ICM Counterparty Credit Risk - Alternative Assets Senior Credit Manager, Director - Hybrid
Company: Citigroup
Location: New York
Posted on: May 8, 2024
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Job Description:
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 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 Senior ICM Counterparty Credit
Portfolio Manager will lead the 1st LoD (line of defense)
Alternative Asset Management underwriting effort of a diverse
client base of Hedge Funds (HFs), Private Equity (PE) and Markets
family office (IFO) clients engaged in full suite of trading and
lending products. Primary activities include credit due diligence,
credit reviews, credit approvals, and monitoring of the portfolio
within the risk appetite of the overall business strategy.
Candidate should have experience managing hedge funds, private
equity and Institutional family office. -Key
Responsibilities:Leading and managing a global HF, PE and IFO
teamRole demands excellence in analysis, underwriting, monitoring,
and drives global consistency across regionsLeading due diligence
efforts and managing counterparty credit risk to a global portfolio
of HFs, PE and highly institutionalized family office
clientsProvide oversight and challenge for the business covering
full range of productsNegotiation of credit structures and
documentation, including ISDA's, Derivatives Clearing, FCM. Prime
Brokerage and Repo documentsReview and approve client reviews,
credit facilities, specific transactions, and exceptions within
delegated credit authorityCollaborating with 2LOD colleagues to
develop credit underwriting standards and policies for extending
credit to institutional family officesSetting a global culture
which demands excellence in analysis, underwriting, monitoring, and
drives global consistency across regionsStrong knowledge of
derivatives and structured lendingFacilitate relationships with key
clients and internal partnershipsQualifications:15+ years of
experience in financial services and risk management
requiredSignificant risk/risk-related counterparty credit work
experience in banking/financial institutions with expertise in
hedge funds, private equity, family office and alternative
investment counterpartiesExperience in people managementClient
Relationships / Business Partnership:Navigates organizational
complexity and breaks silosCreates and sustains a network of strong
partnerships with the business in all segments & geographies and
other risk functionsProven track record of partnering with global
peers in leveraging and implementation of best practicesKnowledge,
skills and experience required: Provides well-reasoned, balanced
assessments of risk/return trade-offs associated with transactions
and client relationshipsProficiency in flow and complex financing
and product structuresAbility to provide strategic insights and
strong sensitivity to macro and regulatory issues, and impact of
such issues on the various Risk families, including operational and
franchise risksProven ability to effectively engage with regulators
and internal control functions includingInternal Audit and
Fundamental Credit Risk as well as with external auditDemonstrates
strong ethics and integrityStrong leadership. Dynamic, flexible,
and with strong communication skillsAbility to see the 'big
picture' in a complex environmentCan make decisions under pressure
and short timelineExcellent verbal & written communication skills.
Active listening skills.Demonstrated influencing and negotiating
ability, resolve conflicts amongst various constituenciesExcellent
presentation skills - adept at presenting effectively to audiences
of various sizes and various constituenciesEducation:Bachelor's
degree/University degree or equivalent experienceMaster's degree
preferred------------------------------------------------------Job
Family Group: Risk
Management------------------------------------------------------Job
Family:Credit
Decisions------------------------------------------------------Time
Type:Full
time------------------------------------------------------Primary
Location:New York New York United
States------------------------------------------------------Primary
Location Full Time Salary Range:$170,000.00 - $300,000.00In
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.------------------------------------------------------Anticipated
Posting Close Date:Mar 27,
2024------------------------------------------------------Citi is
an equal opportunity and affirmative action employer.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.Citigroup Inc.
and its subsidiaries ("Citi") invite all qualified interested
applicants to apply for career opportunities. 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 the "EEO is the Law" poster. View the
EEO is the Law Supplement.View the EEO Policy Statement.View the
Pay Transparency Posting
Keywords: Citigroup, East Orange , ICM Counterparty Credit Risk - Alternative Assets Senior Credit Manager, Director - Hybrid, Accounting, Auditing , New York, New Jersey
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