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

Citi is seeking a Vice President, Credit Risk – Alternatives to join the 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.

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.

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.

Qualifications

• 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.

Benefits

• Hybrid working model — 3 days in the office and 2 days working remotely.
• Senior platform with genuine influence over credit risk governance and client strategy within one of the world's leading global banks.
• Access to a broad global network of risk, trading, and client professionals across Citi's institutional businesses.
• Ongoing learning and development opportunities, including access to professional development programs and industry-leading resources.
• Competitive compensation and a comprehensive benefits package designed to support your financial wellbeing and long-term security.
• Wellbeing and family support programs that help you maintain balance across all areas of your life.
• Medical, dental, and vision coverage.
• 401(k) plan.
• Life, accident, and disability insurance.
• Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.

Pay

Full-time salary range: $129,840.00 - $194,760.00. In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.

Schedule

Full time, hybrid (3 days in the office, 2 days remote).