Vice President – Counterparty Credit Risk | Funds Underwriting

Citi • Getzville, NY

3d

About The Position

Institutional Credit Management (ICM) is a core First Line of Defense function within Citi, responsible for independent credit risk assessment, underwriting, and portfolio oversight across institutional counterparties. ICM partners closely with Front Office, Independent Risk, and Control functions to ensure disciplined risk management, regulatory alignment, and consistent global standards.

Within ICM Counterparty Credit Risk, the Funds Underwriting team provides global coverage of Real Money Funds, including Asset Managers, Investment Advisors, and Pension Funds. The team is responsible for approving and monitoring counterparty credit exposure across some of Citi’s most significant institutional relationships.

Citi is seeking a Vice President (VP) to serve as a senior Credit Officer within Funds Underwriting. This role owns credit underwriting and portfolio risk oversight for a complex portfolio of Real Money Funds, provides leadership and technical direction to analysts, and acts as a key partner to Front Office and Independent Risk stakeholders.
This is a senior, judgment‑driven VP role, offering significant autonomy, visibility, and impact, while being based in Citi’s established Getzville risk hub.
Role Overview
The Vice-President will be accountable for end‑to‑end credit risk assessment and ongoing monitoring of Real Money Funds counterparties. The role requires deep technical credit expertise, strong industry judgment, and the ability to influence outcomes across functions and regions.
The position combines portfolio ownership, senior stakeholder interaction, and people leadership through influence, and is suited for professionals looking to continue advancing within Citi’s global Institutional Credit Management organization.

Requirements

• 7-10 years of relevant credit experience in Banking, Counterparty Credit Risk, Institutional Risk Management, or a related field
• Demonstrated experience underwriting and monitoring institutional counterparties
• Strong understanding of wholesale credit processes, portfolio monitoring, and risk governance
• Ability to exercise independent credit judgment and challenge stakeholders constructively
• Bachelor’s degree in Finance, Accounting, Economics, or a related discipline (or equivalent experience)
• Experience covering Real Money Funds, Asset Managers, or Pension Funds
• Prior designation as a Credit Officer, or clear capability aligned with VP‑level authority

Nice To Haves

• Advanced degree (MBA) or professional certification a plus, but not required
• Experience covering Real Money Funds, Asset Managers, or Pension Funds
• Advanced degree (MBA) or professional certification a plus, but not required

Responsibilities

• Lead fundamental credit analysis of Real Money Funds counterparties, integrating quantitative and qualitative factors
• Approve and assign Obligor Risk Ratings and credit recommendations based on independent judgment and industry expertise
• Ensure credit decisions are consistent with Citi’s risk appetite, policies, and regulatory expectations
• Own continuous monitoring of the Funds portfolio, including industry trends, stress events, and counterparty‑specific developments
• Proactively identify and escalate emerging credit risks to senior underwriting leadership, Independent Risk (2LoD), and BCMA partners
• Review and challenge risk ratings and exposure profiles across the Funds sector
• Serve as a senior risk partner to Front Office, Independent Risk, and BCMA stakeholders
• Participate in discussions on portfolio strategy, exposure management, and risk governance
• Contribute to consistent implementation of credit standards across regions and products
• Provide technical leadership, coaching, and oversight to underwriting analysts
• Review and challenge analysts’ work products to ensure strong underwriting discipline
• Support a strong risk culture, talent development, and engagement initiatives (including VOE)
• Ensure adherence to the control environment, including Quality Assurance and Quality Control standards
• Support internal reviews, audits, and regulatory interactions related to counterparty credit risk
• Contribute to ongoing enhancements of underwriting standards and best practices

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