• Job Description

  Req#: 45598

  Description

  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 $91,000 to $110,000 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.

  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

  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.

• About the company

  Most innovative community bank in the US w/ @HeardOnHurd @Vault_405 @MidtownBank @RISE405 #cashmob inventor, Pres/CEO @JillCastilla, ❤️ #okc #edmond #MemberFDIC

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