Director/MD Subscription Finance & Service

Description

Citizens Bank is seeking a Director or Managing Director to join its Subscription Finance & Services (“SFS”) team. The SFS team manages a portfolio of private equity fund clients of varying sizes, strategy, and complexity. As a senior Relationship Manager, you will serve as the primary banking partner to CFOs, COOs, treasurers, and investment professionals across leading private equity firms. The team delivers fund-level financing solutions, strategic advisory, and holistic banking services.

The Relationship Manager will be responsible for originating, structuring, underwriting, and executing subscription credit facilities for sponsors with AUM > $1 billion, while also ensuring relationship coverage across the fund family.

Primary responsibilities include

• Consistently call on target sponsors in person and develop deep, multi‑level relationships with key decision‑makers

• Lead coverage of a portfolio of 20–25 sponsor relationships

• Identify cross‑sell opportunities across Treasury, Capital Markets, FX, and other bank products

• Lead the full lifecycle of subscription credit facilities, including pitching, term sheet negotiation, structuring, underwriting, documentation, and closing 

• Prepare detailed pitch materials, market updates, and financing analyses for client meetings 

• Perform borrowing base analysis, LP concentration and quality review, collateral diligence, and structural risk assessment

• Oversee accounting, business, and legal due diligence for credit approval processes and ongoing portfolio monitoring 

• Review and interpret fund documents, LPAs, side letters, subscription agreements, and investor letters to evaluate borrowing base eligibility and collateral protections

• Monitor facility performance, borrowing base compliance, LP credit quality, and concentration risks throughout the life of the loan 

• Lead amendments, waivers, covenant modifications, and facility upsizes as funds evolve

• Interact directly with senior management, internal partners (Credit, Risk, Treasury, Capital Markets, Operations), and external legal counsel 

• Partner with Syndications (if applicable) on facility distribution strategy and market clearing levels 

• Provide oversight, guidance, and skill development for junior bankers, analysts, and associates

Qualifications, Education, Certifications and/or Other Professional Credentials

• 10+ years of experience covering private equity, private capital, or corporate clients, with a strong background in fund finance, structured credit, leveraged finance, or related fields

• Demonstrated success in business development, relationship management, and revenue generation

• Negotiation skills and experience working closely with legal counsel on loan documentation 

• Strong understanding of private equity structures, LP capital commitments, fund formation documents, and capital call mechanics

• Bachelor’s degree required; MBA, CFA, or other relevant credentials preferred but not required

Hours & Work Schedule

• Hours per Week: 40 +
• Work Schedule: Monday to Friday 

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

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.