Vice President-ABS Due Diligence

SitusAMC•New York, NY

57d•Onsite

About The Position

SitusAMC is seeking a Vice President for their Securitized Products Due Diligence team, based in New York City. The successful candidate will lead due diligence activities for asset-based financing facilities, warehouse lending transactions, portfolio acquisitions, and securitizations across consumer and specialty finance asset classes. This role involves evaluating collateral quality, reviewing operational and compliance controls, assessing third-party diligence reports, and providing risk assessments throughout the transaction lifecycle. The position requires significant interaction with various stakeholders including originators, servicers, lenders, auditors, and legal counsel.

Requirements

6+ years of experience in due diligence, structured finance, ABS, asset-based financing, collateral risk management, or related fields.
Strong experience reviewing AUP reports, operational audits, collateral examinations, and third-party diligence reviews.
Experience evaluating borrowing bases, collateral eligibility criteria, asset verification testing, and financing covenant compliance.
Strong understanding of consumer lending products and ABS asset classes, including personal loans, point-of-sale loans, home improvement loans, solar loans, auto finance, and specialty finance assets.
Experience assessing underwriting, servicing, collections, compliance, and operational controls.
Ability to analyze large datasets and identify material collateral, operational, and regulatory risks.
Strong written and verbal communication skills, including the ability to present findings to senior management and transaction stakeholders.
Highly organized with strong attention to detail and project management skills.

Nice To Haves

Experience supporting asset-based financing facilities and ongoing collateral monitoring programs.
Familiarity with collateral field examinations, portfolio audits, and financing surveillance.
Experience interacting with rating agencies, lenders, auditors, and third-party diligence firms.
RMBS due diligence, mortgage servicing, or securitization experience is a plus.
Experience across multiple ABS asset classes preferred.

Responsibilities

Lead due diligence reviews for asset-based financing facilities, warehouse lending transactions, portfolio acquisitions, and securitizations.
Review and assess third-party Agreed-Upon Procedures (AUP) reports, audit reports, collateral examinations, and verification testing.
Evaluate collateral eligibility, ownership, perfection, borrowing base methodologies, concentration limits, and advance rate assumptions.
Perform detailed reviews of borrowing base certificates, collateral tapes, performance data, and reporting packages.
Assess operational, servicing, underwriting, collections, and compliance controls of originators and servicers.
Identify collateral, operational, regulatory, and reporting risks and provide recommendations to mitigate identified issues.
Coordinate with originators, servicers, auditors, consultants, and legal counsel to resolve diligence findings and obtain required documentation.
Prepare and present due diligence reports, key findings, and risk assessments to banking, trading, financing, and risk management teams.
Monitor existing financing facilities for covenant compliance, collateral performance, and emerging risks.
Maintain expertise in structured finance documentation, financing agreements, servicing agreements, securitization documents, and market practices.