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
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. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire. ------------------------------------------------------
Anticipated Posting Close Date: Apr 10, 2024 ------------------------------------------------------
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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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