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 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, Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS). The Credit Risk Manager will be part of the global CCR underwriting function, spanning various products including subscription call facilities, Fund Financing, FX, Derivatives, Prime Brokerage, and structured lending. Candidate should have experience managing alternative managers like Hedge Funds, Private Equity and Institutional Family Offices. Responsibilities: Evaluating transactions risk across the business covering full range of complex products Understand applicable credit policies, industry regulations and the requisite impact of those governance items to prospective new partners or product initiatives Conduct and take ownership of the Credit Approval Memo process (CAM), generate risk rating and update on an as need basis, perform quality control of the CAM / Risk Rating Scorecard Negotiation of credit structures and documentation, including ISDA’s, Derivatives Clearing, Prime Brokerage and Repo documents Facilitate relationships with key clients in Banking and Risk Client Relationships / Business Partnership Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships Proven track record of partnering with global peers in leveraging and implementation of best practices Qualifications: 6-10 years of experience in credit risk management or equivalent training and experience preferably in the financial services industry Proven ability to apply credit and risk principles toward business goals Demonstrated ability to synthesize and prioritize Proven ability to remain organized in a fast-paced environment Demonstrated interpersonal, organizational and analytic skills Education: Bachelor's degree/University degree or equivalent experience Master's degree preferred.
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