• Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Citi-US
  • 2018-10-15

Global Spread Products - Vice President - Securitization, Residential Finance

Global Spread Products - Vice President - Securitization, Residential Finance

  • Primary Location: United States,New York,New York
  • Education: Bachelor's Degree
  • Job Function: Institutional Banking
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID: 18051863


Description

About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi's  Mission and Value Proposition   explains what we do and  Citi Leadership Standards  explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

Citigroup's Residential Finance group currently employs 24 mortgage finance professionals and is seeking to add a Vice President to its securitization team.

The Residential Finance group participates in various aspects of the U.S. residential mortgage sector, with particular focus on the non-agency market including credit risk transfer deals, seasoned performing, re-performing and non-performing collateral, new origination prime and near prime collateral, HELOC and closed end second mortgages, small balance commercial (SBC) and single family rental (SFR) markets.  The business provides credit facilities to finance residential mortgage-backed assets, issues and underwrites securitizations (as principal and agent), provides whole loan advisory and brokerage services to large institutional clients, including the GSEs, and manages the contract finance, due diligence and settlement activities related to whole loan trading (acquisitions and sales).  The group works closely with mortgage trading & sales, legal, the investment bank and external deal parties.  

Securitization Vice President responsibilities include:
  • Lead mortgage-backed securitizations for Citigroup, either as an issuer for its own portfolio, or as an underwriter for third-party issuers
  • Advise new issuers on establishing rated and unrated securitization programs and work with recurring issuers to solidify market presence and identify new securitization opportunities
  • Manage transactions from client engagement (as applicable) through settlement and post-settlement, including (but not limited to):
    • Working with issuers (as applicable) and the trading and syndicate desks to identify prospective securitization pools and evaluate deal execution alternatives,
    • Managing the rating agency process in conjunction with mortgage analytics to optimize deal structures,
    • Liaising with servicers, trustees, due diligence providers and accounting firms,
    • Reviewing all relevant disclosure documentation with internal and external counsel,
    • Preparing marketing materials (term sheets, roadshow presentations, offering circulars, etc.),
    • Coordinating the marketing of the transaction with the deal syndicate, and mortgage trading & sales,
    • Ensuring proper settlement and compliance with internal and external requirements
  • Analyze current and historical transactions for securitization market trends, structural features, representation and warranty frameworks and other deal mechanics
  • Prepare securitization pitches and coordinate related business development activities for existing and prospective issuer clients
  • Assist management in obtaining new structure and product approvals
  • Provide leadership and training to junior members of the securitization team
  • Additional duties may include (but are not limited to) coverage of whole loan transactions and contract finance


Qualifications

  • Undergraduate Degree; MBA preferred or commensurate professional experience
  • 6-10 years of minimum securitized products related work experience
  • Expertise in the mortgage and RMBS, SBC, and SFR markets, including various securitization structures and deal process flows
  • Ability to lead small teams and manage multiple transactions on different timetables, work under pressure and meet deadlines
  • Self-motivated problem-solver, detail-oriented, strong work ethic, resourceful and organized
  • Excellent communication and interpersonal skills required
  • Proficient in Intex and Bloomberg
  • Superior Microsoft Office skills
  • Series 7, 63 and 79 (latter to be obtained within a specified timeframe from start date)