Counterparty Credit Risk - Private Equity (Senior Vice President)

Job ID: 98836126976Posted: 2026-08-06Location: New York, New York, United StatesSalary: $163,600.00 - $245,400.00Category: Risk Management, ProfessionalCompany: CitiJob DescriptionInstitutional Credit Management (ICM) is a core First Line of Defense function responsible for wholesale and counterparty credit risk management across Citi’s Markets and institutional businesses. ICM partners closely with Front Office and Independent Risk to deliver disciplined underwriting, robust portfolio oversight, and consistent global risk standards while supporting sustainable client growth.We are seeking a Senior Vice President, Private Equity Credit Portfolio Manager to join the global underwriting team focused on Alternative Asset Managers, including Hedge Funds, Private Equity firms, and related investment structures (e.g., BDCs). The role spans a broad range of products including Prime Brokerage, Futures & Clearing, OTC derivatives, repo, and structured financing.This is a senior, judgment‑driven SVP role with material portfolio responsibility, global exposure, and frequent engagement with senior Markets, Risk, and client stakeholders, based in New York, Citi’s global hub for Alternatives and counterparty credit risk.Role OverviewThe Private Equity Credit Portfolio Manager (SVP) is responsible for underwriting, monitoring, and managing counterparty credit exposure across a complex Alternatives portfolio. The role requires deep technical expertise in hedge fund business models, capital markets products, and risk mitigation techniques, alongside the ability to make sound decisions in dynamic market environmentsKey ResponsibilitiesCredit Underwriting & Risk JudgmentAssess transaction‑level and portfolio‑level risk across a wide range of hedge fund strategies and financing structuresLead or review underwriting for complex exposures, ensuring alignment with risk appetite and policyApply rigorous risk analysis across Prime Brokerage, repo, derivatives, fund financing, and structured lending​Portfolio Management & MonitoringOwn ongoing monitoring of a hedge fund and alternatives counterparty portfolioIdentify emerging risks, liquidity pressures, and concentration issues; escalate proactivelyEvaluate stress scenarios, market dislocations, and idiosyncratic counterparty eventsStakeholder & Client PartnershipAct as a senior risk partner to Front Office, product teams, and Independent Risk (2LoD)Participate in key client discussions related to risk framework, limits, and exposureProvide balanced, well‑reasoned views on risk/return trade‑offs to support business objectivesGovernance & Best PracticesContribute to global underwriting consistency and portfolio governance standardsSupport senior risk committees, portfolio reviews, and regulatory interactionsApply a strong controls mindset and ensure adherence to internal policies and regulatory expectationsExperience & Qualifications8+ years of experience in counterparty credit, credit risk management, structuring, or underwriting within a major financial institutionDeep expertise covering Private Equity and alternative investment counterpartiesStrong understanding of capital markets products, including Prime Brokerage, derivatives, repo, and structured financingProven ability to exercise independent credit judgment under time pressureBachelor’s degree in Finance, Accounting, Economics, or a related field (or equivalent experience)Experience covering Private Equity, BDCs, or other alternative investment vehiclesExposure to subscription finance or fund‑level lending structuresAdvanced degree (MBA) or professional certification (CFA, CPA) a plus, but not requiredFormal credit training advantageous------------------------------------------------------Job Family Group: Risk Management------------------------------------------------------Job Family:Credit Risk------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:New York New York United States------------------------------------------------------Primary Location Full Time Salary Range:$163,600.00 - $245,400.00In 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.------------------------------------------------------Most Relevant Skills Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.------------------------------------------------------Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------Anticipated Posting Close Date:Aug 12, 2026------------------------------------------------------Automated Processing and AIWe use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.Illinois residents – AI Notice and Right------------------------------------------------------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.View Citi’s EEO Policy Statement and the Know Your Rights poster.