Commercial Banker Development Program Associate

Citizens Bank • Providence, RI

267d

About The Position

The Commercial Banker Development Program (CBDP) will include an upfront 4-month early career training program in Commercial lending. Specifically, you will spend 8 weeks in Boston in classroom training. The remainder of your training and full-time role will be based in Johnston, RI or Hartford, CT. Citizens will provide housing in Boston, MA for the 8-week period. You will learn the basics of how we underwrite risk and provide solutions to our clients. The mission of the CBDP is to create the future leaders of Citizens Commercial Banking. The CBDP includes a combination of classes, self-study, and systems training. Training encompasses a comprehensive curriculum of classes concentrating in accounting, financial and credit analysis, and high-level corporate finance. You will get exposure to a range of lending, banking products/services and support areas within the bank through focused training sessions with experts from the various lines of business. You will also have an assigned mentor and networking opportunities with senior leaders from various divisions that assist in advancing your career at Citizens. There will be opportunities to join in on Citizens' volunteer efforts that give back to our local communities. Upon successful completion of the upfront training, you will assume the role of Credit Analyst and join the Southern New England Commercial Middle Market Portfolio Management Team in the bank's Johnston, RI or Hartford, CT office. The Group covers the Connecticut, Rhode Island and Albany NY markets, and provides financing for commercial clients with revenues ranging from $25MM to $500MM. A Commercial Banking Credit Analyst at Citizens conducts thorough research and analysis of market data, trends and other factors related to the financing that is a part of credit decisions. Supporting a team of Portfolio Managers and Relationship Managers, our credit analysts work together to understand and apply credit policy and field questions related to financial analysis and interpreting financial statements.

Requirements

• Successfully complete a video interview assessment within 7 days of receiving the link.
• Current students enrolled in an undergraduate or graduate program, graduating between Winter 2024 - Spring 2025 OR candidates with ~1 year of full-time work experience in a related field or completion of a formal credit training program (bachelor's degree is required).
• Minimum GPA of 3.2; Preferred cumulative GPA of 3.5.
• Relevant work experience, leadership experience or coursework in Finance, Accounting or Economics is preferred but all majors will be considered.
• Strong analytical skills and software skills: MS Office (Word, Excel, PowerPoint) proficiency is required.
• Candidates must currently be a U.S. Resident to be eligible for this program.

Nice To Haves

• Financial Modeling/Excel Skills
• Commercial Loans
• Curiosity
• Finance and Accounting Trends
• Leverages Information
• Persistence and Tenacity
• Process-Oriented

Responsibilities

• Successfully complete all aspects of the program including the Accounting session, complete with two exams; an average passing grade of 75% on both exams is required to proceed with the Program.
• Attend all classes and complete homework and other assignments as required.
• Demonstrate competence in materials presented and ability to successfully complete a Credit Proposal Summary write-up on a typical bank client.
• Commitment to work at Citizens Bank following completion of the program.

Benefits

• Competitive pay
• Comprehensive medical, dental and vision coverage
• Retirement benefits
• Maternity/paternity leave
• Flexible work arrangements
• Education reimbursement
• Wellness programs
• Paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree