Credit Risk Officer – Alternatives (Hedge Funds & Private Markets) - Vice President

Citi • New York, NY

1d • $129,840 - $194,760 • Hybrid

About The Position

Citi is looking for a Vice President, Credit Risk – Alternatives to join our Institutional Credit Management (ICM) team as a counterparty credit officer covering a portfolio of alternative asset managers, including hedge funds and private markets-focused funds. In this role, you will serve as a critical First Line of Defense, owning credit risk assessment and client relationships across a broad range of capital markets products — from Prime Brokerage and Repo to OTC derivatives and structured lending. Your work will directly shape the quality of Citi's wholesale credit decisions and client experience within one of the firm's most complex and high-profile counterparty portfolios.

Requirements

• 5 or more years of counterparty credit risk experience within financial services, with demonstrated expertise covering alternative investment managers such as hedge funds and proprietary trading firms.
• Hands-on underwriting experience across a range of capital markets products, including Prime Brokerage, Repo, FX, Derivatives, Fund Financing, subscription call facilities, and structured lending.
• Proven ability to analyze complex capital markets products and financing structures, and translate that analysis into clear, well-supported credit decisions.
• Track record of authoring substantive credit documentation — including initial reviews, annual reviews, and transaction-specific analyses — to a professional standard.
• Strong communication skills, both written and verbal, with the ability to present effectively to diverse audiences including senior management and clients.
• Demonstrated ability to make sound credit judgements under time pressure and escalate concerns appropriately when required.
• Degree in Finance, Accounting, Economics, or a related discipline.

Nice To Haves

• Advanced degree or professional qualification such as an MBA, CFA, FRM, or CPA.
• Familiarity with local market dynamics, regulatory frameworks, and competitive positioning within the alternatives space.
• Experience engaging directly with senior fund management professionals, including COO, CFO, and CCO-level contacts, in a client-facing credit capacity.

Responsibilities

• Own end-to-end counterparty credit risk coverage for a portfolio of alternative asset managers, conducting initial, ongoing, and annual credit due diligence to a consistently high standard.
• Author high-quality credit reviews — including initial assessments, annual reviews, and analyses of material transactions — that clearly articulate risk/return trade-offs for senior stakeholders.
• Assess transaction risk across a full suite of capital markets products, including Equity, FX and Fixed Income Prime Brokerage, Futures, Clearing, Repo, and bilateral OTC derivatives.
• Lead credit-focused legal negotiations and manage the escalation process for approvals, ensuring decisions are well-reasoned, timely, and aligned with Wholesale Credit Risk standards.
• Build and maintain trusted relationships with senior client contacts — including COOs, CFOs, and CCOs — through on-site due diligence meetings, calls, and regular engagement, positioning yourself as a go-to credit contact for clients.
• Partner closely with internal business teams and Second Line of Defense Risk partners to deliver balanced risk assessments and ensure best-in-class governance and controls.
• Monitor portfolio developments, identify emerging credit concerns, and escalate issues proactively to protect Citi's risk position and client relationships.

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive