Citi Group Credit Underwriting Associate Asset Backed Securities - AVP 

United States, New York, New York 

195261609

The Credit Underwriting Associate - AVP is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. Involved in coaching and training of new recruits Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual.

Responsibilities:

• Work proactively with the Origination team on pre-screening of new deal opportunities, initial collateral analysis, preliminary financial analysis, and preparation of “greenlight” memoranda.

• Participate in due diligence sessions and document client/industry performance, financial trends, and collateral characteristics.

• Propose internal risk ratings, update applicable scorecards, monitor limits, oversee data accuracy to ensure compliance with business and institutional guidelines.

• Prepare drafts of credit approval memos for review by senior Underwriters and submit for approval by Risk constituents via internal processes and system workflows.

• Review servicer reports for collateral eligibility, covenant compliance, data integrity and Borrowing Base coverage. Note deteriorating asset performance. Keep abreast of asset industry and market trends and borrower-specific events.

• Provide the Origination team with requested historical asset performance data and other ad hoc credit related requests.

• Validate Borrowing Base model for each new deal and subsequent changes.

• Act as maker/checker for various internal databases; oversee theaccuracy/completenessof pertinent data and ensure changes to the facilities are reflected uniformly across internal systems.

• Play an integral role in the credit approval process for deal post-closing amendment, consent and waiver requests.

• Coordinate with the Audit manager and senior Underwriters on audit related matters (e.g., scope revisions, timely review); support senior Underwriters to follow up, negotiate and implement remedial actions with servicers for any major exceptions noted in the audits.

• Maintain organized credit files for credit, regulatory, and compliance purposes.

• Prepare and present Quarterly Portfolio Reviews to business management and Risk.

Qualifications:

• Credit experience (preferably in structuredfinance/securitization)within a financial institution, rating agency, financial guarantor, or asset management firm.

• Proficiency in Excel & Power Point.

• Oral and written communications skills enabling one to effectively interact with internal and external constituents of all levels. Strong attention to detail. Keen sense of ownership; diligence; ability to multi-task; eagerness to learn and advance.

• The ability to work independently within a team environment to meet deadlines and the initiative to inquire/escalate with other members of the Underwriting or Origination team to mitigate credit and operational risks.

Additional Qualifications:

• 3-6 years relevant experience

• Degree in Quantitative Fields such as Economics, Engineering, Operations Research, Business Finance, or Mathematics.

• Previous experience in credit risk management or equivalent training and experience preferably in the financial services industry.

• Ability to apply credit and risk principles toward business goals.

• Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency.

• Must be highly organized and able to work in a fast-paced environment managing multiple projects and possess effective.

• Interpersonal, organizational and analytic skills.

• degree or equivalent experience

Anticipated Posting Close Date:

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