Counterparty Credit Risk - Private Equity (Senior Vice President)

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Counterparty Credit Risk - Private Equity (Senior Vice President)

senior · Risk & Compliance

Discover your future at Citi

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Job Overview

Institutional 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 Overview

The 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 environments

Key Responsibilities

Credit Underwriting & Risk Judgment

• Assess transaction‑level and portfolio‑level risk across a wide range of hedge fund strategies and financing structures

• Lead or review underwriting for complex exposures, ensuring alignment with risk appetite and policy

• Apply rigorous risk analysis across Prime Brokerage, repo, derivatives, fund financing, and structured lending

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Portfolio Management & Monitoring

• Own ongoing monitoring of a hedge fund and alternatives counterparty portfolio

• Identify emerging risks, liquidity pressures, and concentration issues; escalate proactively

• Evaluate stress scenarios, market dislocations, and idiosyncratic counterparty events

Stakeholder & Client Partnership

• Act 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 exposure

• Provide balanced, well‑reasoned views on risk/return trade‑offs to support business objectives

Governance & Best Practices

• Contribute to global underwriting consistency and portfolio governance standards

• Support senior risk committees, portfolio reviews, and regulatory interactions

• Apply a strong controls mindset and ensure adherence to internal policies and regulatory expectations

Experience & Qualifications

• 8+ years of experience in counterparty credit, credit risk management, structuring, or underwriting within a major financial institution

• Deep expertise covering Private Equity and alternative investment counterparties

• Strong understanding of capital markets products, including Prime Brokerage, derivatives, repo, and structured financing

• Proven ability to exercise independent credit judgment under time pressure

• Bachelor’s degree in Finance, Accounting, Economics, or a related field (or equivalent experience)

• Experience covering Private Equity, BDCs, or other alternative investment vehicles

• Exposure to subscription finance or fund‑level lending structures

• Advanced degree (MBA) or professional certification (CFA, CPA) a plus, but not required

• Formal credit training advantageous

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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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Automated Processing and AI

We 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

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