Vice President, Counterparty Credit Risk – Funds Underwriting

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Job Overview

Citi is looking for an experienced credit risk professional to join its Institutional Credit Management (ICM) team as a Vice President in Counterparty Credit Risk (CCR) Funds Underwriting — a global team responsible for measuring, monitoring, and controlling counterparty credit risk for Real Money Funds clients, including asset managers, investment advisors acting as agent, and pension funds. In this First Line of Defense role, you will underwrite and manage credit risk for some of Citi's largest institutional funds clients, working directly with front office teams, independent risk partners, and clients to ensure risk is identified, assessed, and controlled. Based in Getzville, NY, this is a high-impact opportunity to shape risk strategy across a broad range of Markets and Banking products using cutting-edge risk models and techniques.

Responsibilities

• Manage credit exposures to Real Money Funds clients including asset managers, investment advisors as agent, and pension funds — arising from derivatives, financing, and direct lending products.
• Approve credit reviews as a First Line of Defense underwriter, assessing portfolio risk, client position liquidity, credit limits, and risk appetite ratios with Credit Officer authority.
• Evaluate and approve new Funds clients at onboarding, establishing appropriate risk parameters and credit limits to reflect each client's risk profile.
• Review and sanction large transactions or deals requiring individual risk assessment, providing sound judgment on complex counterparty exposures.
• Monitor client portfolios on a daily and weekly basis to identify and remediate credit risk arising from market-sensitive exposures and liquidity risk, escalating key findings to senior management and contributing to in-business risk forums.
• Partner with quantitative and business teams on margin model development, new product approvals, risk measurement enhancements, and real-time monitoring and controls.
• Assess and periodically review the control environment, vetting new systems, processes, and policies to ensure alignment with market practices and regulatory standards.
• Leverage risk management tools to measure and monitor exposure levels, and contribute to the project management of strategic risk infrastructure initiatives.

Required Qualifications & Skills

• Bachelor's or Master's degree in mathematics, science, finance, economics, risk management, or a closely related field.
• A minimum of 5 to 7 years of credit risk experience at a major financial institution, with demonstrable expertise in counterparty credit risk management.
• Relevant credit experience covering Real Money Funds, asset managers, hedge funds, or financial institutions, with working knowledge of markets products and associated risk metrics.
• Credit Officer designation, or the ability to demonstrate the analytical judgment, decision-making, and risk assessment skills aligned with that level of responsibility.
• Thorough knowledge of portfolio risk across multiple asset classes, including rates, equities, foreign exchange, credit, and commodities and its implications for counterparty credit risk.
• Advanced Excel skills, including the ability to build analytical models; proficiency in quantitative modelling and data assimilation to support risk assessments and reporting.
• Excellent written and verbal communication skills, with the ability to present complex risk findings clearly to senior stakeholders and contribute to internal and external documentation.

Beneficial Skills & Qualifications

• An MBA, CPA, or CFA designation, or completion of a formal credit training programme.
• Familiarity with stress testing techniques and instrument modelling across derivatives and financing products.
• Excel skills incorporating VBA (Visual Basic for Applications), with Python programming experience an added advantage for workflow automation and quantitative analysis.
• Exposure to margin model development or participation in new product approval processes within a risk or quantitative team.

What We Offer

At Citi, you will work within a high-performing, globally connected risk team that plays a central role in shaping credit strategy across Markets and Banking. This role offers genuine influence over risk governance, access to advanced risk infrastructure, and the opportunity to build deep expertise at one of the world's leading financial institutions.

• A hybrid working model with 3 days in the office and 2 days working remotely, supporting a sustainable balance between collaboration and focused work.
• Direct exposure to front office teams, independent risk partners, and institutional clients — broadening your perspective across the full spectrum of credit and markets activity.
• The opportunity to influence risk strategy at a global scale, with input into risk model development, infrastructure projects, and senior risk forums.
• Access to cutting-edge risk models and techniques, enabling you to build and deepen expertise in counterparty credit risk across a wide range of Markets and Banking products.
• A collaborative team environment where your analytical contributions directly inform credit decisions on some of Citi's most significant institutional client relationships.
• Clear pathways for professional growth within ICM and the broader Citi risk organisation, with exposure to strategic initiatives across credit, quantitative, and business functions.

Apply now to bring your credit risk expertise to a role where your judgment, analytical rigour, and market knowledge will directly shape how Citi manages counterparty risk for its largest institutional funds clients.

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Job Family Group:

Risk Management

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Job Family:

Credit Risk

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Time Type:

Full time

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Primary Location:

Getzville New York United States

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Primary Location Full Time Salary Range:

$92,000.00 - $138,000.00

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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Most Relevant Skills

Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Anticipated Posting Close Date:

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