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Commercial Banking Summer Intern - Capital Markets and Corp. Finance

Commercial Banking, Student and Recent Graduates

Boston, Massachusetts

Req. Number: 217644

Full/Part Time: F

Shift: 1st Shift

Description

Citizens Commercial Banking is growing the future leaders of our organization.  Commercial Banking is business to business banking.  It involves analytical and problem-solving skills as well as strong interpersonal skills to build relationships with commercial clients.  Career paths include but are not limited to Credit Analysis, Portfolio Management, Relationship Management.

Program Overview

The Commercial Summer Internship Program is designed to give interns a look at Citizens Bank’s culture through project-based assignments, learning curriculum, networking, volunteer opportunities and formal mentorship. It is a 10-week exposure into one of many commercial banking business lines throughout the footprint.  Responsibilities will vary based on the group you’re assigned to and will leverage your unique skills and abilities. We encourage students from all majors, who have an interest in exploring a career in commercial banking to apply.  Our internships will run from May 31 – August 5, 2022.  At the conclusion of the program, high performers will get early consideration into the Commercial Banker Development Program (CBDP), a 1-year rotational training and development program and start to your career in Commercial Banking.

Business Description:

The Capital Markets/Corporate Finance internship is an underwriting and portfolio management role in Leverage Finance, Asset Based Lending or Institutional Credit Management. The teams are focused on completing credit approvals for acquisitions, recapitalizations, and refinancing transactions for new and existing customers (corporate and private equity owned) of Citizens Bank. The teams are responsible for the underwriting of new financing opportunities, which includes obtaining internal credit approval and managing the loan documentation and closing process.  In addition, the teams manage a portfolio of credits and are responsible for monitoring client performance and adhering to credit policy and risk management requirements.   

Job Responsibilities:    

The summer intern will support Vice Presidents, Associates, and Credit Analysts in new loan transaction underwriting and loan monitoring activities:  

  • Monitor for the receipt and accuracy of client reporting including financial statements, covenant compliance certificates, and collateral requirements. 
  • Assist in credit analysis, preparation of deal screening memos, new credit approval requests, loan closings, and annual reviews of existing client relationships.  This includes learning / preparing financial models, written financial analysis, conducting industry research and preparing written summaries of industry issues, risks, opportunities, and the competitive environment, communicating questions or observations, and utilizing internal risk and return models and loan systems. 
  • Participate in 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 specific roles.
  • Complete other tasks and special projects as required.

Qualifications

  • Enrollment and demonstrated academic achievement in an undergraduate degree program with a graduation date of December 2022 or May 2023
  • Minimum preferred GPA of 3.5
  • Finance majors are desired
  • Demonstrated leadership in a club, volunteer or sports
  • Initiative taker who can handle multiple priorities
  • Excellent interpersonal and verbal/written communication skills
  • Strong analytical skills and Detail-oriented
  • Strong project management and organizational skills
  • Team player who can work closely with others to complete projects under tight deadlines
  • Software skills:  Solid MS Word, PowerPoint and Excel. 

Application Instructions - Please read carefully

  1. Combine your resume (with your overall GPA included) and your mandatory cover letter into a single PDF document before attaching it to your application. Your cover letter must include the following:
  • Why are you interested in joining Citizens Bank?
  • What is your interest in Commercial Banking?
  • What skills and character attributes you think you bring to the program?

Additional Details:

  • Please note:The application deadline is February 16, 2022
  • Please note that U.S. Immigration sponsorship or work visa is not available for this position or for full time Analyst positions and candidates must have permanent authorization to work in the U.S. You must currently be a U.S. Resident to be eligible for this program. 

Benefits

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more.

View Benefits

Awards We've Received

2021

Human Rights Campaign Best Places to Work for LGBTQ Equality

2021

Dave Thomas Foundation Best Adoption-friendly Workplace

2021

DiversityInc
Noteworthy Company for Diversity

2021

Military Friendly Employer

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