Citi is looking for a Securitization Credit Underwriter at the Assistant Vice President level to join the Institutional Credit Management (ICM) Asset-Backed Securities (ABS) Credit Underwriting team. In this role, you will support the underwriting of a multi-billion-dollar portfolio of asset securitization transactions financed primarily through the asset-backed commercial paper market, working across auto, credit card, and unsecured consumer loan asset types. You will play a meaningful role in the full credit lifecycle, from initial deal screening through to post-closing portfolio management, partnering closely with senior Underwriters and the Origination team to assess risk and deliver sound credit decisions.
Responsibilities
Partner with the Origination team to pre-screen new deal opportunities, conduct initial collateral analysis, and prepare preliminary financial assessments to support deal approval decisions.
Participate in due diligence sessions, documenting client and industry performance, financial trends, and collateral characteristics to inform credit recommendations.
Draft credit approval memoranda for senior Underwriter review and manage submission through internal approval workflows and risk governance processes.
Assess servicer reports for collateral eligibility, covenant compliance, and Borrowing Base coverage, identifying and escalating signs of deteriorating asset performance.
Validate Borrowing Base models for new transactions and subsequent amendments, ensuring accuracy and consistency across internal systems and databases.
Propose internal risk ratings, maintain scorecard updates, and monitor facility limits to ensure ongoing compliance with credit and institutional guidelines.
Prepare and present Quarterly Portfolio Reviews to business management and Risk stakeholders, synthesizing portfolio trends and key credit findings.
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Coordinate with senior Underwriters and Audit management on audit scope, review timelines, and the resolution of exceptions identified through servicer audits.
Required Qualifications & Skills
Credit experience within a financial institution, rating agency, financial guarantor, or asset management firm, with direct exposure to structured finance or securitization.
Ability to work independently within a collaborative team environment, manage competing priorities, and proactively escalate credit or operational risks as needed.
Advanced proficiency in Microsoft Excel and PowerPoint, with the ability to build, validate, and interpret financial models and structured data outputs.
Strong written and verbal communication skills, with the ability to clearly convey credit analysis and risk findings to stakeholders at all levels.
High attention to detail combined with a strong sense of ownership, enabling accurate and timely delivery across multiple workstreams.
Bachelor's degree or equivalent experience in a quantitative discipline such as Economics, Finance, Engineering, Mathematics, or Operations Research.
Beneficial Skills & Qualifications
Five to eight years of direct experience in Consumer ABS or securitization, with familiarity across asset types such as auto loans, credit cards, or unsecured consumer receivables.
Prior involvement in credit risk management within the financial services industry, including experience applying risk frameworks to structured lending or capital markets transactions.
Demonstrated ability to synthesize complex financial data, prioritize effectively under time pressure, and deliver results in a fast-paced, deal-driven environment.
What We Offer
Joining Citi's ICM ABS Credit Underwriting team means working at the center of one of the world's leading financial institutions, with direct exposure to complex, high-value securitization transactions and a team of experienced professionals who are invested in your development. We offer a hybrid working model and a range of benefits designed to support your professional growth and personal wellbeing.
Hybrid working arrangement with 3 days in the office and 2 days working remotely, supporting both team collaboration and individual flexibility.
Direct exposure to a multi-billion-dollar securitization portfolio, offering meaningful deal experience and accelerated professional development at the AVP level.
Access to structured learning and development programmes to build technical expertise and advance your career within structured credit and risk.
A performance-driven team environment where your analytical contributions directly influence credit decisions and portfolio outcomes.
Competitive compensation and financial wellbeing benefits, including access to Citi's broader employee benefits suite.
Wellbeing and work-life balance support through Citi's global employee wellbeing programmes and resources.
Apply now to bring your securitization credit expertise to one of the most active ABS underwriting platforms in global financial services and accelerate your career with Citi's Institutional Credit Management team.
Full time ------------------------------------------------------
Primary Location:
New York New York United States ------------------------------------------------------
Primary Location Full Time Salary Range:
$109,120.00 - $163,680.00
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.
We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
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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