Citigroup, Inc

Municipal Prepay Structuring - Spread Products - Vice President/Director

Citigroup, Inc • $200K — $300K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • 6-12 years of structuring experience in financial institutions, ideally within the municipal prepay sector.
  • Strong quantitative and analytical skills.
  • Clear and concise written and verbal communication abilities.
  • Good understanding of the municipal prepay landscape.
  • Willingness to travel up to 25% for client meetings and industry events.

Responsibilities

  • Originate, structure, and execute Municipal Prepay transactions.
  • Lead efforts in engaging municipal and industrial commodity participants.
  • Develop structural enhancements to align with market changes.
  • Collaborate with internal controls and external counterparties to ensure compliance and governance.
  • Engage in new product initiatives within Spread Products Structuring.
  • Promote a culture of responsible finance and ethical practices.
  • Assess risk/reward implications for transactions to uphold the firm's reputation.

Benefits

  • Comprehensive medical, dental, and vision coverage.
  • 401(k) retirement plan options.
  • Life, accident, and disability insurance.
  • Wellness programs promoting employee health.
  • Paid time off packages including vacation and sick leave, along with paid holidays.
Full Job Description
Citi's Spread Products is seeking an experienced Vice President or Director to join its Structuring business, with focus on municipal natural gas and power prepayment transactions ("Municipal Prepays") in addition to other structured credit initiatives.

The Muni Prepay Structurer is a strategic professional who has experience originating, structuring and executing Muni Prepay transactions. The role will require both direct client origination and coordination across major stakeholders, Sales/Banking, Legal, Tax, Credit Risk, Treasury and Trading.

Responsibilities:
  • The Muni Prepay Structurer will hold a key role in originating, structuring and executing Municipal Prepay transactions, with Citi acting as prepaid supplier, commodity upstream supplier and/or funding recipient
  • Lead origination efforts with municipal and industrial commodity participants and external funding recipients
  • Develop structural enhancements to adapt to changing market dynamics, will involve working with all internal control functions (Including Legal, Compliance, Market and Credit Risk, Treasury, Tax, etc.) to obtain necessary approvals
  • Work in close partnership with control functions and external counterparties to ensure appropriate governance, compliance and control infrastructure with each execution (includes entity creation and compliance, licensing, reporting, etc.
  • Work on other new product initiatives within Spread Products Structuring, including bespoke client financings, secured funding and risk defeasance transactions
  • Build a culture of responsible finance, good governance and supervision, expense discipline and ethics
  • Appropriately assess risk/reward of transactions when making business decisions; and ensure that all team members understand the need to do the same, demonstrating proper consideration for the firm's reputation.
  • Be familiar with and adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services; and ensure that all team members understand the need to do the same
  • Adhere to all policies and procedures as defined by your role which will be communicated to you
  • Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.


Recommended Qualifications:
  • 6-12 years structuring experience from a financial institution, particularly in the municipal prepay sector
  • Demonstrated quantitative and analytical skills
  • Consistently demonstrates clear and concise written and verbal communication skills
  • Understanding of municipal prepay landscape, including interested funding recipients, industrial participants
  • Ability to travel up to 25% of the time to attend client meetings and industry conferences


Education:
  • Bachelor's/University degree, Master's degree preferred


This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Job Family Group:
Institutional Trading

Job Family:
Structuring

Time Type:
Full time

Primary Location:
New York New York United States

Primary Location Full Time Salary Range:
$200,000.00 - $300,000.00

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.

Most Relevant Skills
Please see the requirements listed above.

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

Anticipated Posting Close Date:

About Citigroup, Inc

Citigroup is a financial services holding company that provides financial products and services. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. The ICG segment offers various banking, and financial products and services to corporate, institutional, public sector, and high-net-worth clients. This segment provides wholesale banking products and services, including fixed-income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed-income research, corporate lending, investment banking, and advisory services, private banking, cash management, trade finance, and securities services. Citi is committed to sustainability and social responsibility, and the company invests in initiatives that promote economic progress.

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Learn more about Citigroup, Inc
Market Cap
$1.3 billion
Industry
Finance & Insurance
Net Income
$89.6 million
Founded
1812
5 Year Trend
+4.6%
NASDAQ
C
* Ladders Estimates

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