ICM Alternative Asset Credit Risk Manager - (Hedge Fund, Private Equity & IFO) -

$163,600 - $245,400/Yr

Hitec - New York, NY

Full-time - Mid Level

New York, NY

Merchant Wholesalers, Durable Goods

About the position

Citi is enhancing its business control and governance framework by establishing the Institutional Credit Management (ICM) function, which is part of the 1st Line of Defense. This new function is designed to manage credit risk activities across the Institutional Client Group organization. The primary objective of the Counterparty Credit Risks (CCR) team is to provide integrated credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise. The CCR Underwriting function is responsible for analyzing, approving, and monitoring credit across various wholesale credit businesses, including Banking, Capital Markets, Advisory, Global Structured Products, and Treasury & Trade Services. The Credit Risk Manager will play a crucial role within the global CCR underwriting function, which encompasses a range of products such as subscription call facilities, Fund Financing, FX, Derivatives, Prime Brokerage, and structured lending. The ideal candidate will have substantial experience managing alternative investment managers, including Hedge Funds, Private Equity, and Institutional Family Offices. This position requires a deep understanding of capital markets products and complex financing structures, as well as the ability to evaluate transaction risks across a diverse array of complex products. The role demands excellence in analysis, underwriting, and monitoring, with a focus on driving global consistency across regions. The Credit Risk Manager will take ownership of the Credit Approval Memo process, generate risk ratings, and perform quality control of the CAM/Risk Rating Scorecard. Additionally, the role involves negotiating credit structures and documentation, including ISDAs, Derivatives Clearing, Prime Brokerage, and Repo documents. Strong knowledge of derivatives and structured lending is essential, as is the ability to facilitate relationships with key clients in Banking and Risk.

Responsibilities

• Evaluating transaction risk across the business covering a full range of complex products.
• Conducting and taking ownership of the Credit Approval Memo process (CAM), generating risk ratings, and performing quality control of the CAM/Risk Rating Scorecard.
• Negotiating credit structures and documentation, including ISDAs, Derivatives Clearing, Prime Brokerage, and Repo documents.
• Facilitating relationships with key clients in Banking and Risk.
• Providing well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships.
• Partnering with global peers to leverage and implement best practices.

Requirements

• 7+ years in Risk Management covering Hedge Funds, Private Equity, and Institutional Family Offices.
• Underwriting experience covering Hedge Funds, Private Equity, and Institutional Family Offices.
• Bachelor's degree or equivalent experience; Master's degree preferred.
• Significant risk/risk-related counterparty credit work experience in banking/financial institutions with expertise in alternative investment counterparties.
• Ability to understand capital markets products and complex financing and product structures.
• Demonstrates strong ethics and integrity.
• Dynamic, flexible, and possesses strong communication skills.
• Ability to make decisions under pressure and within short timelines.
• Excellent verbal and written communication skills, including active listening skills.
• Excellent presentation skills, adept at presenting effectively to various audiences.

Benefits

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