Citizens Bank is seeking current college juniors to join the execution team within its Capital Markets & Sponsor Finance Group (“Capital Markets”). Through the 12-week program, Summer Analysts within Capital Markets will work closely with the team’s junior and senior professionals in originating, structuring and executing leverage finance transactions, primarily within the U.S. middle market.
Summer Analysts’ responsibilities will require significant and regular transaction involvement, from origination through closing, as well as the ability to work on multiple projects and transactions concurrently. Summer Analysts within the Capital Markets group play a critical role on their deal teams and are expected to carry the same level of responsibilities as full-time Analysts in the group. Summer Analysts will work across a number of different industries and support the acquisition, leveraged buyout, dividend recapitalization, restructuring, and refinancing activity generated by the firm’s corporate and private equity (“Sponsor”) clients.
Key Tasks & Responsibilities include, but are not limited to:
Supporting junior and senior team members within Debt Capital Markets / Leveraged Finance, Corporate Finance Industry Coverage, and Sponsor Coverage in the execution of leverage finance transactions
Playing a key role throughout the transaction execution process
Preparing detailed investor marketing materials, including CIMs and lender presentations
Conducting accounting, business, and legal due diligence for both credit approval and underwriting approval processes
Performing extensive projection modeling for a variety of transaction scenarios, leveraging diligence findings to develop additional modeling scenarios, and presenting findings for internal approval teams
Working with the sales distribution team to develop syndication strategies and answering lender / investor due diligence questions during syndication
Working with legal counsel and clients / Sponsors in drafting and negotiating all legal documentation
Organizing Ratings Agency Meetings, Lender Meetings, and Investor Roadshows for private and public debt offerings
Coordinating with senior bankers to provide indicative transaction structure and pricing guidance based on financial projection model and comparable transaction analysis
Supporting junior and senior team members in developing new business ideas, pitch strategies, or transaction financing scenarios to help the firm’s corporate and sponsor clients with achieving their financial and strategic objectives
This position offers an excellent opportunity to join a high performing, rapidly growing, and entrepreneurial team within one of the largest regional banks in the country. Citizens Bank has market leading positions in middle market corporate and Sponsor-backed transactions. Through this experience, Summer Analysts will gain insight into the issues and considerations for management teams, Sponsors, and shareholders at growing middle market companies; as well as gain exposure to strategic financial decision making at the highest management levels. Depending on the Summer Analyst’s performance and the Group’s hiring needs, the Summer Analyst may receive an offer to join the Capital Markets Group for a full-time analyst position.
General position requirements include:
Ability to function as part of a flat organization, manage several projects at once, and work effectively both independently and as part of a multiple teams
Excellent oral and written communication skills with the ability to express ideas in a persuasive, organized, and articulate manner
Demonstrated aptitude for quantitative and qualitative analysis with a solid understanding or willingness to master financial statement analysis, financial modeling, and company/industry analysis
Self-starting team player who can think strategically and excel in a fast-paced, entrepreneurial, and challenging work environment
High degree of maturity and integrity with a positive and hardworking attitude
Excellent attention to detail
Background qualifications include:
Please note that U.S. Immigration sponsorship or work visa is not available for this position or for full time Analyst positions and candidates must have permanent authorization to work in the U.S.
Undergraduate candidates with a strong academic record from a leading university and expected graduation date between December 2019 and June 2020. All majors/concentrations considered
Minimum GPA of 3.5 preferred
Prior financial services internship experience preferred, but not required
Experience with related financial services software including S&P Capital IQ, S&P LCD, Advantage Data, Bloomberg, Thomson LoanConnector, FactSet, etc is a plus
Please provide a resume and any other applicable information requested from your college's career service department in order to apply for this position.
About Citizens Bank and Capital Markets & Sponsor Finance Group
Citizens Bank is one of the nation's oldest and largest financial institutions, with $155.4 billion in assets as of June 30, 2018. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products and asset finance.
From its start in 2010, Citizens' Capital Markets & Sponsor Finance Group has rapidly grown into a leading provider of leveraged loans for middle market companies and private equity firms. Growth has been driven by the strength of Citizens' expanding corporate finance and corporate banking platforms. The group's senior professionals have brought vast amounts of capital markets, leveraged finance, and loan syndications experience, as well as valuable industry and private equity relationships from leading investment banks. In addition to providing debt capital markets advice and leveraged loan syndications and executions for public, private and Sponsor-backed middle market and mid-corporate companies, the group supports Corporate Finance bankers in industry coverage verticals. Advisory capabilities within the group include and M&A advisory group, as well as industry expertise within Technology & Business Services, Gaming & Lodging, Healthcare, Media & Communications, Aerospace & Defense, Industrials, Consumer & Retail, and Government Services & Contracting.
Hours & Work Schedule
Hours per Week: 40 hours
Work Schedule: 8am to 5pm
Why Work with 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.
Equal Employment and Opportunity Employer/Disabled/Veteran
It is the policy of Citizens Bank and Citizens Securities, Inc. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.
Equal Opportunity & Affirmative Action Employer Disabled/Veteran
Citizens Bank is a brand name of Citizens Bank, N.A. and each of its respective subsidiaries, and Citizens Bank of Pennsylvania