Asset-Backed Securitization & Financing (“ABS&F”; Associate

Position: Asset-Backed Securitization & Financing (“ABS&F”) - Associate - NEW YORK
Location: New York

Job d:

Location:

New York, New York, United States Salary: $ - $Category:
Banking & International Company:
Citi

Job Description Asset-Backed Securitization & Financing (“ABS&F”) structures and executes Asset-Backed Securitizations (ABS) and lending facilities across a wide range of consumer and commercial asset classes including automobile and equipment loans, leases, and floorplan, consumer and commercial credit cards, industrial transportation assets (aviation, rail and containers), student loans, personal loans, SME loans, solar loan and leases, home improvement loans, handset receivables, digital infrastructure and other esoteric asset classes.

ABS&F offers our clients the ability to monetize stable, recurring asset cash flows through bankruptcy-remote vehicles.  Transactions are executed both in the capital markets (where Citi places the financings with institutional investors) and lending facilities funded through Citi’s commercial paper conduits and balance sheet.

ABS&F offers a unique perspective as an underwriter of capital markets transactions, as well as credit analyst for lending transactions.  ABS&F also advises clients on balance sheet management, transaction execution and often provides secured financing and advice in conjunction with event driven transactions including M&As and restructurings.

Our clients include leading captive and independent financial companies, banks, and corporates – both in the US and abroad. Our group regularly collaborates with analytics, trading, sales, syndicate, derivatives, corporate banking and investment banking professionals across the organization. Members of our securitization team are located in various cities around the world including New York, Hong Kong, London and Sydney.

Citi is a market leader in both traditional and non-traditional ABS asset classes and is consistently a top ranked practitioner in the market.

Associate Role:

Our group typically works in small transaction teams (2-4 team members) and seeks a high level of participation and collaboration from all members.

Responsibilities and Opportunities:

Learn about fixed income markets, corporate capital structures and securitization markets Associates will work in deal teams to structure and originate transactions for our clients and will be responsible to:

Develop rating agency materials and presentations to support the transaction’s ratings

Review structuring models and prepare transaction analytics

Work with transaction parties (issuer, lawyers and accountants) to develop offering documents

Develop materials for the sales and syndication process

Respond to investor inquiries and aggregate investor feedback

Coordinate meetings and execute administrative requirements

In a lending capacity Associates will be responsible to:

Review performance and risk of assets

Assess pricing and benchmark to comparable transactions

Analyze risk-weighted returns and regulatory capital

Work with colleagues to develop credit materials and facilitate the approval process

Facilitate transaction execution with our operations team Monitor transactions on an ongoing basis

Associates will work to prepare ABS market update materials and pitch books for current and prospective clients

Participate in client discussions

Collaborate with senior ABS bankers and other internal parties on regular way and strategic transactions

Analyze market trends and relative value of ABS products

Develop advanced Excel, PowerPoint and ABS modelling skills

Key

Skills & Experience:

Detail-oriented, organized and able to work as part of a team Excellent written and verbal communication skills

Strong quantitative skills; familiarity with Microsoft Excel required

Associates in the group will gain a deep understanding of market dynamics, including the…