Description

Start Date: May 2025

Commercial Summer Internship Program

The Commercial Summer Internship Program is designed to give interns a look at Citizens Bank’s culture and exposure into one of the many commercial banking business lines through project-based assignments, learning curriculum, networking, volunteer opportunities and formal mentorship. Responsibilities will vary based on the group you’re assigned to and will leverage your unique skills and abilities. 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.

Underwriting and Portfolio Management (U&PM) Team focuses on underwriting credit requests for new and existing clients and managing the bank’s portfolio through the life of the relationship. The South Region U&PM interfaces with coverage banking efforts from Texas to Miami and up through Northern Virginia. The team supports twelve coverage bankers in a highly diversified portfolio while also maintaining a concentration in Financial Institutions. MidCorp represents the predominance of the existing book of business, but the region looks at higher-end Middle Market transactions usually tied to a covered private equity sponsor or that present a leadership capital opportunity to grow with the Client. Given the growth aspects of the region, candidates will have the opportunity to assist with live transactions, meet personally with decision makers and have the opportunity to work with seasoned PMs and Analysts in a hands-on capacity.

Job Responsibilities

• The summer intern will work as part of a commercial client coverage deal team. The position will support Portfolio Managers (PM), Credit Analysts (CA), and Relationship Managers (RMs) in new loan transaction underwriting, loan monitoring, and business development 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.

• Performs market analysis and assist in the development of commercial client prospect lists as needed.

• Participate in Team Meetings, Capital Markets calls and broader Commercial Banking calls.

• 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:

• Successfully complete a video interview assessment within 7 days of receiving the link. If not completed within the timeframe, your application will be automatically withdrawn from consideration.

• Current students enrolled in an undergraduate bachelor’s program, graduating between Winter 2025 – Spring 2026 OR current students enrolled in a graduate program, graduating between Winter 2025 – Spring 2026

• Minimum GPA of 3.2; Preferred cumulative GPA of 3.5.

• Please include your cumulative GPA on your resume.

• Relevant work experience, leadership experience or coursework in Finance, Accounting or Economics is preferred but all majors will be considered.

• Strong analytical skills and software skills: MS Office (Word, Excel, PowerPoint) proficiency is required.

• Candidates must currently be a U.S. Resident to be eligible for this program.

• Please note that U.S. Immigration sponsorship or work visa is not available for intern / full time Analyst positions and candidates must have permanent authorization to work in the U.S.

Hours & Work Schedule

• Hours per Week: 40

• Work Schedule: M-F

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

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. 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 (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), 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.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.