Senior Credit Risk Officer – Hedge Funds & Private Equity - SVP

About the role

Citi is looking for a Senior Credit Risk Officer specializing in alternative investment counterparties — including Hedge Funds and Private Equity — to join its Institutional Credit Management (ICM) team as a senior member of the global underwriting function. In this role, you will assess and manage counterparty credit risk across a sophisticated product suite spanning Prime Brokerage, Futures and Clearing, OTC, and Structured Lending, sitting at the intersection of risk oversight and front-line business partnership. Your work will directly shape Citi's risk positioning across alternative investment clients, driving global consistency and best-in-class credit standards.

Responsibilities

• Evaluate counterparty credit risk across a complex portfolio of alternative investment clients, including Hedge Funds, Private Equity firms, and Business Development Companies (BDCs), covering the full range of products from Prime Brokerage to Structured Lending.
• Lead credit underwriting decisions for sophisticated financing structures, including subscription credit facilities, Fund Financing, OTC, ensuring rigorous risk/return assessment on every transaction.
• Assess and monitor portfolio risk on an ongoing basis, identifying emerging exposures and ensuring timely escalation and remediation in line with credit risk standards.
• Provide well-reasoned, balanced risk assessments on new and existing client relationships, clearly articulating trade-offs between risk and return to senior stakeholders and independent risk partners.
• Build and maintain strong relationships with key alternative investment clients, internal business partners, and Second Line of Defense risk teams to ensure aligned and responsive credit oversight.
• Drive global consistency in underwriting standards and credit monitoring practices, collaborating with regional peers to embed and scale best practices across the platform.
• Interpret local market conditions, regulatory frameworks, and competitive dynamics to inform nuanced credit decisions across jurisdictions.

Required Qualifications & Skills

• 8 or more years of credit experience within financial services, gained across Banking, Trading, Structuring, or Credit Risk Management, with a clear focus on counterparty credit risk for alternative investment managers.
• Deep expertise in alternative investment counterparties — specifically Hedge Funds and Private Equity — with the ability to assess complex fund structures, financing arrangements, and associated risk profiles.
• Hands-on underwriting experience across multiple product types, including Prime Brokerage, Structured Lending, Fund Financing, and FX.
• Strong command of capital markets products and complex financing structures, enabling independent and well-informed credit judgement.
• Degree in Finance, Accounting, Business, or a related discipline.
• Ability to make clear, well-supported decisions under pressure and within tight timelines, demonstrating consistent integrity and sound professional ethics.
• Excellent written and verbal communication skills, with the ability to present complex risk analysis persuasively to diverse audiences, including senior leadership and external clients.

Beneficial Skills & Qualifications

• Postgraduate qualifications such as an MBA, CFA, or CPA, demonstrating advanced financial expertise and analytical rigor.
• Formal credit training from a recognized banking or financial institution.
• Familiarity with local market dynamics, regulatory frameworks, and competitive positioning within the alternatives space.
• Underwriting experience spanning various products (e.g. subscription call facilities, Hedge Fund, Private Equity, Fund Financing, FX, Derivatives, Prime Brokerage, and structured lending).

What We Offer

• A senior, high-visibility role with direct influence over Citi's credit risk framework for the alternative investments sector globally.
• Hybrid working model — 3 days in the office and 2 days working remotely — offering meaningful flexibility alongside strong in-person collaboration.
• Access to global peers and cross-regional partnerships, enabling you to contribute to and benefit from best-practice sharing across Citi's worldwide network.
• Ongoing learning and professional development opportunities, including access to formal training programs and industry credentials support.
• Competitive compensation and financial wellbeing benefits reflecting the seniority and impact of the role.
• Wellbeing and work-life balance support, including employee assistance programs and family support provisions.
• A culture that values integrity, inclusion, and the kind of independent thinking that drives better risk outcomes.

Primary Location: New York, New York, United States
Time Type: Full time
Salary Range: $163,600.00 - $245,400.00

Most Relevant Skills: Analytical Thinking, Credible Challenge, Governance, Policy, Procedure, and Regulation, Portfolio Analysis, Risk Management Lifecycle.