MD Head of Alternatives ICM Underwriting

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 team
• Role demands excellence in analysis, underwriting, monitoring, and drives global consistency across regions
• Leading due diligence efforts and managing counterparty credit risk to a global portfolio of HFs, PE and highly institutionalized family office clients
• Provide oversight and challenge for the business covering full range of products
• Negotiation of credit structures and documentation, including ISDA’s, Derivatives Clearing, FCM. Prime Brokerage and Repo documents
• Review and approve client reviews, credit facilities, specific transactions, and exceptions within delegated credit authority
• Collaborating with 2LOD colleagues to develop credit underwriting standards and policies for extending credit to institutional family offices
• Setting a global culture which demands excellence in analysis, underwriting, monitoring, and drives global consistency across regions
• Strong knowledge of derivatives and structured lending
• Facilitate relationships with key clients and internal partnerships

Qualifications :

• 15+ years of experience in financial services and risk management required
• Significant risk / risk-related counterparty credit work experience in banking / financial institutions with expertise in hedge funds, private equity, family office and alternative investment counterparties
• Experience in people management

Client Relationships / Business Partnership :

• Navigates organizational complexity and breaks silos
• Creates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functions
• Proven track record of partnering with global peers in leveraging and implementation of best practices

Knowledge, skills and experience required :

• Provides well-reasoned, balanced assessments of risk / return trade-offs associated with transactions and client relationships
• Proficiency in flow and complex financing and product structures
• Ability 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 risks
• Proven ability to effectively engage with regulators and internal control functions including
• Internal Audit and Fundamental Credit Risk as well as with external audit
• Demonstrates strong ethics and integrity
• Strong leadership. Dynamic, flexible, and with strong communication skills
• Ability to see the big picture’ in a complex environment
• Can make decisions under pressure and short timeline
• Excellent verbal & written communication skills. Active listening skills.
• Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies
• Excellent presentation skills adept at presenting effectively to audiences of various sizes and various constituencies

Education :

• Bachelor's degree / University degree or equivalent experience
• Master's degree preferred

Job Family Group : Risk Management

Risk Management

Job Family :

Credit & Portfolio Risk Management

Time Type : Primary Location :

Primary Location :

New York New York United States

Primary Location Full Time Salary Range :

$250, - $500,

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 Available offerings may vary by jurisdiction, job level, and date of hire.

Anticipated Posting Close Date :

Jun 19, 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.

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