Counterparty Credit Risk, Funds Underwriting (Vice President, NY)

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 to ensure full alignment on business and regulatory goals, as well as consistency and best practices. Within ICM Counterparty Credit Risk (CCR), ICM Funds Underwriting is a global team responsible for measuring, monitoring and controlling counterparty risk for Funds, covering Asset Management Companies, Investment Advisors as Agent, and Pension Funds. We are seeking an experienced professional to underwrite CCR risk for some of our largest Real Money Funds clients as a Credit Officer. This is a First Line of Defense risk management role, with plenty of opportunities to work with front office and independent risk partners as well as to interact with clients. This position is located in Getzville, NY. Key Responsibilities Maintain and manage credit exposures to Real Money Funds clients including asset managers, investment advisor as agents, and pension funds, arisen from derivatives, financing and direct lending products Approve credit reviews as a first line of defense underwriter (Credit Officer CO designation) including assessment of portfolio risk, liquidity of client positions, credit limits and risk appetite ratios Review and approve new Funds clients at on-boarding to establish appropriate risk parameters and credit limits Advise and approve large transactions or deals that require individual risk assessment Analyze and monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity risk Work with Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis Partner with businesses and quantitative teams on risk measurement enhancements, margin model development, new product approvals and real-time monitoring and controls Perform daily and weekly risk analysis and reporting on existing client portfolios as well as customized risk analysis on new client portfolios Communicate key findings to senior management and contribute to in-business risk forums as appropriate. Put together presentations and documents for internal and external use on various topics including describing the functions of the Risk Group, stress methodologies, and summarizing risk issues. Conduct periodic review of the control environment, vetting of new systems, processes, policies and procedures associated and related to market and/or credit risk and ensuring they are in sync with market practices Utilize risk management tools for the measurement, monitoring and management of exposure and participate in project management of strategic risk infrastructure development. Education Bachelor’s/Master's degree in mathematics, science, finance/economics, risk management or a related field required An MBA, CPA, or CFA preferred and formal Credit Training is a plus Knowledge/Experience A minimum of 5 - 7 years credit risk experience at a major financial institution Experience with managing credit risk with training in finance, mathematics, risk management or quantitative fields #J-18808-Ljbffr