Associate Asset-Backed Securitization
RBS Citizens - Stamford, CT
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DescriptionCitizens Bank is seeking Senior Associate level candidateto join the Asset-Backed Securitization (ABS) business line within the Asset Backed Finance (ABF) group.The ABF group is part of Citizens' Capital Markets division.The Associate will work with ABS team members in support of non-mortgage securitization origination, with a focus on execution of asset-backed securitization loan facilities. A background in Digital Infrastructure securitization transactions is preferred. The Associate will report to the Head of ABF and the role will be based in Stamford, CT.Responsibilities include:Work with the ABS group's senior professionals to assist in originating and leading the execution of non-mortgage asset-backed securitization loan ('ABSL') transactions across a variety of consumer and commercial asset classes. Digital infrastructure asset class experience a plus.Prepare and present concise credit underwriting memos for ABSL transactions, including organizing client and asset class diligence, coordinate legal doc review with counsel, organize cash flow modelling and rating analysis, and organize communication with internal approval constituents.Review and comment on legal documents for ABSL transactions backed by various traditional and new asset classesPerform research and analysis on Term ABS transactions and assist with execution of underwriting roles on Term ABS deals. Digital infrastructure asset class experience a plus.Contribute to the development of pitch materials and structuring / execution advice to clients for Term ABS and ABSL transactionsManage process required for execution of material ABSL transaction amendments and participate in ABSL portfolio reviews and credit meetings.Present internal business and credit partners a summary of client's business, the transaction structure, key risks and cash flow stress scenariosBuild and maintain strong working relationships with credit and portfolio management partners as well as related sector focused investment banking colleagues.Establish relationship and work with external parties including clients, lawyers, and rating agenciesMentor and develop associates and analystsExperience3+ years ofasset-backed securitization lending and Term ABS experience at a commercial or investment bankAdvanced analytical, securitization loan structuring, underwriting, credit, and presentation skillsExperience reviewing and summarizing deal documentationExperience coordinating communication with lawyers, clients and other external parties to structure and execute transactionsFamiliarity with securitization legal documents for revolving ABSL facilities backed by traditional and esoteric assets classes Knowledge of the Term ABS market and transactions backed by traditional and esoteric assets. Familiarity with Digital Infrastructure Term ABS a plusStrong PC Proficiency, Microsoft Office applications(Excel, Word and PowerPoint), Bloomberg and Credit Research ToolsExcellent verbal and written communication skillsAbility to coordinate multiple projects and satisfy deadlinesDetail-oriented with strong organizational and time management skills requiredEducation/ LicensesBachelor's Degree in Business, Finance, Accounting, or EconomicsFINRA Licensing (Series 79 and/or 7 and 63) preferredHours and Work ScheduleHours per Week: 40+Work Schedule: Monday - FridaySome job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.Equal Employment OpportunityAt Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.Equal Employment and Opportunity EmployerCitizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates. Background Check Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information. Benefits We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. View Benefits Awards We've Received Disability Equality Index Best Places to Work for People with Disabilities Fair360 Top Regional Company FORTUNE's World's Most Admired Companies Human Rights Campaign Corporate Equality Index 100 Award Military Friendly® Employer Age-Friendly Institute's Certified Age-Friendly Employer Bloomberg Gender Equality Index, Standout Dave Thomas Foundation's Best Adoption-Friendly Workplace Forbes America's Best Large Employers Equal Employment Opportunity At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. Equal Employment and Opportunity Employer Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates. Citizens is committed to ensuring that all interested candidates can successfully participate in our recruitment process. If you are an individual with a disability or require a reasonable accommodation, please see our Job Seeker Help policy. -
Created: 2024-09-07