Commercial Banker Development Program Associate at Citizens

University of the District of Columbia; Irvine (CA); On-site; USD 75,000; Full time

Job summary

Join a forward-thinking company as a Commercial Banker Development Program Associate, where you'll embark on an enriching journey in commercial lending. This innovative program offers a unique blend of classroom training and hands-on experience, preparing you for a successful career as a Credit Analyst. You'll gain valuable insights into financial analysis, credit policy, and banking products while working closely with experienced mentors. With a commitment to community service and professional growth, this opportunity is perfect for ambitious individuals eager to make an impact in the banking sector. Embrace the chance to shape your future in a dynamic and supportive environment.

Benefits

Comprehensive medical coverage

Dental and vision coverage

Retirement benefits

Maternity/paternity leave

Flexible work arrangements

Education reimbursement

Wellness programs

Paid time off exceeding mandatory requirements

Qualifications

• Current students in undergraduate or graduate programs graduating between Winter 2024 – Spring 2025.
• Minimum GPA of 3.2; preferred GPA of 3.5.

Responsibilities

• Complete all aspects of the Commercial Banker Development Program.
• Attend classes and complete assignments; pass exams to proceed.

Skills

Analytical Skills

MS Office Proficiency

Financial Analysis

Credit Analysis

Accounting Knowledge

Education

Undergraduate Bachelor's Program

Graduate Program

Job description

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Commercial Banker Development Program Associate

Commercial Banker Development Program Overview

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 Irvine, CA. 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 Specialty Finance Group in the bank’s Irvine, California office. The Group includes the Retail Petroleum team, which finances multi-site operators of convenience and retail fueling facilities, and the General Restaurant team, which finances large, multi-unit restaurant franchisees and restaurant operators. 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.

Job Responsibilities

The CBDP Associate is responsible for successfully completing 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.

Preferred Qualifications

• Successfully complete a video interview assessment within 7 days of receiving the link. If not completed within the timeframe, your application will be automatically withdrawn from consideration.
• Current students enrolled in an undergraduate bachelor’s program, graduating between Winter 2024 – Spring 2025 OR current students enrolled in a graduate program, graduating between Winter 2024 – Spring 2025.
• Minimum GPA of 3.2; Preferred cumulative GPA of 3.5
  • Please include your cumulative GPA on your resume.
• 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.
  • Please note that U.S. Immigration sponsorship or work visa is not available for intern/full-time Analyst positions and candidates must have permanent authorization to work in the U.S.
• Work Schedule: M – F

Pay Transparency

The position offers $75,000 per year as a starting rate.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.