Credit Portfolio Sr Risk Mgr, SVP

$115,840 - $173,760/Yr

Citigroup - Getzville, NY

Full-time - Senior

Getzville, NY

Credit Intermediation and Related Activities

About the position

As a Senior Vice President (SVP) on the Second Line of Defense (2LOD) within the Hedge Fund Credit Team at Citi, you will play a critical role in managing the credit risk associated with the firm's hedge fund relationships. This position involves providing comprehensive review and challenge to the First Line of Defense (1LOD) Institutional Credit Management (ICM) team, ensuring that all credit activities align with the firm's risk appetite, policies, and procedures. You will be responsible for the final approval of credit reviews, credit facilities, and specific transactions, leveraging your expertise to navigate complex credit scenarios and exceptions within your delegated authority. Your role will require you to advance and innovate risk management tactics, streamlining processes and updating firm-wide policies to reflect current market conditions. You will also be tasked with reviewing and challenging credit-related terms in various capital markets documentation, such as ISDA, MRA, and MSFTA, ensuring that the terms are favorable and aligned with the firm's risk management strategies. Collaboration is key in this position; you will partner with specific trading desks, providing education on the associated risks and fostering a culture of risk awareness across the organization. In addition to your technical responsibilities, you will provide leadership and guidance to junior staff, helping to develop their skills and understanding of credit risk management. This role is pivotal in maintaining the integrity of Citi's credit risk framework and ensuring that the firm remains resilient in the face of market challenges.

Responsibilities

• Providing review, challenge and final approval of initial and annual credit reviews conducted by ICM on a portfolio of hedge funds.
• Approving credit facilities, specific transactions, and exceptions within delegated credit authority from a 2LOD perspective.
• Approving trade exceptions while communicating with the sales team when necessary.
• Advancing and innovating risk management tactics.
• Streamlining processes and changing firm-wide policies and procedures to be more reflective of current market conditions.
• Reviewing and challenging credit-related terms in ISDA, MRA, MSFTA and other capital markets documentation proposed by the 1LOD.
• Partnering with a specific trading desk within the firm and educating the team on the risks associated with their given desk(s).
• Interacting with ICM team, Hedge Fund clients, trading desks, operations and legal.
• Providing leadership and guidance to junior staff.

Requirements

• 5 years of previous work experience in a related field.
• Knowledge across Capital Markets trading and lending products, particularly in derivatives, structured and other complex products traded by hedge funds.
• Strong risk management skills and familiarity with current risk reporting platforms for risk monitoring and stress testing purposes.
• Advanced working knowledge of Microsoft Excel, PowerPoint, Word, and Access.
• Highly effective communication skills, used to partner with other groups and present findings and suggestions to management.
• Motivated and confident to drive change.
• Attention to detail; unaffected by high pressure situations.
• Quantitative and intuitive skills in the risks inherent in capital markets products, transactions, and positions.
• Formal credit training with experience in a global institution.
• Real sense for how to build/support business growth.
• Bachelor's degree required; additional degrees/designations which may include MBA, or MS desirable.

Benefits

• Medical, dental & vision coverage
• 401(k)
• Life, accident, and disability insurance
• Wellness programs
• Paid time off packages including planned time off (vacation), unplanned time off (sick leave), and paid holidays