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Assistant Vice President, Structuring – Non-Agency Residential Mortgages

Citi · New York, NY · 2 mo ago
On-siteFinance$150k–$175k/yrFull-time

About the Role

Citigroup’s Non-Agency Residential Financing & Securitization Group (“Resi F&S”), a unit within Global Spread Products, is seeking a highly skilled and experienced Assistant Vice President of Structuring to join its team. The Resi F&S group provides debt facilities, securitization, and advisory services to institutional clients, handling non-agency assets such as seasoned performing, re-performing, and non-performing loans; new origination prime and near-prime loans; HELOC and closed-end second mortgages; mortgage servicing rights; credit risk transfer pools; small balance commercial (SBC) loans; and single-family rental (SFR) and residential transition loan assets.

Clients include well-capitalized non-bank originators, hedge funds, private equity funds, the GSEs, servicers, single-family operators, and REITs with expertise in originating, aggregating, and/or managing residential mortgage assets. The Assistant Vice President will assist with the execution, quantitative modeling, and cash-flow structuring for a wide range of Non-Agency RMBS transactions, both for third-party clients and for Citi’s principal CMLTI business.

Responsibilities

  • Assist in the end-to-end structuring process, from initial pitch through closing, for Non-Agency RMBS transactions.
  • Create, modify, and reverse engineer complex cash flow waterfalls, ensuring accurate structural mechanics (e.g., sequential/pro rata pay, shifting interest, deal triggers, and various credit enhancement mechanics).
  • Use Intex Deal Maker to construct deal models from scratch and run stress testing and scenario analysis (CPR/CDR/severity grids).
  • Work with the structuring and banking team to manage the rating agency process, providing and defending structural assumptions and cash flows.
  • Coordinate offering documents to ensure legal documentation aligns with structural outputs.
  • Assess risk in business decisions, demonstrating consideration for the firm’s reputation and compliance with applicable laws, rules, and regulations.
  • Apply sound ethical judgment regarding personal behavior, conduct, and business practices, and escalate, manage, and report control issues transparently.

Requirements

  • Minimum of 2 years of relevant experience in structured finance.
  • Bachelor’s degree in a quantitative or financial discipline (Finance, Economics, Engineering, or Mathematics). An advanced degree (MBA or MS) or CFA charter is a plus.
  • Advanced proficiency in Intex Deal Maker is required.
  • Deep understanding of Rating Agency methodologies.
  • Demonstrated problem-solving and organizational skills.
  • Clear and concise written and verbal communication skills.
  • Ability to work with teams and track business development (collect research, analyze industry and pricing trends).
  • Series 7, 79, and 63 licenses.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Pay

Full-time salary range: $150,000.00 - $175,000.00. In addition to salary, Citi’s offerings may include discretionary and formulaic incentive and retention awards for eligible employees.

Benefits

  • Medical, dental, and vision coverage.
  • 401(k) retirement plan.
  • Life, accident, and disability insurance.
  • Wellness programs.
  • Paid time off, including vacation, sick leave, and holidays.

Available offerings may vary by jurisdiction, job level, and date of hire.

Schedule

Full time.

Location

New York, New York, United States.

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