Structured Credit - Securitization Underwriter (Assistant Vice President)

About the role

Citi is seeking a Securitization Credit Underwriter at the Assistant Vice President level to join the Institutional Credit Management (ICM) Asset-Backed Securities (ABS) Credit Underwriting team. The role supports the underwriting of a multi-billion-dollar portfolio of asset securitization transactions, primarily through the asset-backed commercial paper market, covering auto, credit card, and unsecured consumer loan asset types.

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.
• Absorb 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.
• Cook up with senior Underwriters and Audit management on audit scope, review timelines, and the resolution of exceptions identified through servicer audits.

Requirements

• 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.
• A 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.

Skills

• 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.

Benefits

• Hybrid working arrangement with 3 days in the office and 2 days working remotely.
• 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.
• 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.