Discover your future at Citi
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Job Overview
Asset-Backed Securitization & Financing (“ABS&F”) structures and executes Asset-Backed Securitizations (ABS) and lending facilities across a wide range of consumer and commercial asset classes. This role would be focused on industrial transportation assets (aviation, rail, shipping, and containers), digital infrastructure and other esoteric asset classes.
ABS&F offers our clients the ability to monetize stable, recurring asset cash flows through bankruptcy-remote vehicles. Transactions are executed both in the capital markets (where Citi places the financings with institutional investors) and lending facilities funded through Citi’s commercial paper conduits and balance sheet.
ABS&F offers a unique perspective as an underwriter of capital markets transactions, as well as credit analyst for lending transactions. ABS&F also advises clients on balance sheet management, transaction execution and often provides secured financing and advice in conjunction with event driven transactions including M&As and restructurings.
Our clients include leading captive and independent financial companies, banks, and corporates – both in the US and abroad. Our group regularly collaborates with analytics, trading, sales, syndicate, derivatives, corporate banking and investment banking professionals across the organization. Members of our securitization team are located in various cities around the world including New York, Hong Kong, London and Sydney.
Citi is a market leader in both traditional and non-traditional ABS asset classes and is consistently a top ranked practitioner in the market.
Vice President Role:
Our group typically works in small transaction teams (2-4 team members) and seeks a high level of participation and collaboration from all members.
Vice President Responsibilities and Opportunities:
Will work in deal teams to structure and originate transactions for our clients and will be responsible to:
Develop rating agency materials and presentations to support the transaction’s ratings
Review structuring models and prepare transaction analytics
Work with transaction parties (issuer, lawyers and accountants) to develop offering documents
Develop materials for the sales and syndication process
Respond to investor inquiries and aggregate investor feedback
Coordinate meetings and execute administrative requirements
In a lending capacity, will be responsible to:
Review performance and risk of assets
Assess pricing and benchmark to comparable transactions
Analyze risk-weighted returns and regulatory capital
Work with colleagues to develop credit materials and facilitate the approval process
Facilitate transaction execution with our operations team
Monitor transactions on an ongoing basis
Work to prepare ABS market update materials and pitch books for current and prospective clients
Participate in client discussions
Collaborate with senior ABS bankers and other internal parties on regular way and strategic transactions
Analyze market trends and relative value of ABS products
Develop advanced Excel, PowerPoint and ABS modelling skills
Key Skills & Experience:
Detail-oriented, organized and able to work as part of a team
Excellent written and verbal communication skills
Strong quantitative skills; familiarity with Microsoft Excel required
Deep understanding of market dynamics, including the drivers of spread movements and investor sentiment, as well as invaluable technical skills
7+ years of relevant experience
Bachelor’s degree in finance or closely related areas of Business Administration Master's degree in Business Administration preferred
Experience in evaluating financing transactions and structures
Experience creating financial analyses
Ability to work with teams and track business development (collect research, analyze industry trends)
Series 79, 7 and 63 licenses (can be obtained upon hire)
Education:
Bachelor’s degree/University degree or equivalent experience
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Institutional Banking------------------------------------------------------
Job Family:
Investment Banking------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
New York New York United States------------------------------------------------------
Primary Location Full Time Salary Range:
$175,000.00 - $250,000.00
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.
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Most Relevant Skills
Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Anticipated Posting Close Date:
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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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