VP/AVP - Structured Credit (ABS) Underwriter

Citigroup Inc.; Mumbai; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

Citigroup Inc. is looking for a VP/AVP – Structured Credit (ABS) Underwriter in Mumbai, India. This role is integral to the Real Estate & Structured Credit Underwriting team, focusing on asset-backed securities. The candidate should possess strong analytical skills, product knowledge, and the ability to manage complex deliverables.

With over 6 years of relevant experience, you will analyze credit risk, support underwriting requests, and mentor junior officers. This position involves significant decision-making accountability along with compliance with Citibank’s risk policies.

Qualifications

• 6+ years of credit, portfolio management or product experience in a financial institution.
• Strong attention to detail for reviewing credit agreements and legal documents.
• Excellent organizational skills and ability to work under tight deadlines.

Responsibilities

• Conduct strong analysis of assigned portfolios ensuring compliance with industry standards.
• Participate in due diligence and prepare detailed credit memos.
• Interface with bankers in underwriting requests for credit extensions.

Skills

Analytical Thinking

Financial Analysis

Attention to Detail

Microsoft Office Skills

Education

University degree or equivalent experience

Tools

Credit Analysis Tools

Cashflow Modelling

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 VP/AVP – Structured Credit (ABS) Underwriter (Internal Job Title: Credit Officer - C13 or 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 decisions and manage your financial well‑being to help plan for your future.

Our VP/AVP position will hold a key role within the Real Estate & Structured Credit Underwriting (RESCU) team administering a portfolio of asset securitization transactions. The underwriter should be a strategic professional who stays abreast of developments within their 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 the ability to review and assess legal documents thoughtfully. The role impacts the overall effectiveness of the ICM Organization and requires good judgment 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 consistency 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 transactions 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.
• Analyze the credit risk by performing tasks that include reviewing deal documents & legal documentation.
• Analyze periodic data & report for any discrepancy in the data.
• Collect, organize and analyze 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 their potential impact.

Qualifications 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 communication 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.

Job Family Group

Risk Management

Job Family

Credit Risk

Time Type

Full time

Most Relevant Skills

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

Other Relevant Skills

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

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.