Asset-Backed Securitization & Financing Associate

Asset-Backed Securitization & Financing Associate at Citi

The Asset-Backed Securitization & Financing (ABS&F) group at Citi specializes in structuring and executing Asset-Backed Securitizations (ABS) and various lending facilities. These transactions span a wide range of consumer and commercial asset classes. This specific Associate role will focus predominantly on industrial transportation assets, including aviation, rail, shipping, and containers, alongside digital infrastructure and other esoteric asset classes.

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

This role offers a unique dual perspective, functioning as an underwriter for capital markets transactions and as a credit analyst for lending transactions. ABS&F also offers advisory services to clients on balance sheet management and transaction execution. The team frequently provides secured financing and strategic advice in conjunction with event-driven transactions, such as mergers and acquisitions and restructurings.

Our diverse client base includes leading captive and independent financial companies, banks, and corporates, both domestically in the US and internationally. The group fosters strong collaboration with analytics, trading, sales, syndicate, derivatives, corporate banking, and investment banking professionals across the organization. Members of our securitization team are strategically located globally, including in New York, Hong Kong, London, and Sydney.

Citi is recognized as a market leader in both traditional and non-traditional ABS asset classes, consistently ranking as a top practitioner in the market.

Associate Role Overview

The ABS&F group operates with small transaction teams, typically comprising 2-4 members, encouraging a high level of participation and collaboration from all team members.

Associate Responsibilities and Opportunities

• Learn about fixed income markets, corporate capital structures, and securitization markets.

Associates will work within deal teams to structure and originate transactions for clients, with responsibilities including:

• Developing rating agency materials and presentations to support transaction ratings.
• Reviewing structuring models and preparing transaction analytics.
• Collaborating with transaction parties (issuer, lawyers, and accountants) to develop offering documents.
• Developing materials for the sales and syndication process.
• Responding to investor inquiries and aggregating investor feedback.
• Coordinating meetings and executing administrative requirements.

In a lending capacity, Associates will be responsible for:

• Reviewing performance and risk of assets.
• Assessing pricing and benchmarking to comparable transactions.
• Analyzing risk-weighted returns and regulatory capital.
• Working with colleagues to develop credit materials and facilitate the approval process.
• Facilitating transaction execution with the operations team.
• Monitoring transactions on an ongoing basis.

Additionally, Associates will:

• 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 modeling skills.

Key Skills & Experience

• Detail-oriented, organized, and capable of working effectively as part of a team.
• Excellent written and verbal communication skills.
• Strong quantitative skills; familiarity with Microsoft Excel is required.
• Associates will gain a deep understanding of market dynamics, including the drivers of spread movements and investor sentiment, as well as invaluable technical skills.
• 3-4 years of experience is required for the Associate level.
• Bachelor’s degree in finance or closely related areas of Business Administration is preferred; a Master's degree in Business Administration is a plus.
• Experience in evaluating financing transactions and structures.
• Experience creating financial analyses.
• Ability to work with teams and track business development (collect research, analyze industry trends).
• Series 79, 7, and 63 licenses (can be obtained upon hire).

Education

Bachelor’s degree/University degree or equivalent experience.

Key skills/competency

• Securitization
• Financial Modeling
• Fixed Income
• Capital Markets
• Credit Analysis
• Due Diligence
• Transaction Execution
• Investor Relations
• Market Analysis
• Microsoft Excel