Managing Director Asset-Backed Securitization

Citizens•Stamford, CT

8h•$300,000 - $400,000

About The Position

Citizens is seeking an experienced Managing Director to join the Asset-Backed Securitization (ABS) group within the Structured Products department in the Capital Markets division. The role works with the Stamford, Connecticut-based ABS team on non-mortgage securitization transactions, including originating securitization loan facilities and winning Term ABS mandates. The Managing Director reports to the Head of ABS. The position involves originating and developing client relationships, advising clients on Term ABS and ABSL transaction structuring and execution, and collaborating with the Structured Products distribution desk to originate and win lead-managed business. It also manages and oversees transaction execution, amendments, due diligence, portfolio reviews, and credit meetings. The Managing Director builds relationships with internal credit, portfolio management, and investment banking colleagues, as well as external clients, lawyers, and rating agencies, and mentors associates and analysts. The role is scheduled for 40 or more hours per week, Monday through Friday. The stated annual salary range is $300,000 to $400,000, with an opportunity to earn an annual discretionary bonus. Actual pay may depend on factors including budget, work location, and relevant skills and experience.

Requirements

10+ years of securitization lending and Term ABS experience at a commercial or investment bank.
Advanced analytical, securitization structuring, underwriting, credit, ABS distribution, and presentation skills.
Demonstrated success originating and leading Term ABS transactions backed by traditional and esoteric assets.
Experience reviewing, negotiating, and summarizing deal documentation.
Detail-oriented, with excellent verbal and written communication skills.
Ability to coordinate multiple projects and meet deadlines.
Strong PC proficiency, including Microsoft Office applications (Excel, Word, and PowerPoint), Bloomberg, and credit research tools.
Bachelor’s degree in Business, Finance, Accounting, or Economics.

Nice To Haves

FINRA licensing (Series 79 and/or Series 7 and Series 63) is preferred.

Responsibilities

Originate new client relationships and enhance coverage of selected existing relationships.
Develop and deliver client pitch materials; provide structuring and execution advice for Term ABS and ABSL transactions; and collaborate with the Structured Products distribution desk to originate and win lead-managed business.
Manage execution of non-mortgage ABSL transactions across consumer and commercial asset classes.
Oversee execution of material ABSL transaction amendments and participate in ABSL due diligence, portfolio reviews, and credit meetings.
Build and maintain strong working relationships with credit and portfolio management partners and sector-focused investment banking colleagues.
Establish relationships and work with external parties, including clients, lawyers, and rating agencies.
Mentor and develop associates and analysts.

Benefits

Competitive pay and an opportunity to earn an annual discretionary bonus.
Comprehensive medical coverage.
Dental coverage.
Vision coverage.
Retirement benefits.
Maternity and paternity leave.
Flexible work arrangements.
Education reimbursement.
Wellness programs.
Paid time off policy exceeding the mandatory paid sick or paid time-away policy of many local and state jurisdictions in the United States.