Residential Financing & Securitization Group – AVP New York

National Black MBA Association; New York (NY); On-site; USD 130,000 - 170,000; Full time

Job summary

An established industry player is seeking an Assistant Vice President to join their dynamic securitization and advisory team. This role involves engaging with clients, managing complex transactions, and providing strategic insights into the residential mortgage sector. The ideal candidate will have a strong background in mortgage finance, excellent communication skills, and a collaborative spirit. You'll work closely with various teams to optimize deal structures and enhance client relationships while contributing to innovative solutions in the non-agency market. If you're looking to make a significant impact in a fast-paced environment, this opportunity is perfect for you.

Benefits

Medical Coverage

Dental Coverage

Vision Coverage

401(k) Plan

Life Insurance

Accident Insurance

Disability Insurance

Wellness Programs

Paid Time Off

Paid Holidays

Qualifications

• 3-4 years of relevant experience in mortgage finance.
• Experience in evaluating corporate transactions and structures.

Responsibilities

• Assist in syndication of mortgage-backed securitizations.
• Advise clients on whole loan portfolios and manage transactions.

Skills

Problem Solving

Organizational Skills

Written Communication

Verbal Communication

Client Development

Multitasking

Team Collaboration

Education

Bachelor’s degree

Tools

Series 7 License

Series 63 License

Series 79 License

Job description

Citigroup’s Residential Financing & Securitization group currently employs 15 mortgage finance professionals and is seeking to add an Assistant Vice President to its securitization and advisory team.

The Residential Financing & Securitization 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), residential transition loans (RTL) and single-family rental (SFR) markets. The business provides credit facilities to finance residential mortgage-backed assets, issues, underwrites and syndicates securitizations (as principal and agent), and provides whole loan advisory and brokerage services to large institutional clients, including the GSEs. The group works closely with mortgage trading & sales, legal, the investment bank and external deal parties.

Responsibilities include:

• Assist in the banking and syndication of mortgage-backed securitizations for Citigroup, either as an issuer for its own portfolio, or as an underwriter for third-party issuers
• Advise third-party clients on the offering and sale of their whole loan portfolios
• As part of a deal team, manage transactions from client engagement (as applicable) through the syndication and settlement, including, but not limited to:
  • Working with issuers (as applicable) and the trading desk 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 and syndicate marketing messages,
  • Coordinating the deal syndication with Citi’s residential syndication desk, the issuer, trading & sales, and investors,
  • Ensuring proper settlement and compliance with internal and external requirements
• Maintain a running log of investor interest and participation across deals
• 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

Qualifications:

• 3-4 years of relevant experience
• Experience in evaluating corporate transactions and structures
• Demonstrated problem solving and organizational skills
• Clear and concise written and verbal communication skills
• Experience assisting with client development
• Ability to track and report on business development (collect research, analyze industry trends, etc.)
• Strong ability to multitask, be collaborative, a team player and service oriented
• Series 7, 63 and 79 licenses

Education:

Bachelor’s degree/University degree or equivalent experience

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Job Family Group:

Institutional Banking

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Job Family:

Investment Banking

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$130,000.00 - $170,000.00

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.

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Anticipated Posting Close Date:

Apr 23, 2025

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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