Citi Asset Based Finance
Came across a posting for a Portfolio Associate within Citi's Asset Based Finance group and was wondering if anyone had information regarding this particular group (comp, hierarchy, hours, work flow, etc).
*Asset Based Finance (ABF) is part of the U.S. Citi Commercial Bank (CCB) Credit Products unit, and is a product * group primarily responsible for originating and portfolio managing asset-secured working capital facilities for U.S. CCB client relationships.
ABF is currently seeking a Portfolio Associate. This individual will be responsible for the origination and ongoing credit monitoring and portfolio management of middle-market asset based lending relationships within the U.S. CCB, with typical transaction sizes of $50 million to $500 million, including both bilateral and syndicated credit facilities. This is an Associate level role that will work directly in support of a Senior Portfolio Manager and ultimately report to the ABF Portfolio Head.
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Join ABL team at JP / BAML / WF. I have never see a ABL deal that Citi was the lead arranger in, they only partake in deals like all of the smaller banks.
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I think relationship folks is fairly different from ABL team, even though we work together to prospect clients. In the end of the day, we're the one that structure these lending facility and I can tell you from experience that you will rather stay in JP / BAML / WF if you're an credit analyst or credit portfolio manager. On my team we deal with all MM / Corp / IB client facility and I know it's a easy transfer to IB credit. But, some analyst on my team are offer roles into IB coverage. I believe you're definitely going to make more at a regional bank if I move because they know that we're the one that have to do all the write-ups and everyone else just piggyback off our work.
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