25844538 Vice President - 1LoD Credit Officer (Hedge Fund / Private Equity)

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

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 Alternative Underwriting function (ICM-CPE UW) provides analysis, greenlight, underwriting, first-line-of-defense credit approval and subsequent credit monitoring across all businesses including Banking, Markets, Services.

We’re currently looking for a high caliber professional to join our team as Vice President, 1LoD Credit Officer (Hedge Fund / Private Equity) (Internal Job Title: Credit Portf Officer - C13) based in Singapore. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.

The ICM Alternatives Vice President Underwriter is responsible for helping manage Citi’s credit risk to a portfolio of the firm’s most complex and large Hedge Fund/Private Equity/Institutional Family Office 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 across all products, with a particular focus on Prime Brokerage, as well as 2nd LoD Risk Management.
• Assist in extensive client-interface through the due diligence meetings, assess creditworthiness of clients and assign credit ratings and tiers.
• Prepare Credit Approval Memo process (CAM) and risk rating scorecards.
• Help monitor compliance with trading agreements (NAV and/or performance ATEs, disclosure requirements) and Limits excesses.
• Assist in evaluating the risk of hedge fund portfolios and managing credit risk related to client lending, trading, clearing, prime brokerage, and custody operations.
• Help establish 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 BICR, IA and regulatory reviews / questions.
• Assist the team head in presentations and industry reports given to senior management, and regulatory reporting requirements.
• Appropriately assess risk when business decisions are made, demonstrating 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:

• 5-10 years of experience in financial services.
• Motivated and confident to drive change.
• Highly effective communication skills, used to partner with other groups and present findings and suggestions to management.
• Attention to detail unaffected by high pressure situations.
• Advanced working knowledge of Microsoft Excel, PowerPoint, Word, and Access.

Education:

• Bachelor's degree/University degree or equivalent experience.