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Vice President/Director, Municipal Prepay Structuring – lead municipal gas & power transaction structuring at Citi.
Develop structural enhancements, align with legal and compliance, and drive responsible finance governance.
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Job Overview
Citi’s Spread Products is seeking an experienced Vice President or Director to join its Structuring business, with focus on municipal natural gas and power prepayment transactions (“Municipal Prepays”) in addition to other structured credit initiatives.
Responsibilities
The Muni Prepay Structurer will hold a key role in originating, structuring and executing Municipal Prepay transactions, with Citi acting as prepaid supplier, commodity upstream supplier and/or funding recipient
Lead origination efforts with municipal and industrial commodity participants and external funding recipients
Develop structural enhancements to adapt to changing market dynamics, will involve working with all internal control functions (Including Legal, Compliance, Market and Credit Risk, Treasury, Tax, etc.) to obtain necessary approvals
Work in close partnership with control functions and external counterparties to ensure appropriate governance, compliance and control infrastructure with each execution (includes entity creation and compliance, licensing, reporting, etc.)
Work on other new product initiatives within Spread Products Structuring, including bespoke client financings, secured funding and risk defeasance transactions
Build a culture of responsible finance, good governance and supervision, expense discipline and ethics
Appropriately assess risk/reward of transactions when making business decisions; and ensure that all team members understand the need to do the same, demonstrating proper consideration for the firm’s reputation.
Be familiar with and adhere to Citi’s Code of Conduct and the Plan of Supervision for Global Markets and Securities Services; and ensure that all team members understand the need to do the same
Adhere to all policies and procedures as defined by your role which will be communicated to you
Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Recommended Qualifications
6-12 years structuring experience from a financial institution, particularly in the municipal prepay sector
Demonstrated quantitative and analytical skills
Consistently demonstrates clear and concise written and verbal communication skills
Understanding of municipal prepay landscape, including interested funding recipients, industrial participants
Ability to travel up to 25% of the time to attend client meetings and industry conferences
Education
Bachelor’s/University degree, Master’s degree preferred
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Job Family Group
Institutional Trading
Job Family
Structuring
Time Type
Full time
Primary Location
New York New York United States
Primary Location Full Time Salary Range
$200,000.00 - $300,000.00 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.
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
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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