VP Subscription Finance & Services

Description

Citizens Bank is seeking a Vice President 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. SFS serves 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 position will support with 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

• Support senior team members in calling on target sponsors to develop deep, multi‑level relationships with key decision‑makers

• Contribute to identifying cross‑sell opportunities across Treasury, Capital Markets, FX, and other bank products

• Assist in preparing 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

• Participate in 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 

• Support the execution of amendments, waivers, covenant modifications, and facility upsizes as funds evolve

• Collaborate with internal partners (Credit, Risk, Treasury, Capital Markets, Operations), and external legal counsel 

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

• Assist in training, guidance, and skill development for junior bankers, analysts, and associates

Qualifications, Education, Certifications and/or Other Professional Credentials

• 6+ 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

• Experience supporting or contributing to business development, relationship management, or client-facing activities

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

Hours & Work Schedule

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

Pay Transparency 

The salary range for this position is $190,000 to $225,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.  ​

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 very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

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.