Associate, Asset-Backed Securitization

Citizens•Stamford, CT

6h•$125,000 - $175,000•Onsite

About The Position

Citizens Bank is seeking an Associate candidate to join the Asset-Backed Securitization (ABS) business line within the Asset Backed Finance (ABF) group. The ABF group is part of Citizens’ Capital Markets division. The Associate will work with ABS team members in support of non-mortgage securitization origination, with a focus on execution of asset-backed securitization loan facilities. The Associate will report to the Head of ABS and the role will be based in Stamford, CT.

Requirements

3-5 years of asset-backed securitization lending and Term ABS experience at a commercial or investment bank
Advanced analytical, securitization loan structuring, underwriting, credit, and presentation skills
Experience reviewing and summarizing deal documentation
Experience coordinating communication with lawyers, clients and other external parties to structure and execute transactions
Familiarity with securitization legal documents for revolving ABSL facilities backed by traditional and esoteric assets classes
Knowledge of the Term ABS market and transactions backed by traditional and esoteric assets. Familiarity with Digital Infrastructure Term ABS a plus
Strong PC Proficiency, Microsoft Office applications (Excel, Word and PowerPoint), Bloomberg and Credit Research Tools
Excellent verbal and written communication skills
Ability to coordinate multiple projects and satisfy deadlines
Detail-oriented with strong organizational and time management skills required

Nice To Haves

Digital infrastructure asset class experience a plus.
Digital infrastructure asset class experience a plus.
FINRA Licensing (Series 79 and/or 7 and 63) preferred

Responsibilities

Work with the ABS group’s senior professionals to assist in originating and leading the execution of non-mortgage asset-backed securitization loan (“ABSL”) transactions across a variety of consumer and commercial asset classes. Digital infrastructure asset class experience a plus.
Prepare and present concise credit underwriting memos for ABSL transactions, including organizing client and asset class diligence, coordinate legal doc review with counsel, organize cash flow modelling and rating analysis, and organize communication with internal approval constituents.
Review and comment on legal documents for ABSL transactions backed by various traditional and new asset classes
Perform research and analysis on Term ABS transactions and assist with execution of underwriting roles on Term ABS deals. Digital infrastructure asset class experience a plus.
Contribute to the development of pitch materials and structuring / execution advice to clients for Term ABS and ABSL transactions
Manage process required for execution of material ABSL transaction amendments and participate in ABSL portfolio reviews and credit meetings.
Present internal business and credit partners a summary of client’s business, the transaction structure, key risks and cash flow stress scenarios
Build and maintain strong working relationships with credit and portfolio management partners as well as related sector focused investment banking colleagues.
Establish relationship and work with external parties including clients, lawyers, and rating agencies