Citizens Bank Commercial Summer Intern - Strategic Client Acquisition in Boston, Massachusetts

Description

Citizens Commercial Banking hosts approximately 25 interns, each year, throughout the foot print of the Commercial Bank. The program provides interns with access to project based learning, classroom curriculum, networking and mentorship. The Commercial Banking InternshipProgram is a 10-week exposure to Commercial Banking. The internships are temporary and will last 10 weeks (May 29 - August 3, 2018). We accept students from all majors, who express an interest in learning more about Commercial Banking. At the end of the internship program, high performers will have an opportunity to interview for the CommercialBanker Development Program (CBDP). To learn more about the CBDP visit https://jobs.citizensbank.com/commercial-banking-dev-program .

Business Line Description:

Strategic Client Acquisition (“SCA”) invests bank capital in senior secured loans to drive accretive returns and increase relationship development opportunities for Citizens bankers. The division seeks to drive high risk adjusted returns through deep fundamental research for covered sectors and operates in the liquid institutional markets as well as traditional pro-rata markets. Loans are bought in primary and secondary markets.

Job Title: Commercial Banking Summer Intern – Strategic Client Acquisitions

BusinessLine Locations: 28 State Street, Boston, MA

Job Responsibilities:

The position will support Vice Presidents, Associates, and Credit Analysts in new loan investment underwriting and loan investment monitoring activities:

  • Monitor for the receiptand accuracy of client reporting including financial statements, covenantcompliance certificates, and collateral requirements.

  • Assist in creditanalysis, preparation of deal screening memos, new credit approval requests,loan closings, and quarterly reviews of existing client relationships. This includes learning / preparing financialmodels, written financial analysis, conducting industry research and preparingwritten summaries of industry issues, risks, opportunities, and the competitiveenvironment, communicatingquestions or observations, and utilizing internalrisk and return models and loan systems.

  • Participatein Team Meetings, Capital Markets calls and broader Commercial Banking calls.

  • Participate in deal screen presentations and credit approval meetings.

  • Work as part of the deal team on a deal screen or new transaction.

  • Participate in client meetings or conference calls.

  • Network within the commercial bank and ask questions about specificroles.

  • Completeother tasks and special projects as required.

  • Participate in client meetings or conference calls.

  • Network within the commercial bank and ask questions about specificroles.

  • Completeother tasks and special projects as required.

Qualifications

Qualifications:

  • Enrollmentand demonstrated academic achievement in an undergraduate degree program with agraduation date of December 2018 or May 2019

  • MinimumGPA of 3.5 preferred

  • Allmajors considered

  • Demonstratedleadership in a club, volunteer or sport

  • Initiativetaker who can handle multiple priorities

  • Excellentinterpersonal and verbal/written communication skills

  • Stronganalytical skills

  • Detail-oriented

  • Strongproject management and organizational skills.

  • Teamplayer who can work closely with others to complete projects under tightdeadlines

  • Softwareskills: Solid MS Word, PowerPoint and Excel

Application Instructions:

1.Combine your resume (with your overall GPA noted) and your mandatory cover letter into a single PDF document before attaching it to your application.

  1. Your cover letter must include the following:

·Why you are interested in Commercial Banking and Citizens Bank.

·What skills and character attributes you think you bring to the program.

Additional Details:

· Please note: The deadline is October 27, 2017 .

·You must be a U.S. resident to be eligible for the program. No exceptions.

Hours & Work Schedule

Hours per Week: 35

Work Schedule: M-F

Temporary: 10 weeks

Why Work with Us

At Citizens, you’ll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.

Equal Employment Opportunity

It is the policy of Citizens Bank and Citizens Securities, Inc. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.

Equal Opportunity & Affirmative Action Employer Disabled/Veteran

Citizens Bank is a brand name of Citizens Bank, N.A. and each of its respective subsidiaries, and Citizens Bank of Pennsylvania.