Counterparty Credit Risk Underwriter

5 days ago

London, Greater London, United Kingdom Citigroup Inc. Full time

The Counterparty Credit Underwriter supporting and working on coverage of a global portfolio of sophisticated Institutional Family Office (IFO) clients within Citi Wealth.

The portfolio consists predominantly of Institutional Family Office (IFO) clients of Citi Wealth. Products include but are not limited to OTC and listed derivatives, other capital markets products, as well as wholesale collateralized (Securities Based Lending (SBL)) and cash flow-based (Structured Lending) loans.

Key Responsibilities:

  • Counterparty Credit (CCR) Underwriters within 1LOD are responsible for the underwriting, approval and extension of credit within the Margin Lending and Capital Markets business of Citi Global Wealth (CGW).
  • Wealth is a single, integrated platform serving clients across the wealth continuum, from the affluent segment to ultra-high net worth clients.
  • Underwriters typically have experience in underwriting plain-vanilla as well as tailored credit solutions to Citi Bank clients with a focus on securities based lending and derivatives.

This is an exciting opportunity to contribute to the next phase of growth of a relatively new aspect of the risk framework within Citi. It applies to Institutional Family Offices (IFOs) which constitute an important segment of the bank's clients. The IFO Underwriter (UW) will initially focus on capital markets and securities based lending credit risk for IFOs globally.

Job Summary

  • Underwriting will focus principally on identified IFO clients of Citi with a Wealth nexus.
  • Credit structuring and underwriting of derivatives, SBL and Structured Loans and capital markets deals for Citi Private Bank clients.
  • Manage an assigned global portfolio of Private Bank controlled credit relationships.
  • Location agnostic.

The person will be responsible for:

  • Implementing and applying the Credit Risk Framework for IFOs.
  • Working closely with the IFO UW team lead to maintain and develop further the Wealth IFO governance framework, including the running and administration of regional IFO Forums.
  • Credit manage an assigned portfolio of IFOs globally.
  • Lead, coordinate, or join due diligence (DD) meetings to understand the risk profile and dominant strategy of the IFOs and ensure risk appetite at the Citi level remains adequate.
  • Assess key risks including portfolio concentration and diversification, liquidity, redemption risks if any.
  • Assign Risk Ratings by using appropriate risk methodologies and scoring sheets.
  • Assess risk rating methodology on a periodic basis.
  • Decide client margin tiering and apply appropriate tiering guidelines and margins.
  • Understand key risk dynamics and assessments at a fund/entity level as well as at the investment manager level.
  • Understand the IFOs holding structure and investors base.
  • Understand the client's investment approach and the resulting portfolio composition.
  • Ensure that facilities are re-underwritten at least annually as part of the annual review process.
  • Assess stress testing (NSE) outcomes and ensure these remain within risk appetite. Investigate and resolve true and technical excesses.
  • Where appropriate and based on specific events occurring, consider classification upgrades, downgrades and triggers.
  • Negotiate credit-related terms in ISDA/CSA, MRA, MSFTA, GMRA and GMSLA and other lending documentation.
  • Build a working relationship network with the origination functions (Banking, Lending Advisors, Investment Counselors, Capital Market Credit Solutions, Global Family Office Group).
  • Preparation of Credit Applications and packages ensuring accuracy and completeness of data.
  • Financial Analysis including balance sheet and cash flow statements.
  • Collateral Evaluation covering Marketable Securities, Property and other asset classes.
  • Preparing and negotiating credit documentation for facilities, including liaison with external counsel as required as well as undertaking the annual review of documentation.
    • Preparing and reviewing facility covenants (including sourcing applicable covenant certificates, NAV statements etc).
    • Assisting in Portfolio Management, including CA Annual reviews, facility excesses, covenant monitoring and compliance, waivers and extensions and all related system maintenance.
    • Interacting with clients, trading desks, credit risk, operations and legal.
    • Providing guidance as needed to supporting underwriting and other colleagues.

Knowledge/Experience:

  • The ideal candidate should have a good track record of experience in Hedge fund credit or related experience.
  • Good knowledge of hedge fund/family office/ private equity structures/operations and strategy types, prime brokerage and derivatives / capital market products, ISDA / other trading agreements, securities based lending (margin lending).
  • Strong grasp of current technologies including stress testing is highly beneficial.

Skills:

  • Knowledge of capital markets and securities based lending products.
  • Strong analytical skills and ability to decompose transactions into the core risks.
  • Good quantitative skills a plus.
  • Solid Risk and Business judgment on the full spectrum of risk issues including Operational and Franchise Risk.

Qualifications:

  • University Degree / Graduate Degree in Business, Finance or Economics or equivalent is a plus.

------------------------------------------------------

Job Family Group: Risk Management

------------------------------------------------------

Job Family: Portfolio Credit Risk Management

------------------------------------------------------

Time Type: Full time

------------------------------------------------------

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities.

#J-18808-Ljbffr

  • Underwriter - Credit and Political Risk

    7 days ago

    London, Greater London, United Kingdom IQUW Property Insurance Full time

    OverviewAbout usIQUW is a speciality (re)insurer at Lloyd's (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.The roleThe role of an Underwriter at...

  • Risk, Credit Risk, Counterparty Risk

    6 days ago

    London, Greater London, United Kingdom Goldman Sachs, Inc. Full time

    Risk, Credit Risk, Counterparty Risk - Fund Management, Vice President/Executive Director, LondonJob DescriptionRISKOur Risk division develops comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities,...

  • Risk, Credit Risk, Counterparty Risk

    6 days ago

    London, Greater London, United Kingdom Goldman Sachs, Inc. Full time

    Risk, Credit Risk, Counterparty Risk - Fund Management, Vice President/Executive Director, LondonJob DescriptionRISKOur Risk division develops comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities,...

  • Risk, Credit Risk-Workout

    2 days ago

    London, Greater London, United Kingdom Goldman Sachs Group, Inc. Full time

    RISKThe Risk Division is a team of specialists charged with managing the firm's credit, market, liquidity, operational and capital risk. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the...

  • Head of Counterparty Credit Risk

    7 days ago

    London, Greater London, United Kingdom Citi Full time

    Job Purpose:Define and implement the strategy and governance framework for Counterparty Credit Risk (CCR) across Citi. CCR Governance includes the 2LOD review and challenge in a variety of CCR related committees (PSE Council, DSFT, Stress Testing; PPL, etc.) with the goal of bringing consistent thought process and actions to the CCR exposures.Job...

  • Counterparty Risk Analyst

    4 days ago

    London, Greater London, United Kingdom ENGINEERINGUK Full time

    You will need to login before you can apply for a job.At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating...

  • Counterparty Risk Analyst

    7 days ago

    London, Greater London, United Kingdom M&G Full time

    At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial...

  • Director, Counterparty Credit Risk Quant

    7 days ago

    London, Greater London, United Kingdom Standard Chartered Life and Careers Full time

    Director, Counterparty Credit Risk QuantStandard Chartered bank is hiring a quantitative analyst for the front office Modelling and Analytics Group (MAG). We have a few quant teams working on building an internal analytics library responsible for pricing and risk management for financial market products. This role will be part of the Counterparty Credit Risk...

  • Director – Counterparty Credit Risk

    5 days ago

    London, Greater London, United Kingdom Robert Walters UK Full time

    Our client is seeking a highly skilled Director for Counterparty Credit Risk. This role is an exciting opportunity to be part of a dynamic team responsible for building internal analytics libraries used for pricing and risk management for financial market products. The successful candidate will have the chance to work within a supportive and inclusive...

  • Director, Counterparty Credit Risk Quant

    6 days ago

    London, Greater London, United Kingdom Standard Chartered Full time

    Director, Counterparty Credit Risk QuantJob SummaryStandard Chartered bank is hiring a quantitative analyst for the front office Modelling and Analytics Group (MAG). We have a few quant teams working on building an internal analytics library responsible for pricing and risk management for financial market products. This role will be part of the Counterparty...

  • Quantitative Analyst, Counterparty Credit Risk Models

    7 days ago

    London, Greater London, United Kingdom Standard Chartered Life and Careers Full time

    Press Tab to Move to Skip to Content LinkQuantitative Analyst, Counterparty Credit Risk Models (UK, France or Singapore)Standard Chartered bank is hiring a quantitative analyst for the front office Modelling and Analytics Group (MAG). We have a few quant teams working on building an internal analytics library responsible for pricing and risk management for...

  • Credit Underwriter

    5 days ago

    London, Greater London, United Kingdom JR United Kingdom Full time

    Social network you want to login/join with:Forward-thinking organisation at the forefront of the financial services sector, specialising in providing innovative credit risk solutions. They focus on acquiring large corporate loans from banks utilising unfunded (insurance) to do so.Through cutting-edge technology and deep industry expertise, they offer bespoke...

  • Senior Credit Risk Analyst

    3 weeks ago

    London, Greater London, United Kingdom Barclay Simpson Full time

    Credit Risk Analyst – Physical Oil Trading (Africa Markets)Are you an experienced Credit Risk Analyst with a strong background in physical oil trading and expertise in African trading counterparties? Our client, a leading commodity trading firm, is seeking a skilled professional to manage and assess credit risk exposure across their Africa-focused trading...

  • Counterparty Risk Manager

    2 days ago

    London, Greater London, United Kingdom Just Group plc Full time

    Counterparty Risk Manager (Financial Risk)We are looking for a Counterparty Risk Manager (Financial Risk) who will support the Senior Risk Manager in assessing the counterparty risks associated with business activities.You will provide advice, oversight and challenge to the 1st line as a representative of the Financial Risk function.ResponsibilitiesChallenge...

  • GBM Public, Counterparty Risk, Vice President, London

    4 days ago

    London, Greater London, United Kingdom Goldman Sachs Full time

    Global Banking & Markets - PublicOur core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the...

  • Credit Risk Underwriter

    5 days ago

    London, Greater London, United Kingdom Ubluk Full time

    Review and analyze residential real estate loan applications and supporting documentation.Assess the creditworthiness and financial stability of loan applicants (usually Limited companies).Ensure compliance with all company policies and regulatory requirements (SS13/16).Provide detailed recommendations to the Senior Credit Manager and the Bank's Credit...

  • Credit Risk Analyst

    7 days ago

    London, Greater London, United Kingdom Robert Walters UK Full time

    An exciting opportunity has arisen for a highly skilled Credit Risk Analyst to join a leading global financial services group. The successful candidate will be part of a team that provides a firm-wide capital management framework, ensuring transparency and effectively managing market, credit, liquidity, concentration, and tail risk within the risk appetite...

  • Quantitative Analyst, Counterparty Credit Risk Models

    2 days ago

    London, Greater London, United Kingdom Standard Chartered Full time

    Job SummaryStandard Chartered bank is hiring a quantitative analyst for the front office Modelling and Analytics Group (MAG). We have a few quant teams working on building an internal analytics library responsible for pricing and risk management for financial market products. This role will be part of the Counterparty Credit Risk (CCR) Equity team within...

  • BTL Credit Underwriter

    2 weeks ago

    London, Greater London, United Kingdom CRS Full time

    Credit Underwriter – Buy-to-Let (BTL) Lending Location: Remote Type: Full-time Our client is looking for an experienced Underwriter to play a crucial role in assessing and managing risk across our Buy-to-Let (BTL) lending portfolio. If you thrive in a dynamic, collaborative, and customer-focused environment , this is your opportunity to contribute...

  • BTL Credit Underwriter

    2 weeks ago

    London, Greater London, United Kingdom CRS Full time

    Credit Underwriter – Buy-to-Let (BTL) Lending Location: Remote Type: Full-timeOur client is looking for an experienced Underwriter to play a crucial role in assessing and managing risk across our Buy-to-Let (BTL) lending portfolio. If you thrive in a dynamic, collaborative, and customer-focused environment, this is your opportunity to contribute to a...