SVP, Credit Risk – Hedge Funds & Alternative Investments

Citi • New York, NY

3d

About The Position

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, Hedge Fund 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 Hedge Fund 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

Requirements

• 8+ years of experience in counterparty credit, credit risk management, structuring, or underwriting within a major financial institution
• Deep expertise covering Hedge Funds 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)

Nice To Haves

• 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

Responsibilities

• 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
• 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
• 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
• 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

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees