Senior Vice President - Private Markets / Private Equity/ Hedge Funds, 1st LOD Credit Officer N[...]

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

Job summary

An established industry player is seeking a Private Markets Credit Risk Manager to oversee counterparty credit risk for a diverse portfolio. This role involves leading risk management for private equity and credit transactions, ensuring compliance with regulatory standards while fostering strong client relationships. The ideal candidate will possess extensive experience in alternative investments, demonstrating excellence in risk analysis and decision-making under pressure. Join a dynamic team where your expertise will drive global consistency and best practices, contributing to the firm's success in managing complex financial products and relationships.

Benefits

Medical, Dental & Vision Coverage

401(k)

Life, Accident, and Disability Insurance

Wellness Programs

Paid Time Off Packages

Qualifications

• 10+ years in alternative investments, with 3+ years as a Counterparty Credit Officer.
• Strong understanding of capital markets and financing products.

Responsibilities

• Lead and manage risk for Private Equity/Credit funds across Markets.
• Negotiate counterparty credit terms and propose credit limits.

Skills

Counterparty Credit Risk Management

Risk Analysis

Client Relationship Management

Negotiation Skills

Communication Skills

Presentation Skills

Education

Bachelor's Degree

MBA

Professional Certification (CFA, CAIA, FRM)

Job description

Institutional Credit Management (ICM) is a critical component of Citi’s First Line of defense for wholesale and counterparty credit risk (CCR) management. ICM works with Independent Risk teams to ensure best-in-class risk and controls, and 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 Markets as well as Banking, Capital Markets and Advisory (BCMA) to ensure full alignment on business and regulatory goals, as well as consistency and best practices.

Within ICM Counterparty Credit Risk (CCR), ICM Alternatives Underwriting is a global team responsible for measuring, monitoring, and controlling counterparty risk for Hedge Funds, Private Markets (Private Equity and Private Credit), and Institutional Family Offices.

The Private Markets Credit Risk Manager will be a senior counterparty credit risk underwriter responsible for a portfolio of private equity and private credit clients with activity at Citi spanning various products including subscription call facilities, NAV loans, FX, bilateral and cleared Derivatives, Repo, Prime Brokerage, and structured lending. Candidate with management of other alternative asset managers like Hedge Funds will also be accepted.

Key Responsibilities:

• Leading and managing Private Equity/Credit/BDCs funds and transactions risk across Markets and Investment Bank. Provide oversight and challenge for the business covering full range of products.
• Role demands excellence in analysis, underwriting, monitoring, and drives global consistency across regions.
• Experience underwriting and supporting a portfolio of subscription facilities, NAV Financing and Private Equity LP Share financing.
• Knowledge of Derivatives and structured lending.
• Facilitate relationships with key clients in Banking and Global Markets.
• Negotiate counterparty credit terms in lending and trading agreements.
• Propose credit limits, obligor ratings, and facility ratings in initial and annual reviews.

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.

QUALIFICATIONS:

• 10+ years of relevant industry experience (buy-side or sell-side) working with Alternative Investments; minimum 3 years' experience as a Counterparty Credit Officer at a major bank.
• Ability to understand capital markets products and financing products.
• Risk/risk-related counterparty credit work experience in banking/financial institutions with expertise in the alternative investment counterparties.
• Dynamic, flexible, and with strong communication skills.
• Demonstrated ability to make sound risk decisions under pressure and within tight timelines.
• Excellent verbal & written communication skills. Active listening skills.
• Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies.
• Bachelor's Degree required/MBA (not required, but preferred).
• Professional Certification: CFA, CAIA or FRM (not required, but preferred).

Job Family Group: Risk Management

Job Family: Portfolio Credit 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.

Anticipated Posting Close Date: Apr 24, 2025

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.