Associate Portfolio Manager- Subscription Finance & Services

Overview

Citizens Bank is seeking an Associate Portfolio Manager to join the Subscription Finance & Services (SFS) team in Boston, MA. The SFS group manages a diverse portfolio of private equity fund clients in size, strategy, and complexity. Serving as the primary banking partner for CFOs, COOs, treasurers, and investment professionals across leading private equity firms, the team delivers fund‑level financing solutions, strategic advisory, and comprehensive banking services. The role supports ongoing management, monitoring, and analysis of a portfolio of subscription credit facilities for sponsors with AUM greater than $1 billion, emphasizing portfolio oversight, credit monitoring, analytics, and risk management.

Key Responsibilities

• Provide day‑to‑day support to senior Portfolio Managers and collaborate with junior analysts across the team
• Assist underwriting 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, and waivers under senior team guidance
• 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
• Coordinate with internal partners (Credit, Risk, Treasury, Capital Markets, Operations) to support ongoing facility administration

Qualifications

• 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 thrive in a fast‑paced, entrepreneurial environment
• Ability to follow up independently and reliably, serving as 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 and Schedule

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

Compensation and Benefits

The base salary for this role ranges from $91,000 to $110,000 per year, with eligibility for an annual discretionary bonus. Actual pay will reflect factors such as work location and relevant skills and experience.

We offer competitive compensation, along with comprehensive medical, dental, and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs, and more. Citizens’ paid time off policy exceeds mandatory local and state paid sick or time‑away requirements. For a benefits overview, 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, reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. We are committed to an inclusive culture that allows everyone to bring their best selves to work and to a respectful, professional environment. Employment decisions are based on merit, qualifications, performance, and capability.

Why Work for Us

Citizens cultivates a client‑focused culture that supports our customers and the communities we serve. By joining our team, you become part of a collaborative, supportive environment with access to training and tools to accelerate your professional growth and career advancement.

Background Check

Any offer of employment is conditioned upon successfully passing a background check, which may include initial credit, motor vehicle record, public records, prior employment verification, and criminal background checks. Results are reviewed in accordance with regulatory requirements and the nature and gravity of any history. An offer will include further information about the background check process.