Risk Management Development Program 2025 - Citizens

Description


We’re developing the next generation of leaders



You have a unique opportunity to jumpstart your career through hands-on, impactful projects, comprehensive training and development, and exposure to executive leadership, paving the way for a robust career at Citizens Bank.



The Risk Management Development Program (RMDP) is a critical program within the Corporate Risk Division for cultivating talented, young professionals who aspire to be future leaders. As part of this program, you’ll accelerate the development of foundational financial, credit, risk, and statistical analysis skills through a combination of classes, self-study, on-the-job training and business line rotations. Successful candidates will gain technical and industry knowledge and exposure to Consumer and Commercial lending as well as various functions that ensure the safety and soundness of one of the nation’s largest banks. Through exposure to key Citizens Bank business divisions, you will graduate from this program with a strong understanding of the Citizens Bank risk management framework and principles and be well-positioned to become a future risk leader.



Experience during the program



NOTE: THIS FULL-TIME PROGRAM BEGINS IN MID JUNE 2025



Location: this program is based in Boston, MA with some business line rotations based in Johnston, RI; and Westwood, MA.



In this two-year program, you will have the opportunity to gain a strong understanding of the Risk Management function at Citizens. You will continue to gain relevant experience by completing four 6-month rotations within the following risk management functional areas: Credit Risk, Enterprise Risk, Operational Risk and Compliance. During your business line rotations, you could be working on:



During the second year of the program, you will collaborate with your cohorts on a Capstone project, investigating a relevant topic to the Bank. Through mentorship with seasoned Risk Managers, you will utilize the skills you have honed within the program to build a captivating presentation of your findings to the Risk senior leadership team, including the Chief Risk Officer.



As an Associate in this program, you will also have the opportunity to participate concurrently in Early Career Development Programming (ECDP) – a robust, 4-month program designed to give our new colleagues a strong foundation of Citizens Bank. Through the ECDP, you’ll experience:





+ 2-day Orientation with all bank-wide development program colleagues



+ Professional development workshops (such as Agile Methodologies and Presence & Presentation)



+ Customer and client site visits & Networking opportunities



+ Dedicated community service activities



+ Strategic Challenge where you’ll work in small teams to solve for an organizational problem and present your recommendations to a panel of executives



+ Senior Leaders of the bank will provided overviews of key functional areas such as Commercial Banking, Consumer Banking, Marketing, Finance, also including Risk Management





Life after the program



Upon successful completion of the Program, graduates will be placed in a full-time role within Corporate Risk. Past graduates of the RMDP have been placed in the following roles:





+ Credit Risk Analyst



+ Compliance Officer



+ Commercial Risk Analyst



+ Quantitative Analyst



+ Work Out Officer





Further, you will continue to have access to a growing community of Citizens Bank development program alums that will prove to be invaluable throughout your entire career journey! You may also have the opportunity to partner closely with the Program Management team on recruiting related activities as well as future program planning and design.



Who we’re looking for



We’re looking for self-starters, team players, and strategic thinkers.



To be successful in this program, you’ll need to display strong skills and characteristics including: analytical and critical thinking, communication, data analysis, detail-oriented, initiative, interpersonal, leadership, learning agility, project management, relationship building, strategic mindset, and time management.



What you need to apply





+ Currently pursuing a Bachelor’s degree in a relevant major that demonstrates critical thinking skills such as Finance, Economics, Accounting, Decision Sciences, Risk Management, History, Philosophy, etc.



+ Expected graduation date of May 2025



+ Minimum GPA of 3.00 required (3.50 preferred)



+ Knowledge of relational databases and exposure to a statistical software (i.e. SAS, Stata, R, SPSS, or MATLAB) required



+ Basic knowledge of compliance and implications of regulatory frameworks as well as U.S. and International accounting standards is beneficial



+ Internship or other relevant corporate exposure in the financial services industry is preferred



+ 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.



+ 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 positions and candidates must have permanent authorization to work in the U.S








Benefits:

- Hybrid work model

- Gym pass membership

- Education Assistance Program

- 401(k) Match plan



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.