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. The ICM Counterparty Credit Risk (CCR) Funds Underwriting team is responsible for measuring, monitoring and controlling counterparty risk for Funds, covering Asset Management Companies, Investment Advisors as agents, 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 opportunities to work with front office and independent risk partners and to interact directly with clients. Key Responsibilities Maintain and manage credit exposures to Real Money Funds clients including asset managers, investment advisors as agents, and pension funds arising 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 the 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. Prepare 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 new systems, processes, policies and procedures associated with market and/or credit risk and ensure 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). Advanced degrees such as an MBA, CPA, or CFA preferred, as well as formal Credit Training is a plus. Knowledge & Experience Minimum of 5 to 7 years credit risk experience at a major financial institution. Experience managing credit risk with training in finance, mathematics, risk management or quantitative fields. Relevant credit experience covering Real Money Funds, Asset Managers, Hedge Funds, or financial institutions with markets products knowledge. Knowledge of funds’ market products and risk metrics. Credit Officer (CO) designation or demonstration of skills aligned with that designation. Competencies Experience and familiarity with Real Money Funds, Asset Managers, Pension Funds – industry products and relevant CCR risk measures. Strong analytical and problem‑solving skills. Sound risk and business judgment. Excellent written and oral communication skills. Ability to work well with cross‑functional teams from Business, Credit, Operations and Compliance. Ability to work independently as well as in a team environment. Skills Credit review and analysis techniques, and ability to proactively identify and remediate risk issues. Strong understanding of portfolio risk and its impacts on counterparty credit risk across multiple asset classes including rates, equities, foreign exchange, credit and commodities. Stress testing techniques and instrument modeling skills desirable. Ability to think from first principles and challenge assumptions. Strong analytical skills with attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modeling and data assimilation. Strong Excel skills, ideally incorporating VBA; programming skills in Python are a plus. Development Values Risk management role in the First Line of Defense with opportunity to work closely with front office and independent risk partners and clients. Opportunity to learn about risk management and financing products broadly as the mandate covers a wide variety of Markets and Banking products. Influence the strategic direction of the Bank from a risk management perspective. Build solid market/credit risk experience by using cutting‑edge risk models and techniques. Location: Getzville, NY. Time Type: Full time. Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity, review Accessibility at Citi. 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