Credit Risk, Hedge Funds – Alternatives (Vice President)

Citi • New York, NY

1d

About The Position

Institutional Credit Management (ICM) works closely with our front line businesses to serve as a critical component of our First Line of defense for wholesale and counterparty credit risk management and also with our Independent Risk partners to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities include portfolio analysis, documentation, risk identification, management, monitoring, administration, and stress testing. The Credit Risk Officer will be part of the global underwriting function primarily focused on Alternatives (Hedge Funds & Private Markets-focused funds), transacting in various products including Equity / FX / Fixed Income Prime Brokerage, Futures and Clearing, Repo, and bilateral OTC derivatives. Role demands excellence in analysis, underwriting, monitoring, and adherence to policies, procedures, and standards of Wholesale Credit Risk and Institutional Credit Management. Involvement in underwriting and supporting a portfolio of complex products Strong knowledge of Prime Brokerage, Repo, Derivatives and structured lending Facilitate relationships with key clients, internal stakeholders and 2LoD Risk. Client Relationships / Business Partnership: As the First Line of Defense Counterparty Credit Officer covering a portfolio of 25 to 30 manager relationships, the candidate is expected to keep in regular contact with his or her client portfolio in order to effectively lead on-site due diligence meetings, Zoom meetings, phone calls in order to build a positive rapport with client contacts (ex: COO, CFO, CCO) to enhance the Citi client experience and become a go-to contact for our clients. Understands nuances of local markets, local regulation, capabilities and practices of Citi’s competitors Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships, and escalates issues or concerns in a timely manner.

Requirements

• Ability to understand capital markets products and complex financing and product structure, and Risk/risk-related counterparty credit work experience in banking/financial institutions with expertise in the alternative investment counterparties
• Demonstrates strong ethics and integrity
• Can effectively take direction and make decisions and/or appropriately escalate counterparty credit concerns under pressure and in a short timeframe.
• Excellent verbal & written communication skills. Active listening skills.
• Excellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies.
• Financial Services experience including 5+ years of counterparty credit risk experience.
• Underwriting experience spanning various products (e.g. subscription call facilities, Fund Financing, FX, Derivatives, Prime Brokerage, and structured lending).
• Candidate should also have experience with other alternative client-types including hedge funds and proprietary trading firms.
• Degree in Finance, Accounting, Economics or related field

Nice To Haves

• A higher degree or professional designation is preferred but not required (ex: MBA, CPA, FRM, CFA)

Responsibilities

• Evaluating transactions risk across the business covering full range of products
• Primary 1st Line Credit Risk coverage of a portfolio of Alternatives clients tasked with conducting initial, ongoing, and annual credit due diligence on a portfolio of 25 to 30 alternative asset managers.
• The candidate should have experience writing and is expected to author initial credit reviews, annual credit reviews, and reviews for material transactions.
• Lead legal negotiations from a credit risk perspective and seek appropriate escalated approvals required.
• As the First Line of Defense Counterparty Credit Officer covering a portfolio of 25 to 30 manager relationships, the candidate is expected to keep in regular contact with his or her client portfolio in order to effectively lead on-site due diligence meetings, Zoom meetings, phone calls in order to build a positive rapport with client contacts (ex: COO, CFO, CCO) to enhance the Citi client experience and become a go-to contact for our clients.
• Understands nuances of local markets, local regulation, capabilities and practices of Citi’s competitors
• Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships, and escalates issues or concerns in a timely manner.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level