Structured Credit - Securitization Underwriter (Assistant Vice President)

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. - 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 growt…