VP Asset-Backed Securitization

Citizens Financial; Stamford (CT); On-site; USD 220,000 - 225,000; Full time

Job summary

Citizens Bank is seeking a VP-level professional to join the Asset Backed Securitization (ABS) team within Structured Products in the Capital Markets & Advisory division, based in Stamford, CT. The role focuses on non-mortgage securitization origination and execution for Term ABS and ABSL transactions.

You will work with senior ABS members, prepare underwriting memos, model cash flows, review legal docs, and coordinate with clients, lawyers and desks to deliver results.

Qualifications

• 6+ years of Term ABS and ABS L experience at a commercial or investment bank.
• Advanced analytical, structuring, underwriting, credit, and presentation skills.
• Strong knowledge of the Term ABS market and related assets with ability to coordinate client/market coverage.

Responsibilities

• Originate and lead the execution of non-mortgage asset-backed securitization transactions.
• Prepare credit underwriting memos and coordinate legal review for ABSL deals.
• Analyze market pricing and trends for Term ABS transactions.
• Support deal execution and client coverage in coordination with fixed income desks.
• Develop pitch materials and provide structuring and execution advice for Term ABS and ABSL.
• Mentor and develop associates and analysts.

Skills

Credit underwriting

Financial modeling

Securitization

Analytical skills

Presentation skills

Financial analysis

Excel

Bloomberg

Communication

Project management

Education

Bachelor's Degree in Business, Finance, Accounting, or Economics

FINRA Licensing (Series 79 and/or 7 and 63) preferred

Tools

Excel

Bloomberg

Credit Research Tools

Job description

Citizens Bank is seeking a Vice President (VP) level candidate to join the Asset Backed Securitization (ABS) business line within the Structured Products (SP) group. The SP group is part of Citizens' Capital Markets & Advisory (CM&A) division. The VP will work with ABS team members in support of non-mortgage securitization origination and execution for both Term ABS transactions and loan/warehouse facilities (ABSL). The VP will report to the Head of ABS and the role will be based in Stamford, CT.

Responsibilities

• Work with the ABS group's senior professionals to assist in originating and leading the execution of non-mortgage asset-backed securitization transactions across a variety of consumer and commercial asset classes. Familiarity with Digital Infrastructure sector a plus
• For ABSL transactions, prepare and present concise credit underwriting memos, coordinate legal doc review with counsel, organize cash flow modelling and rating analysis, and communicate with internal approval constituents. Assist ABSL portfolio management team as needed on a post-closing basis
• For Term ABS transactions, perform research and analysis on market pricing and trends, assist with deal execution including both passive and active ABS underwriting roles, and liase with desk professionals to enhance overall client coverage and value delivery.
• Contribute to the development of pitch materials and structuring / execution advice to clients in pursuit of Term ABS and ABSL deal mandates
• Build and maintain strong working relationships with credit and portfolio management partners as well as related sector focused investment banking colleagues.
• Mentor and develop associates and analysts

Experience

• 6+ years of Term ABS and ABSL experience at a commercial or investment bank
• Advanced analytical, structuring, underwriting, credit, and presentation skills
• Comfort with legal documents and experience coordinating communication with lawyers, clients and other external parties to structure and execute transactions
• Strong knowledge of the Term ABS market and transactions backed by traditional and esoteric assets with ability to coordinate client/market coverage in tandem with fixed income desk professionals.
• Strong PC proficiency including Microsoft Office applications (Excel, Word and PowerPoint), Bloomberg and Credit Research Tools
• Excellent verbal and written communication skills
• Detail-oriented with ability to coordinate multiple projects and satisfy deadlines, time management skills required

Education / Licenses

• Bachelor's Degree in Business, Finance, Accounting, or Economics
• FINRA Licensing (Series 79 and/or 7 and 63) preferred

Hours and Work Schedule

• Hours per Week: 40+
• Work Schedule: Monday - Friday

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Pay Transparency

The salary range for this position is $220,000 - $225,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.