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- Tasks: Manage a multi-billion dollar portfolio and assess credit risks in structured finance.
- Company: Join Citi, a leading global bank committed to diversity and inclusion.
- Benefits: Enjoy competitive pay, remote work options, and a vibrant corporate culture.
- Why this job: Gain hands-on experience in a dynamic environment while making impactful financial decisions.
- Qualifications: 5+ years in credit or portfolio management; strong analytical skills required.
- Other info: Opportunity for career growth and potential Senior Credit Officer designation.
The predicted salary is between 72000 - 108000 £ per year.
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).
The candidate will:
- 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.
Qualification and Experience
The candidate should have:
- 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.
Structured Products ICM Underwriting - VP employer: Citigroup Inc.
Contact Detail:
Citigroup Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Structured Products ICM Underwriting - VP
✨Tip Number 1
Familiarise yourself with the latest trends in structured finance and securitisation. Understanding current market conditions and emerging asset classes will not only enhance your knowledge but also demonstrate your commitment to the field during interviews.
✨Tip Number 2
Network with professionals in the credit management and structured products space. Attend industry events, webinars, or join relevant online forums to connect with potential colleagues and learn about unadvertised opportunities.
✨Tip Number 3
Brush up on your analytical skills, particularly in credit risk assessment and portfolio management. Being able to discuss specific methodologies or tools you’ve used in past roles can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with compliance and regulatory requirements in credit management. Highlighting your understanding of these aspects will show that you are well-equipped to handle the responsibilities of the role.
We think you need these skills to ace Structured Products ICM Underwriting - VP
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit, portfolio management, or structured finance. Emphasise any specific projects or roles that align with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your interest in structured products and credit analysis. Mention your experience with asset securitization transactions and how it relates to the role. Be sure to convey your analytical skills and attention to detail.
Highlight Relevant Skills: In your application, clearly outline your strong Microsoft Office skills and any modelling experience. Discuss your ability to identify and mitigate credit risks, as well as your experience with compliance and regulatory processes.
Showcase Communication Skills: Since the role requires effective communication with various stakeholders, include examples of how you've successfully interacted with internal and external parties in previous roles. This could be through presentations, reports, or collaborative projects.
How to prepare for a job interview at Citigroup Inc.
✨Know Your Structured Products
Make sure you have a solid understanding of structured products and asset securitisation. Brush up on the different asset classes mentioned in the job description, such as auto loans and credit cards, so you can speak confidently about them during the interview.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical and decision-making capabilities. Be ready to discuss past experiences where you've identified and solved complex problems, particularly in credit risk and underwriting scenarios.
✨Familiarise Yourself with Compliance
Since compliance is a key part of the role, review the relevant regulations and compliance processes related to credit management. Being able to discuss how you ensure adherence to these standards will impress your interviewers.
✨Prepare Questions for Them
Have insightful questions ready for your interviewers. This shows your genuine interest in the role and the company. Ask about their approach to risk management or how they handle portfolio performance monitoring.
