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The ICM Alternatives AVP 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 (Equity Prime Broker, FX PB, Futures & Clearing, Repo, Custody), 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 trading activities.
- 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:
- 2-5 years of experience in financial service
- 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
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Portfolio Credit Risk Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Constructive Debate, Escalation Management, Industry Knowledge, Policy and Procedure, Policy and Regulation, Process Execution, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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Citi London, England Office
33 Canada Square, London, United Kingdom, E14 5LB
