funds, Private Equity and Institutional Family Offices.
• Dynamic and flexible with strong communication skills.
• Excellent verbal and written communication skills.

Responsibilities

• Evaluating transaction risk across complex products.
• Conducting and owning the Credit Approval Memo process.
• Negotiating credit structures and maintaining client relationships.

Skills

Risk Management

Communication Skills

Analysis

Negotiation

Education

Bachelor's degree

Master's degree preferred

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

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Job Family Group:
Risk Management
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Job Family:
Credit & Portfolio 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:
$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.
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Anticipated Posting Close Date:
Apr 10, 2024
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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.

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