Structured Credit - Securitization Underwriter Job at Citi (New York)

Job Description

Citi is looking for a Securitization Credit Underwriter at the Assistant Vice President level to join the Institutional Credit Management (ICM) Asset-Backed Securities (ABS) Credit Underwriting team. In this role, you will support the underwriting of a multi-billion-dollar portfolio of asset securitization transactions financed primarily through the asset-backed commercial paper market, working across auto, credit card, and unsecured consumer loan asset types. You will play a meaningful role in the full credit lifecycle, from initial deal screening through to post-closing portfolio management, partnering closely with senior Underwriters and the Origination team to assess risk and deliver sound credit decisions.

Job Responsibility

Partner with the Origination team to pre-screen new deal opportunities, conduct initial collateral analysis, and prepare preliminary financial assessments to support deal approval decisions
Participate in due diligence sessions, documenting client and industry performance, financial trends, and collateral characteristics to inform credit recommendations
Draft credit approval memoranda for senior Underwriter review and manage submission through internal approval workflows and risk governance processes
Assess servicer reports for collateral eligibility, covenant compliance, and Borrowing Base coverage, identifying and escalating signs of deteriorating asset performance
Validate Borrowing Base models for new transactions and subsequent amendments, ensuring accuracy and consistency across internal systems and databases
Propose internal risk ratings, maintain scorecard updates, and monitor facility limits to ensure ongoing compliance with credit and institutional guidelines
Prepare and present Quarterly Portfolio Reviews to business management and Risk stakeholders, synthesizing portfolio trends and key credit findings
Coordinate with senior Underwriters and Audit management on audit scope, review timelines, and the resolution of exceptions identified through servicer audits

Requirements

Credit experience within a financial institution, rating agency, financial guarantor, or asset management firm, with direct exposure to structured finance or securitization
Ability to work independently within a collaborative team environment, manage competing priorities, and proactively escalate credit or operational risks as needed
Advanced proficiency in Microsoft Excel and PowerPoint, with the ability to build, validate, and interpret financial models and structured data outputs
Strong written and verbal communication skills, with the ability to clearly convey credit analysis and risk findings to stakeholders at all levels
High attention to detail combined with a strong sense of ownership, enabling accurate and timely delivery across multiple workstreams
Bachelor's degree or equivalent experience in a quantitative discipline such as Economics, Finance, Engineering, Mathematics, or Operations Research

Nice to have

Five to eight years of direct experience in Consumer ABS or securitization, with familiarity across asset types such as auto loans, credit cards, or unsecured consumer receivables
Prior involvement in credit risk management within the financial services industry, including experience applying risk frameworks to structured lending or capital markets transactions
Demonstrated ability to synthesize complex financial data, prioritize effectively under time pressure, and deliver results in a fast-paced, deal-driven environment

What we offer

Hybrid working arrangement with 3 days in the office and 2 days working remotely
Direct exposure to a multi-billion-dollar securitization portfolio
Access to structured learning and development programmes
Competitive compensation and financial wellbeing benefits
Wellbeing and work-life balance support
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

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Structured Credit - Securitization Underwriter

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