Job Description

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

We’re currently looking for a high caliber professional to join our team as SVP -Underwriting - Structured Credit (Asset Backed Securities) (Internal Job Title: Underwriter - C14) 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:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
• We empower our employees to manage their financial well-being and help them plan for the future.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
• We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

Senior Vice President (SVP) – C14 role, is strategic leadership role within the Real Estate & Structured Credit Underwriting (RESCU) team, responsible for administering a large portfolio of Asset-Backed Securities (ABS) securitization transactions. Candidate should be forward-thinking, strategic professional who stays at the forefront of industry developments and actively shapes directional credit strategies. This role requires applying advanced market insights to the underwriting of private as well as public transactions, focusing on ABS credit facilities.

This position demands extensive product knowledge, deep corporate credit expertise, sharp commercial acumen, and a rigorous approach to evaluating complex legal documentation. Operating with a high degree of discretion and sound judgment, the candidate significantly influences the overall effectiveness of the Institutional Credit Management (ICM) organization. Candidate should successfully manage complex deliverables and tight timelines while maintaining strict adherence to internal policies and regulatory compliance. Additionally, the role involves providing strategic counsel on technology optimization and operational efficiency initiatives. They should be able to independently lead thoughtful conversations with all the partners.

In this role, you’re expected to:

• Manage a diverse and complex portfolio of securitization transactions within the ABS asset class, including auto loans, equipment loans, credit cards, unsecured consumer loans, etc.
• Maintain end-to-end ownership of a robust, consistent, and high-quality credit underwriting process across the ABS portfolio.
• Leverage a deep understanding of cash flow modeling and complex structural mechanics inherent to ABS portfolio.
• Ensure rigorous credit analysis of the assigned ABS portfolio, maintaining alignment with industry-leading practices and full compliance with internal risk policies, standards, and procedures.
• Partner with banking, risk & analytics team for both new and existing clients, taking ultimate ownership of sound, risk-mitigated credit decisions.
• Conduct detailed risk analyses by thoroughly reviewing transaction structures, term sheets, and complex legal/deal documentation to ensure all risk and business points are robustly covered.
• Lead periodic portfolio monitoring and conduct comprehensive credit reviews to proactively identify, mitigate, and manage emerging credit risks.
• Participate in due diligence and author detailed, high-quality written credit memorandums for periodic monitoring and annual reviews featuring in-depth analyses of business terms, structural elements, transaction strengths, risk factors, asset types, and compliance with underwriting guidelines to support final credit recommendations to Risk.
• Oversee complex credit approvals, assigned risk ratings, and annual reviews, ensuring the absolute accuracy, completeness, and consistency of all credit files.
• Maintain organized credit files for internal credit, regulatory, and compliance purposes, ensuring strict adherence to Wholesale Credit Risk (WCR) policies and processes.
• Lead, mentor, and coach a team of analysts, fostering a culture of high-quality credit analysis, timely delivery, and strong governance.
• Maintain open, transparent, and proactive communication with internal and external stakeholders, managing relationships effectively across Origination, Independent Risk, and client teams.
• Drive operational efficiency and process improvement by leveraging automation, technical solutions, and modern data tools.
• Stay abreast of the latest developments in the structured finance and ABS markets, evaluating and communicating their potential impact on the portfolio.

As a successful candidate, you’d ideally have the following skills and exposure:

• MBA, Chartered Accountant (CA), CFA, or an equivalent advanced professional degree.
• 13+ years of experience in credit underwriting, portfolio management, or structured product roles (with a primary focus on ABS) within a leading financial institution, rating agency, or asset management firm.
• Proven experience leading, coaching, and developing junior professionals and building high-performing teams.
• Exceptional analytical capabilities to synthesize, prioritize, and validate complex financial and qualitative data from multiple sources.
• Deep knowledge of ABS products with comprehensive understanding of legal loan documentation, funding mechanics, deal structures, and funds flows.
• A creative and strategic thinker with a proven ability to apply structured, analytical approaches to complex problem-solving.
• Outstanding organizational and prioritization skills, with meticulous attention to detail and a proven track record of delivering high-quality work under tight deadlines in a fast-paced environment.
• A proactive, self-motivated professional capable of working autonomously while collaborating seamlessly within a global team structure.
• Superior oral and written communication skills, enabling effective interaction, negotiation, and relationship-building with internal and external stakeholders at all levels of seniority.

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei

•Working Environment: office setting, minimal travel required.
• Effort: minimal physical effort required.

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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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