Associate Portfolio Manager- Subscription Finance & Services

Citizens Bank is seeking an Associate Portfolio Manager 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 the ongoing management monitoring and analysis of a portfolio of subscription credit facilities for sponsors with AUM > $1 billion. This role focuses on portfolio oversight credit monitoring analytics and risk management.

Primary responsibilities include

• Provide day-to-day support to senior Portfolio Managers and collaborate with junior analysts across the team

• Support underwriting processes for new transactions upsizes and facility modifications

• Conduct analytical reviews of fund performance fundraising cycles strategy and LP base composition

• Monitor borrowing bases capital call activity collateral eligibility covenant compliance and exposure levels across an assigned portfolio of subscription credit facilities

• Assist in managing periodic credit reviews renewals amendments waivers under the guidance of senior team members

• Track investor/LP credit quality commitment changes side letter provisions and concentration metrics

• Prepare early drafts of credit memoranda and risk rating rationales

• Ensure accurate and timely data management document tracking and reporting

• Manage documentation flow data room content and internal compliance requirements

• Liaise with internal partners (Credit Risk Treasury Capital Markets Operations) to support ongoing facility administration 

Qualifications Education Certifications and/or Other Professional Credentials

• Bachelor’s degree required

• 1-3 years of experience in finance banking accounting private equity private capital consulting or related analytical roles

• Self-starting team player who can think strategically and excel in a fast-paced entrepreneurial and challenging work environment

• Ability to follow-up independently and consistently and play the critical role as the project manager on assignments

• Internship or experience in corporate banking underwriting fund finance private equity credit or leveraged finance strongly preferred but not required

Hours & Work Schedule

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

Pay Transparency 

The salary range for this position is $91000 to $110000 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.

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.

Equal Employment and Opportunity Employer

Job Applicant Data Privacy Policy

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.

What We Do

As one of the oldest and largest financial services firms in the United States with a history dating back to 1828 we’re committed to providing solutions and expertise that support our customers clients colleagues and communities in what’s next on their own unique journey. We invest in the humans who build the logic ideas and innovations that bring new technologies to life. Investments in AI cloud computing machine learning and automation provide our engineers the tools that enable us to remain competitive and win in today’s environment. At Citizens we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do. Whether you’re considering banking with us or looking to work with us you’ll find a customer-centric culture and a supportive collaborative workforce at Citizens. You’re made ready and so are we. If you're ready to advance your career in technology and security learn more about opportunity's Citizens offers here: https://jobs.citizensbank.com/digital-transformation

Why Work With Us

We empower the colleagues that power our tech. With growth & upskilling opportunities and sought-after benefits plus a diverse culture of people and perspectives we help our colleagues achieve career goals. Because innovation can’t happen without the minds and hearts of our people. Technology is constantly evolving and we believe you can too.

Gallery