AVP - Structured Credit (ABS) Underwriter

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We’re currently looking for a high caliber professional to join our team as AVP - Structured Credit (ABS) Underwriter (Internal Job Title: Credit Officer - C12) based in Mumbai, India.  Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.  For instance:

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The AVP position will hold a key role within the Real Estate & Structured Credit Underwriting (RESCU) team administering portfolio of asset securitization transactions. Underwriter should be strategic professional who stays abreast of developments within own field and contributes to directional credit strategies by considering their application in the underwriting of private credit transactions and the credit financing business. The role pertains to Asset Backed Securities (ABS) related credit facilities and requires extensive product knowledge, deep corporate credit expertise, sharp commercial acumen, and ability to review/ assess legal documents thoughtfully. The role impacts the overall effectiveness of the ICM Organization and requires good judgement and ongoing discretion in all business situations. The Underwriter must be able to manage complex deliverables, heavy volumes and tight timelines while remaining focused on internal policy and regulatory compliance. Contribution will also involve counsel related to the optimization of technology or efficiency of operations related to the business.

Responsibilities:

• Accountability for ensuring strong analysis of the assigned portfolio ensuring consistencies with industry leading practices and compliance with all internal risk policies, standards and procedures.

• Assist analysts and associates to perform periodic monitoring of the portfolio.

• Interface with and support bankers in underwriting requests for credit extensions of ABS facilities for new and existing clients with ownership responsibilities for sound credit decisions.

• Participate in due diligence and prepare a detailed written credit memo for periodic monitoring including annual reviews and quarterly memos on existing transaction that includes detailed analysis of the business terms, structural elements, strengths and prevailing risk factors, asset types, and compliance with internal underwriting guidelines in rendering a final credit recommendation to Risk.

• Provide backup support to Credit Underwriting Group Manager, lead projects and initiatives and mentor lower-level Credit Officers as needed.

• Ensure maintenance of organized credit files for credit, regulatory and compliance purposes and ensuring compliance with Citibank Wholesale Credit Risk (WCR) policies and processes.

• Analyse the credit risk by performing tasks that includes reviewing deal documents & legal documentation.

• Analyse periodic data & report for any discrepancy in the data. 

• Collect, organize and analyse data from internal and external sources.

• Enhance efficiency through automation & technical skills. 

• Maintain regular and open communication with internal as well as external team members on various tasks. 

• Understand the domain and implement quick fix solutions to align the development activities with dynamic business needs. 

• Stay abreast with the latest developments in the structured finance market and understand on their potential impact.

Qualification and Experience:

• University degree or equivalent experience.
• 6+ years of credit, portfolio management or product experience (preferably in ABS) in a financial institution, rating agency, financial guarantor or asset management firm.

• Requires good analytical skills in order to filter, prioritize and validate potentially complex material from multiple sources.

• Knowledge of wholesale loan (syndicated / bilateral) product and business, including an understanding of legal loan documentation, loan / funding mechanics, deal structure, funds flows, etc.

• Excellent organizational skills, prioritizing capabilities, attention to detail, and the ability to complete assignments within required deadlines in a fast-paced environment.

• Pro-active disposition with ability to work autonomously and within a team.

• Creative thinker who is adept at taking an analytical approach to problem solving.

• Strong attention to detail – the candidate will have responsibility for reviewing credit agreements / legal documents to ensure that all risk and business points are covered.

• Excellent oral and written communications skills enabling the candidate to effectively interact with internal and external constituents of all levels.

Strong Microsoft Office skills. Cashflow Modelling experience is a plus.

#LI-DG2

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Job Family Group:

Risk Management

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Job Family:

Credit Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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