Spread Products, Structurer at Citigroup · London

Spread Products, Structurer
Location: London United Kingdom
About the Role at Citi
Citi's Markets business is one of the largest and most established franchises of its kind globally, offering clients deep liquidity, broad product expertise, and integrated execution capabilities across fixed income, credit, securitization, currencies, and commodities. Within Markets, Spread Products sits at the intersection of credit markets, structured finance, and capital solutions — providing sophisticated financing and risk management solutions to a diverse client base of financial institutions, corporates, and asset originators across Europe and beyond. The business operates at the forefront of the European securitization and structured credit market, with a track record across both public and private transactions.
The Opportunity
This is a Director-level opportunity within Citi's Spread Products Structuring team in London, focused on asset-backed finance, securitization, and principal investment. The role offers the chance to lead end-to-end deal execution across a broad range of structured finance transactions — from senior secured asset-backed facilities through to complex securitizations and capital markets take-outs — working alongside experienced origination, trading, and syndicate teams. With significant deal flow across European markets and a growing pipeline of structured credit mandates, this is a role with genuine breadth and senior client exposure from day one.
Primary Responsibilities
Structure and executeasset-backed senior financing facilities, securitization transactions, and principal investment deals across European markets, with a focus on optimising capital structures, managing rating agency processes, and deploying derivatives-based hedging strategies.
Lead and managedeal teams across the full transaction lifecycle — from initial screening and due diligence through pricing, credit committee approval, legal documentation, and closing — including preparation of credit memos, stress analysis, and cash flow models.
Develop and maintainquantitative pricing and cash flow models for structured finance transactions, including waterfall analysis, hedging valuation, and bespoke execution tools for complex ABS and principal transactions.
Manage senior relationshipswith asset originators, issuers, investors, rating agencies, and third-party transaction parties including external legal counsel, driving origination and repeat business flow.
Conduct and overseeasset-level and vendor due diligence, including on-site reviews assessing underwriting, servicing, collections, and recoveries processes against industry best practice standards.
Collaboratewith syndicate, sales, trading, credit risk, and legal teams internally to ensure seamless deal execution, appropriate risk sign-off, and effective capital markets distribution of structured finance transactions.
What We Need From You
Proven structured finance experiencegained within the Spread Products, ABS/Securitization, or Structured Credit division of a leading investment bank or specialist structured finance house, with a demonstrable track record of leading transactions from origination to closing.
Deep technical expertisein securitization structuring across multiple European asset classes (e.g., RMBS, consumer ABS, CLOs, esoteric ABS, SRT/significant risk transfer), including strong cash flow modelling skills and direct experience managing rating agency processes.
Quantitative proficiencyin building and maintaining pricing engines, waterfall models, and hedging frameworks; advanced Excel and VBA skills are essential, with Python or equivalent analytical tools considered advantageous.
Experience in legal and operational structuring, including review and negotiation of transaction documentation, liaising with lawyers, and managing operational workstreams through to closing.
Proven ability to manage and develop junior talent, acting as a deal team leader capable of coordinating across multiple workstreams simultaneously under deal pressure and tight timelines.
Strong academic backgroundin a quantitative or financial discipline (e.g., Finance, Economics, Mathematics, Engineering) from a leading institution; relevant professional qualifications or CFA designation advantageous but not essential.
What Citi Can Offer You
By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
27 days annual leave (plus bank holidays)
A discretional annual performance related bonus
Private Medical Care & Life Insurance
Employee Assistance Program
Pension Plan
Paid Parental Leave
Special discounts for employees, family, and friends
Access to an array of learning and development resources
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self, every day.
We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. If you are actively working with clients, have a passion for relationships and want to be part of a successful global franchise – then apply today.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Regulatory Information
Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime. The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016. Under the Certification Regime, Citi UK regulated entities (Citi entities) must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role.
Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:
Honesty, Integrity and Reputation
Financial soundness
Competence and capability
In order to comply with the requirements of the Certification Regime, Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above.
This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks.
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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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Most Relevant Skills
Please see the requirements listed above.
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Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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