VP Subscription Finance & Services

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 $190000 to $225000 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.

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