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Citi - Commercial Banking Summer Analyst 2020

Learn more about Citi


Citi - Commercial Banking Summer Analyst 2020

Dallas, TX
+3 locations
New York, NY
San Francisco, CA
Houston, TX
  • Responsibilities

    You're the brains behind our work. You’re ready to bring your knowledge from the classroom to the boardroom, and Citi wants to help you get there. Whether it’s honing your skills or building your network, we know that success can’t come without growth. Our program equips you with the knowledge and training you need to play a valuable role on the team and establish a long-term career here. At Citi, we value internal mobility and career growth is not a question of if, but when.

    Citi’s Commercial Bank (“CCB”) is looking for Summer Analysts to join our team. Our Commercial Banking division works with business and commercial customers who have annual sales ranging from $10 million to $3 billion. As a member of the Commercial Banking team, your job would be to find ways for our clients to maximize their growth while taking full advantage of Citi’s banking products. That means knowing all about our deposit and lending options as well as our cash management, trade, and credit product solutions. The Summer Analyst Program strives to bring in the best and brightest and to develop and train the next generation of commercial banking leaders nationwide.

    We provide you with the knowledge and skills you need to succeed.

    The 10-week Summer Analyst Program starts in June and begins with an in-depth training program. After training, you would join a team for the next nine weeks. People learn differently, so we combine formal training with a complete hands-on experience to help you quickly ramp up and adapt to your role and the culture at Citi. During the Program, you would be paired with a mentor who would help you develop professionally, and top-performing Summer Analysts are eligible for a full-time offer upon graduation.

    The program offers placement into one of three segments:

    1. Cash Management and Trade: You will join the Cash Management & Trade group which aims to be the leading global transaction banking partner for mid-sized US corporations and the US-domiciled subsidiaries of non-US corporations that source product from or sell goods and services to developing markets. There are four departments: Cash Management & Trade Sales, Implementation, Product Management, and Liability Pricing & Account Analysis. Their goal is to help our clients succeed by leveraging Citi’s global network and our award-winning digital solutions. As a member of the Commercial Banking/Cash Management and Trade group, your job will be to find ways for our clients to maximize their growth while taking full advantage of Citi’s banking products.
    2. Client Coverage: You will join a Coverage team to work with for the duration of the Program. In this role, analysts work directly with Relationship Managers on a portfolio of clients and interface with various Citi teams across the firm and around the world including credit underwriting, cash management, loans, foreign exchange, derivatives, capital markets, and investment banking. The Analyst is a critical team member, supporting Relationship Managers with managing the existing portfolio and generating new business.
    3. Structured Credit and Derivative Sales: You will join the Loan Structuring & Syndications Team or the Foreign Exchange Team. The Loan Structuring & Syndications Team provides corporate structure advice and arranges syndicated debt solutions for clients. The team is primarily responsible for helping originate, structure, and distribute syndicated loans to banks, serving as a risk mitigation conduit for the bank. The Foreign Exchange Team works closely with corporate clients to help them assess, quantify and ultimately hedge their foreign exchange risks. This involves continuously monitoring the markets, understanding key macroeconomic trends and providing market commentary and trade ideas to clients. As a member of these teams, you would help the Commercial Bank serve as a trusted thought partner to clients, bringing simplicity and solutions in an increasingly complex world.

    Your time here will look something like this...

    • Company Research and Industry Analysis:
    • Collecting and analyzing company information
    • Conducting industry research

    Analyzing Financial Data and Financial Modeling:

    • Cash & Trade: focused on cash management, payables/receivables, trade
    • Client Coverage: focused on company valuations, discounted cash flow analysis, financing, comparative, and proforma analyses
    • Structured Credit and Derivative Sales: supporting transactions, assisting with client acquisitions, analyzing markets

    Interact with Several Partners: Compliance, Legal, Marketing, Operation, Risk, Technology

    Presentation Preparation and Deal Management:

    • Creating and finalizing business development presentations, pitchbooks, prospect memos, and external/internal client related decks
    • Partnering with bankers to determine which products to be offered to clients

    Project Coordination:

    • Coordinating tasks with internal and external working teams
    • Preparing required internal documentation e.g. control and compliance regulations
  • Qualifications

    We want to hear from you if...

    • You have prior work experience gained through summer internships, full-time work, and/or school activities
    • You are currently authorized to work in the United States with no restrictions; please note that we are unable to sponsor visas for this position
    • You have strong analytical and problem-solving skills
    • MS Word, Access, Excel, and PowerPoint are second nature
    • You are on track to graduate with a Bachelor’s degree in any discipline during the 2020-21 school year with a (preferred) GPA of 3.0 or above

    Who we think will be a great fit...

    • If you are highly motivated and results-oriented, the Commercial Banking Program is a great step forward in your career. Extensive work experience is not a requirement, but dedication to learning and a true passion for commercial banking are vital. As industries all over the globe continue to restructure and grow, we are hiring professionals who have a global perspective on the future of banking, and want to make an impact on the corporate level. We value diversity and so do you. We’ll also be looking for the following:
    • Ability to work both independently as well as on a team
    • Organizational skills, a high degree of self-motivation, initiative, and leadership potential
    • Ability to prepare deliverables for meetings with high profile clients and executives while exhibiting professionalism, maturity, and insight throughout interactions with the clients
    • Strong communication, interpersonal, and relationship-building skills
    • Innovative and creative problem-solving ability
    • Intellectual curiosity
    • Cooperation and focus in achieving group and client objectives

    Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

  • Industry
    Financial Services
  • Locations
    San Francisco, CA • New York, NY • Dallas, TX • Houston, TX
  • Fun Fact
    By 2020, Citi will source renewable power for 100% of its global energy needs.
  • About Us

    Citi enables growth and progress for individuals, communities, institutions and governments around the world and has been doing so for more than 200 years. They recognize that their ability to best serve their clients and customers comes from the diverse and engaged employee base and they work tirelessly to deliver opportunities for growth and development to the most talented people. This is a place where the best come to get better.