Apply on Employer Site

Citi · 3 months ago

Institutional Credit Management - Credit Underwriting Associate – Assistant Vice President

New York New York United States

Full-time

Hybrid

Mid, Senior Level

$109K/yr - $164K/yr

5+ years exp

Citi is a global financial services company, and they are seeking an Associate for their Institutional Credit Management Credit Underwriting team. The role involves supporting senior Underwriters in the underwriting of asset securitization transactions and conducting various analyses to ensure compliance with institutional guidelines.

BankingFinanceFinancial Services

H1B Sponsor Likely

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 the accuracy/completeness of 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

Qualification

Credit experienceFinancial analysisExcel proficiencyPowerPoint proficiencyCredit risk managementAnalytical skillsOral communicationWritten communicationInterpersonal skillsOrganizational skills

Required

Credit experience (preferably in structured finance/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

5+ years relevant experience

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

Bachelor's Degree in Quantitative Fields such as Economics, Engineering, Operations Research, Business Finance, or Mathematics or equivalent experience

Benefits

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Wellness programs

Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

Company

Citi

Glassdoor3.8

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Founded in 1812

San Antonio, Texas, USA

10001+ employees

https://www.citi.com

H1B Sponsorship

Citi has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (1386)

2024 (849)

2023 (1375)

2022 (1117)

2021 (876)

2020 (901)