Vice President, Counterparty Credit Risk – Funds Underwriting

Single PositionExplore a Career With UsView All JobsHybridVice President, Counterparty Credit Risk – Funds UnderwritingGETZVILLE, New York, United States of America No longer accepting applications.Job ID26973418Date posted06/17/2026DepartmentRisk ManagementCiti is looking for an experienced credit risk professional to join its Institutional Credit Management (ICM) team as a Vice President in Counterparty Credit Risk (CCR) Funds Underwriting — a global team responsible for measuring, monitoring, and controlling counterparty credit risk for Real Money Funds clients, including asset managers, investment advisors acting as agent, and pension funds. In this First Line of Defense role, you will underwrite and manage credit risk for some of Citi's largest institutional funds clients, working directly with front office teams, independent risk partners, and clients to ensure risk is identified, assessed, and controlled. Based in Getzville, NY, this is a high-impact opportunity to shape risk strategy across a broad range of Markets and Banking products using cutting-edge risk models and techniques.ResponsibilitiesManage credit exposures to Real Money Funds clients including asset managers, investment advisors as agent, and pension funds — arising from derivatives, financing, and direct lending products.Approve credit reviews as a First Line of Defense underwriter, assessing portfolio risk, client position liquidity, credit limits, and risk appetite ratios with Credit Officer authority.Evaluate and approve new Funds clients at onboarding, establishing appropriate risk parameters and credit limits to reflect each client's risk profile.Review and sanction large transactions or deals requiring individual risk assessment, providing sound judgment on complex counterparty exposures.Monitor client portfolios on a daily and weekly basis to identify and remediate credit risk arising from market-sensitive exposures and liquidity risk, escalating key findings to senior management and contributing to in-business risk forums.Partner with quantitative and business teams on margin model development, new product approvals, risk measurement enhancements, and real-time monitoring and controls.Assess and periodically review the control environment, vetting new systems, processes, and policies to ensure alignment with market practices and regulatory standards.Leverage risk management tools to measure and monitor exposure levels, and contribute to the project management of strategic risk infrastructure initiatives.Required Qualifications & SkillsBachelor's or Master's degree in mathematics, science, finance, economics, risk management, or a closely related field.A minimum of 5 to 7 years of credit risk experience at a major financial institution, with demonstrable expertise in counterparty credit risk management.Relevant credit experience covering Real Money Funds, asset managers, hedge funds, or financial institutions, with working knowledge of markets products and associated risk metrics.Credit Officer designation, or the ability to demonstrate the analytical judgment, decision-making, and risk assessment skills aligned with that level of responsibility.Thorough knowledge of portfolio risk across multiple asset classes, including rates, equities, foreign exchange, credit, and commodities and its implications for counterparty credit risk.Advanced Excel skills, including the ability to build analytical models; proficiency in quantitative modelling and data assimilation to support risk assessments and reporting.Excellent written and verbal communication skills, with the ability to present complex risk findings clearly to senior stakeholders and contribute to internal and external documentation.Beneficial Skills & QualificationsAn MBA, CPA, or CFA designation, or completion of a formal credit training programme.Familiarity with stress testing techniques and instrument modelling across derivatives and financing products.Excel skills incorporating VBA (Visual...