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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: Citi values equal opportunity and encourages diverse applicants.
The predicted salary is between 43200 - 72000 £ 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.
Contact Detail:
Job Traffic 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 recent developments will not only help you in interviews but also demonstrate your genuine interest in the field.
✨Tip Number 2
Network with professionals already working in structured products or credit management. Attend industry events or join relevant online forums to connect with potential colleagues and learn from their experiences.
✨Tip Number 3
Brush up on your analytical skills, especially in relation to credit risk assessment and portfolio management. Being able to discuss specific methodologies or tools you've used in past roles can set you apart during discussions.
✨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're 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. Use specific examples that demonstrate your analytical skills and attention to detail, as these are crucial for the role.
Craft a Compelling Cover Letter: In your cover letter, express your strong interest in structured products and credit analysis. Mention any relevant projects or experiences that align with the responsibilities outlined in the job description, such as monitoring compliance or conducting due diligence.
Highlight Technical Skills: Emphasise your proficiency in Microsoft Office and any modelling experience you have. Given the technical nature of the role, showcasing these skills will help you stand out as a candidate.
Showcase Communication Skills: Since the role requires effective interaction with various stakeholders, provide examples in your application that demonstrate your oral and written communication skills. This could include presentations, reports, or collaborative projects you've worked on.
How to prepare for a job interview at Job Traffic
✨Know Your Structured Products
Make sure you have a solid understanding of structured products and asset securitisation. Be prepared to discuss various asset classes, such as auto loans and credit cards, and how they fit into the broader portfolio. This will show your genuine interest and expertise in the field.
✨Demonstrate Analytical Skills
Highlight your analytical capabilities during the interview. Be ready to provide examples of how you've identified and mitigated credit risks in past roles. Discuss any experience with stress testing or portfolio concentration analysis to showcase your problem-solving skills.
✨Prepare for Technical Questions
Expect technical questions related to credit risk, underwriting processes, and loan documentation. Brush up on your knowledge of legal loan documentation and funding mechanics, as these are crucial for the role. Being well-prepared will help you answer confidently.
✨Showcase Communication Skills
Since the role involves interaction with various stakeholders, demonstrate your oral and written communication skills. Prepare to discuss how you've effectively communicated complex information in previous roles, and be ready to articulate your thoughts clearly during the interview.
