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United States, New York 163600.00 - 245400.00 USD / Year · Job Posted May 16, 2026
Job offer has expired
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Job Description
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.
Job Responsibility
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
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)
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
Nice to have
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
What we offer
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