ICM Counterparty Credit Risk (CCR) Underwriting, Hedge Funds, VP (C13) Hybrid

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 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 Counterparty Credit Risk (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 ICM Hedge Fund (HF) Portfolio Manager VP is responsible for managing Citi’s credit risk to a portfolio of the firm’s most complex and large Hedge Fund relationships. Primary activities include credit due diligence, credit reviews, credit approvals and monitoring of the portfolio within the risk appetite of the overall business strategy.

Responsibilities:

• Work closely with Citi’s business lines (1st LoD) across all products, with a particular focus on Prime Brokerage, as well as Risk Management (2nd LoD)

• Engage in extensive client-interface through the due diligence meetings, negotiation of credit structures and documentation, including ISDA’s, Derivatives Clearing, FCM and Repo documents

• Conduct and take ownership of the Credit Approval Memo process (CAM), generate Risk rating and update on an as need basis

• Prepare CAM, Perform quality control of the CAM / Risk Rating Scorecard and ICM-CCR credit approval/sanction

• Monitor compliance with trading agreements (NAV and/or performance ATEs, disclosure requirements) and Limits excesses

• Recommend remediation plan for Limits and ATE breaches and remediate breaches in accordance with the plan

• Report on limit excesses and limit excess aging

• Review and monitor margin disputes, and establish Margin tolerance threshold for select clients where applicable

• Assist with addressing FCR, IA and regulatory reviews / questions

• Assist the Team Head in presentations and industry reports given to senior management, and regulatory reporting requirements

• Provide leadership and guidance to more junior staff

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 5 to 10+ years of experience in financial services and risk management required

• Strong interest in the Hedge Fund / alternative asset management sector

• Extensive years of previous work experience in related field and ability to work independently on complex risk requests

• Good understanding of Capital Markets trading and lending products, structured and other complex products traded by Hedge Funds

• Quantitative and intuitive skills in the risks inherent in capital markets products, transactions and positions

• Strong grasp of current technologies including stress testing

• Highly proficient in Microsoft Excel, PowerPoint, Word and Access

• Real sense of how to support business growth, within risk appetite parameters

• Motivated and confident to work within a dynamic risk sector

• Attention to detail unaffected by high pressure situations

• Strong communication skills

Education:

• Bachelor's degree/University degree or equivalent experience

• Master's degree preferred

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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.

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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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