Credit Underwriting Associate, Citi

Citi

Location:
United States, New York

Category:
Finance

Contract Type:
Employment contract

Salary:

109120.00 - 163680.00 USD / Year

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Job Description:

The Associate within Citi’s Institutional Credit Management (“ICM”) Credit Underwriting ABS team works with senior Underwriters and the ABS business team in the underwriting of a multi-billion-dollar portfolio of asset securitization transactions financed primarily through the asset-backed commercial paper market. The role includes responsibilities such as pre-screening new deals, collateral analysis, risk assessment, and credit memo preparation.

Job Responsibility:

Work proactively with the Origination team on pre-screening of new deal opportunities, initial collateral analysis, preliminary financial analysis, and preparation of “greenlight” memoranda
Participate in due diligence sessions and document client/industry performance, financial trends, and collateral characteristics
Propose internal risk ratings, update applicable scorecards, monitor limits, oversee data accuracy to ensure compliance with business and institutional guidelines
Prepare drafts of credit approval memos for review by senior Underwriters and submit for approval by Risk constituents via internal processes and system workflows
Review servicer reports for collateral eligibility, covenant compliance, data integrity and Borrowing Base coverage
Note deteriorating asset performance
Keep abreast of asset industry and market trends and borrower-specific events
Provide the Origination team with requested historical asset performance data and other ad hoc credit related requests
Validate Borrowing Base model for each new deal and subsequent changes
Act as maker/checker for various internal databases
oversee the accuracy/completeness of pertinent data and ensure changes to the facilities are reflected uniformly across internal systems
Play an integral role in the credit approval process for deal post-closing amendment, consent and waiver requests
Coordinate with the Audit manager and senior Underwriters on audit related matters (e.g., scope revisions, timely review)
support senior Underwriters to follow up, negotiate and implement remedial actions with servicers for any major exceptions noted in the audits
Maintain organized credit files for credit, regulatory, and compliance purposes
Prepare and present Quarterly Portfolio Reviews to business management and Risk

Requirements:

Credit experience (preferably in structured finance/securitization) within a financial institution, rating agency, financial guarantor, or asset management firm
Proficiency in Excel & Power Point
Oral and written communications skills enabling one to effectively interact with internal and external constituents of all levels
Strong attention to detail
Keen sense of ownership
diligence
ability to multi-task
eagerness to learn and advance
The ability to work independently within a team environment to meet deadlines and the initiative to inquire/escalate with other members of the Underwriting or Origination team to mitigate credit and operational risks
Previous experience in credit risk management or equivalent training and experience preferably in the financial services industry
Ability to apply credit and risk principles toward business goals
Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency
Must be highly organized and able to work in a fast-paced environment managing multiple projects and possess effective interpersonal, organizational and analytic skills
Bachelor’s Degree in Quantitative Fields such as Economics, Engineering, Operations Research, Business Finance, or Mathematics or equivalent experience

What we offer:

Medical, dental & vision coverage
401(k)
life, accident, and disability insurance
wellness programs
paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

Additional Information:

Job Posted:
September 25, 2025

Expiration:
September 30, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Credit Underwriting Associate

Citi

Location:United States, New York

Category:Finance

Contract Type:Employment contract