Citizens Bank Director of Corporate Development in Boston, Massachusetts
Citizens Bank is a leading retail and commercial bank with presence in 11 states covering New England, the Mid-Atlantic and the Midwest. Citizens Bank became a public company following a successful IPO in September 2014 and is now fully separated from the Royal Bank of Scotland.
Citizens Bank's Corporate Strategy & Development Group sets the strategic agenda and direction for the company and acts as a trusted advisor to senior leadership (CEO, CFO, Presidents of businesses, and other members of the Executive Leadership Team). The team addresses high impact strategic issues across the banks portfolio of businesses, works with business leaders to develop and execute against strategic roadmaps, and identifies and executes against Corporate Development / M&A opportunities.
Articulating and aligning M&A strategy: Drive ongoing thought leadership to establish, refine and align M&A strategy with corporate and business unit strategy; work alongside business leaders and executive team to identify new challenges/problems for which M&A may be a solution; identify and communicate potential options; get alignment for change
Managing the pipeline of potential opportunities: Establish good relationships with bankers and other third parties for potential deal flow; constantly monitor the broader deal landscape for opportunities, competitive implications and valuation implications; actively prioritize and manage opportunities through initial screening; coordinate closely with business partners in opportunity evaluation
Analyzing and leading corporate development activities: Review and model the impact of various M&A, balance sheet, capital, and strategic partnership strategies; lead due diligence, valuation modeling and financial analysis of deals and initiatives and manage the governance process with key stakeholders up to and including integration readiness
Leading high-priority programs/initiatives: Manage initiatives critical to the success of the enterprise – recent initiatives include structuring partnership deals, corporate finance projects, balance sheet optimization strategies
Enhancing the capabilities of Corporate Development: Assist in the development of more formalized approaches, processes and tools to manage the broader corporate development lifecycle
Influencing stakeholders: This role will interact frequently with senior leaders of the enterprise including presidents of the businesses, CFO, and CEO and will need to influence these senior stakeholders
The position provides an opportunity to take on a highly visible role in a fast-paced and growing organization. It will allow the individual to develop and hone the application of strategic thinking to M&A while developing deep expertise in topics including retail banking, commercial banking, technology, finance, and risk management.
This individual will have an opportunity to develop relationships across the firm including Citizen’s business units, marketing, finance, technology/digital, retail, treasury, and risk management. It will allow the individual to practice influencing and leadership in a dynamic environment.
Experience in a financial institutions group (FIG) of an investment bank (5+ years) – Vice President or equivalent role
Experience “quarterbacking” deals: financial modeling, organizing due diligence across key functional areas, helping negotiate and construct LOIs, purchase agreements, familiarity with legal documents, transaction types and considerations
Ability to identify and source M&A opportunities that fit strategically; ability to syndicate rationale internally and generate buy-in
Exposure and passion for financial markets, banking, technology/digital, and solving problems
An understanding of the regulatory environment facing banking institutions (e.g., Basel III, CCAR stress tests, liquidity coverage ratio) and its implications on strategic decision-making
Passionate, highly motivated, self-driven, and a strong orientation to change
Ability to multi-task and work in a fast-paced environment
Strong interpersonal and communication skills with ability to influence senior leadership
Strong computer skills, including proficiency with Microsoft Excel and Powerpoint
- Experience in corporate and business strategy at a financial services institution and/or at a management consulting firm (3+ years)
Hours & Work Schedule
Hours per Week: 40
Work Schedule: 8:00 am - 5:00 pm; Monday - Friday
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.