Risk Management Development Program 2027

Citizens Bank; Boston (MA); On-site; USD 63,000 - 77,000; Full time

Job summary

Citizens Bank’s Risk Management Development Program (RMDP) is a two-year, full-time experience designed to grow leaders through rotations, targeted training, and mentorship. The program spans Boston, Johnston, RI, and Westwood, MA, offering exposure to Consumer and Commercial lending and the broader risk framework.

You’ll rotate through Credit Risk, Enterprise Risk, Operational Risk, Compliance, and Risk Modeling, culminating in a capstone project presented to senior risk leadership.

Qualifications

• Pursuing a Bachelor’s degree with strong critical thinking in Finance, Economics, Accounting, Decision Sciences or Risk Management.
• Expected graduation in May 2027.
• Minimum GPA 3.0; 3.5 or higher preferred.
• Knowledge of relational databases and exposure to statistical software (SAS, Stata, R, SPSS, MATLAB) preferred.
• Internship or other corporate exposure in financial services is preferred.

Responsibilities

• Complete four 6‑month rotations across Credit Risk, Enterprise Risk, Operational Risk, Compliance, and Risk Modeling.
• Capstone project developed with your cohort and presented to Risk senior leadership, including the Chief Risk Officer.
• Participate in Early Career Development Programming (ECDP) with workshops, networking and community service.

Skills

Analytical thinking

Critical thinking

Communication

Data analysis

Detail-oriented

Leadership

Learning agility

Project management

Relationship building

Strategic mindset

Time management

Education

Bachelor’s degree in Finance or related field

Expected graduation May 2027

Minimum GPA 3.0 (3.5 preferred)

Tools

Relational databases

SAS

Stata

R

SPSS

MATLAB

Generative AI knowledge

Job description

Description

We’re developing the next generation of leaders

You have a unique opportunity to jumpstart your career through hands-on, impactful projects, comprehensive training and development, and exposure to executive leadership, paving the way for a robust career at Citizens Bank.

The Risk Management Development Program (RMDP) is a critical program within the Corporate Risk Division for cultivating talented, young professionals who aspire to be future leaders. As part of this program, you’ll accelerate the development of foundational financial, credit, risk, and statistical analysis skills through a combination of classes, self-study, on-the-job training and business line rotations. Successful candidates will gain technical and industry knowledge and exposure to Consumer and Commercial lending as well as various functions that ensure the safety and soundness of one of the nation’s largest banks. Through exposure to key Citizens Bank business divisions, you will graduate from this program with a strong understanding of the Citizens Bank risk management framework and principles and be well-positioned to become a future risk leader.

NOTE: THIS FULL-TIME PROGRAM BEGINS IN MID JUNE 2027

Location: This program has rotations based in Boston, MA; Johnston, RI; and Westwood, MA.

In this two-year program, you will have the opportunity to gain a strong understanding of the Risk Management function at Citizens. You will continue to gain relevant experience by completing four 6-month rotations within the following risk management functional areas: Credit Risk, Enterprise Risk, Operational Risk, Compliance, and Risk Modeling.

During the second year of the program, you will collaborate with your RMDP cohort on a Capstone project, investigating a relevant topic to the Bank. Through mentorship with seasoned Risk Managers, you will utilize the skills you have honed within the program to build a captivating presentation of your findings to the Risk senior leadership team, including the Chief Risk Officer.

As an Associate in this program, you will also have the opportunity to participate concurrently in Early Career Development Programming (ECDP) – a robust, 4-month program designed to give our new colleagues a strong foundation of Citizens Bank. Through the ECDP, you’ll experience:

• Formal Orientation with all bank-wide development program colleagues
• Professional development workshops (such as Agile Methodologies and Presence & Presentation)
• Networking opportunities with peers and senior leadership
• Dedicated community service activities
• Strategic Challenge where you’ll work in small teams to solve for an organizational problem and present your recommendations to a panel of executives
• Senior Leaders of the bank will provide overviews of key functional areas such as Commercial Banking, Consumer Banking, Marketing, Finance, also including Risk Management

Life after the program

Upon successful completion of the Program, graduates will be placedin a full-time role within Corporate Risk. Past graduates of the RMDP have been placed in the following roles:

• Credit Risk Analyst
• Compliance Officer
• Commercial Risk Analyst
• Quantitative Analyst
• Workout Officer

Further, you will continue to have access to a growing community of Citizens Bank development program alums that will prove to be invaluable throughout your entire career journey! You may also have the opportunity to partner closely with the Program Management team on recruiting related activities as well as future program planning and design.

Who we’re looking for

We’re looking for self-starters, team players, and strategic thinkers.

To be successful in this program, you’ll need to display strong skills and characteristics including: analytical and critical thinking, communication, data analysis, detail-oriented, initiative, interpersonal, leadership, learning agility, project management, relationship building, strategic mindset, and time management.

What you need to apply

• Currently pursuing a Bachelor’s degreein a relevant major that demonstrates critical thinking skills such as Finance, Economics, Accounting, Decision Sciences, Risk Management, History, Philosophy, etc.
• Expected graduation date of May 2027
• Minimum GPA of 3.00 required (3.50 preferred)
• Knowledge of relational databases and exposure to a statistical software (i.e. SAS, Stata, R, SPSS, or MATLAB) preferred
• Experience with Generative AI Products and concepts
• Natural curiosity and ability to use both reasoning and technology to create solutions to complex topics
• Basic knowledge of compliance and implications of regulatory frameworks as well as U.S. and International accounting standards is beneficial
• Internship or other relevant corporate exposure in the financial services industry is preferred
• Successfully complete a video interview assessment within 4 days of receiving the link. If not completed within the timeframe, your application will be automatically withdrawn from consideration.

Please note that permanent work authorization in the United States is required. This position is not eligible for CPT, OPT, or visa sponsorship now or in the future.

Pay Transparency

The position offers $70,000.00/per year.

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.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.