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Structured Products ICM Underwriting - VP

https://www.citi.com/ Logo

Citi

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Location:
United Kingdom, London

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Category:
Finance

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Contract Type:
Not provided

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Salary:

Not provided

Job Description:

The candidate will hold a critical role within the Structured Products Financing and Securitization EMEA Institutional Credit Management (ICM) Underwriting group administering a multi-billion dollar portfolio of asset securitization transactions financed primarily through the asset-backed commercial paper market. The candidate will gain experience across multiple products within the portfolio, which consists of various securitized asset classes (including auto, credit card, unsecured consumer loans, middle market and mortgage loans).

Job Responsibility:

  • Prepare credit approval (transaction and/or annual review) and quarterly memos for initial transactions
  • assist in facility renewals, due diligence and required processes for new deals
  • Monitor the ongoing compliance of assigned deals with the documented financing terms and conditions, portfolio performance and financial triggers and make appropriate recommendations with the aim of identifying and mitigating credit risks
  • Assist with classification and risk rating processes, decisions and monitoring
  • Review servicer reports for accuracy, investigate unusual data trends, identify deteriorating asset performance, and keep abreast of industry and market trends and customer-specific events
  • Assist with special projects including stress testing, portfolio concentration analysis, internal audit/FCR, Risk Rating processes, Credit Policies and Credit Programs across product groups
  • Play a supportive role in transaction restructuring, amendment, consent and waiver request with recommendation to Origination, Senior Credit Officer, and Independent Risk via Approval Memorandum
  • Assist in analysis and reporting of Basel parameters
  • Maintain organized credit files for credit, regulatory, and compliance purposes
  • Perform quality control of the approval memos to ensure accuracy and completeness of input

Requirements:

  • 5+ years of credit, portfolio management or product experience (preferably in structured finance/securitization) in a financial institution, rating agency, financial guarantor, or asset management firm
  • A strong interest in structured products and credit analysis
  • Knowledge of loan (syndicated / bilateral) product and business, including an understanding of legal loan documentation, loan / funding mechanics, deal structure, funds flows, etc.
  • Credit risk and underwriting experience
  • On track for Senior Credit Officer designation is a plus
  • Strong Microsoft Office skills. Modeling experience is a plus
  • Developed analytical and decision-making capabilities including the ability to identify, escalate, and propose and execute solutions to complex problems
  • Strong attention to detail – the team will have responsibility for due diligence and documentation of transactions to ensure that all risk and business points are covered
  • Oral and written communications skills enabling the candidate to effectively interact with internal and external constituents of all levels
  • The ability to work independently to meet deadlines and initiate ideas with other members of the team, Front Office and Independent Risk to mitigate risk and maximize portfolio returns

Nice to have:

  • Modeling experience
  • On track for Senior Credit Officer designation
What we offer:

Global benefits package

Additional Information:

Job Posted:
May 10, 2025

Employment Type:
Fulltime
Work Type:
On-site work
Job Link Share:
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