Credit Underwriting Associate - Institutional Credit Management

The Credit Underwriting Associate within Citi's Institutional Credit Management ("ICM") Credit Underwriting ABS team works with senior Underwriters and the ABS business team in the underwriting of a multi-billion-dollar portfolio of asset securitization transactions financed primarily through the asset-backed commercial paper market. The AVP supports senior Underwriters in reviewing terms, structures, collateral, models, and documentation of such transactions secured by various asset types (including auto, credit card, unsecured consumer loans). Responsibilities will include:

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.
Qualifications:
  • 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.
Additional Qualifications:
  • 2-5 years relevant Securitization / Consumer ABS 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.
Education:
  • Bachelor's/University degree or equivalent experience

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Job Family Group:
Risk Management

Job Family:
Credit Risk

Time Type:
Full time

Primary Location:
New York New York United States

Primary Location Full Time Salary Range:
$109,120.00 - $163,680.00

In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Most Relevant Skills
Analytical Thinking, Constructive Debate, Escalation Management, Financial Analysis, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

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

Anticipated Posting Close Date:
Mar 12, 2026

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View Citi's EEO Policy Statement and the Know Your Rights poster.
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