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Risk Management Development Program - June 2023

Student and Recent Graduates, Risk, Data Analytics

Westwood, Massachusetts

Job ID: 227899

Full/Part Time: F

Shift: 1st Shift


Risk Management Development Program (RMDP)

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. 

Experience during the program


In this two-year program, you will have the opportunity to gain a strong understanding of the Risk Management function at Citizens Bank as well as great insight into the inner workings of a large financial institution. You’ll begin by completing a robust onboarding and training over your first few weeks which will include overviews of risk management functions across the organization. 

Then, you’ll continue to gain relevant experience by completing four 6-month rotations within the following risk management functional areas:Credit Risk, Enterprise Risk, Operational Risk and ComplianceDuring your business line rotations, you could be working on:

  • Execution of governance and oversight of the Risk Appetite and Risk Identification and Assessment Frameworks
  • Reviewing the performance of various credit models and make recommendations on model effectiveness
  • Performing Anti Money Laundering (AML) Model management and Suspicious Activity Reporting (SAR) analytics
  • Working with product teams in setting reserves through the Allowance for Credit Losses (ACL) process
  • Producing, and further developing, quarterly reporting for use in corporate accounting and investor relations
  • Supporting credit policy analyses and monitor the health of product portfolios through analytically driven exercises
  • Performing targeted business line or thematic Compliance Assurance Reviews, customer due diligence, and transactional testing reviews

Note: this program is based in Westwood, MA with some business line rotations based in Johnston, RI; Providence, RI and Boston, MA.

As an Associate in this program, you’ll 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:

  • 2-day Orientation with all bank-wide development program colleagues
  • Professional development workshops (such as Agile Methodologies and Presence & Presentation)
  • Customer and client site visits
  • Networking opportunities with 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

Life after the program

Upon successful completion of the Program, graduates will be placed in 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
  • Work Out Officer

Further, you’ll 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.

ting related activities as well as future program planning and design.


What you’ll need to apply

  • Currently pursuing a Bachelor’s degree in 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 2023
  • 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) required
  • 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

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.


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

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Awards We've Received


Dave Thomas Foundation for Adoption Top 100 Best Adoption-Friendly Workplace


Noteworthy Company for Diversity


Human Rights Campaign Best Places to Work for LGBTQ Equality


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