Structured Credit / Securitization Underwriter (Assistant Vice President)

Citi • New York, NY

17h

About The Position

Securitization Underwriter The Securitization Underwriter is a pivotal professional responsible for spearheading the underwriting and credit approvals of transactions within Credit Financing/Private Credit and Transportation Finance. This role is dedicated to structured credit and securitization-related credit facilities, demanding extensive product knowledge, profound corporate credit expertise, sharp commercial acumen, and the capability to meticulously review and assess legal documents. This position significantly contributes to the overall effectiveness of the ICM Organization, requiring astute judgment and unwavering discretion in all business situations. The Underwriter must adeptly manage complex deliverables, high volumes, and stringent timelines, all while ensuring strict adherence to internal policy and regulatory compliance. Furthermore, this role will involve active engagement in optimizing technology and enhancing operational efficiencies across the business.

Requirements

• 3 - 7 years of progressive credit analysis experience within a financial institution, coupled with demonstrated familiarity in regulatory, compliance, and policy environments.
• Proven analytical capabilities, including the ability to comprehensively assess the structural components of individual transactions, the quality of underlying pool assets, and asset managers' capabilities, strategies, underwriting approaches, portfolio management techniques, and track records.
• Demonstrated expertise in structured finance and securitization of Private Credit, Middle Market or Broadly Syndicated Loans, and Esoteric Asset-Backed assets (including Transportation). This includes the ability to effectively navigate complex and variable issues, weighing various alternatives and balancing potentially conflicting needs to develop optimal solutions.
• Exceptional organizational skills, meticulous attention to detail, and a proven ability to effectively prioritize tasks and consistently meet deadlines in a fast-paced, high-volume environment.
• Excellent interpersonal, written, and verbal communication skills, enabling effective engagement with diverse stakeholders.
• A proactive and autonomous work style, complemented by a strong ability to collaborate effectively within a team setting.
• Proficiency with standard business applications (e.g., Microsoft Excel, Word, PowerPoint).

Nice To Haves

• Master’s degree or CFA Charterholder certification preferred
• Experience or a strong interest in technology or operations/process enhancements, coupled with a keen interest in the deployment and application of new technologies, including Artificial Intelligence.

Responsibilities

• Credit Analysis & Risk Assessment: Proactively assess credit risk and other pertinent risk considerations in all business decisions, consistently prioritizing the firm's reputation and safeguarding Citigroup's clients and assets. This includes ensuring compliance with applicable laws, rules, and regulations; adhering to internal policies; applying sound ethical judgment; and transparently escalating, managing, and reporting control issues.
• Credit Underwriting: Collaborate with bankers to underwrite requests for both new and existing securitization facilities. Assume ownership of credit decisions and ensure full compliance with internal procedures, credit risk policy guidelines, and established standards.
• Due Diligence and Credit Memo Preparation: Conduct comprehensive due diligence and prepare detailed written credit memos for periodic monitoring, including annual reviews and quarterly updates on existing transactions. Memos must encompass a thorough analysis of business terms, structural elements, strengths, prevailing risk factors, asset types, and compliance with internal underwriting guidelines and applicable policies and procedures to formulate and inform final credit recommendations to Risk.
• Portfolio Monitoring: Execute ongoing, timely monitoring of individual transaction performance and overarching portfolio trends.
• Product, Market, and Industry Expertise: Continuously stay abreast of the latest research and developments within the industry, evolving product offerings, and rating agency criteria.
• Policy and Regulatory Adherence: Maintain up-to-date knowledge of and ensure rigorous compliance with Citibank Wholesale Credit Risk policies, standards, and procedures, as well as relevant regulatory policies, to ensure the business unit consistently achieves satisfactory ratings from internal and external auditors and reviewers.
• Process Improvement: Continuously identify opportunities for process improvements and efficiencies. Lead projects and initiatives aimed at enhancing operational effectiveness and collaborate effectively with the management team on the prioritization and implementation of approved actions.

Benefits

• In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding Citi employee benefits, please visit citibenefits.com.
• Available offerings may vary by jurisdiction, job level, and date of hire.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees