Intern

*INTERN *

WHAT IS THE OPPORTUNITY?

Credit Solutions provides thoughtful, risk-aligned credit solutions for the Commercial, Consumer, Entertainment & Sports Banking and Private Banking lines of business at City National Bank (“CNB”). Our mission is to support CNB’s relationship-driven model by executing prudent credit underwriting, customized loan structuring, continuous risk monitoring, and credit product governance. We are committed to maintaining credit quality, complying with CNB’s risk framework and regulatory standards, and enabling sustainable loan growth. With the client at the center of every decision, we build trust, create value, and foster strong partnerships.

As a Credit Solutions Intern, you will become an integral member of the team and gain hands-on experience by participating in our 10-week program. Designed to provide a strong talent pipeline for the division, the Credit Summer Intern Program offers motivated undergraduate students the opportunity to develop their financial and business acumen by supporting the CNB lending teams including Commercial Middle Market, Commercial Real Estate, Specialty Banking, Entertainment & Sports, Private Banking and Personal & Business Banking.

Successful completion of this program provides an opportunity to obtain a full-time offer upon college/university graduation via our Credit Management Training Program. 

WHAT WILL YOU DO?

• Participate in projects and assignments that directly contribute to the success of the team you support including:

• Exposure to credit underwriting and portfolio management while working on active clients.

• Analyze company and personal financial statements to determine borrower financial performance and repayment capacity.

• Analysis of industry performance and trends.

• Work collaboratively with your Intern cohort on a capstone project.

• Professional instructor-led training that includes the fundamentals of working in a banking corporate environment.

• Interaction and opportunities to network with executives and senior leadership.

• Exposure to all aspects of credit underwriting while working on active deals

• Analyze company financial statements to determine borrower financial performance

• Update/create valuations

• Analysis of industry performance

• Research industry trends, report and present on findings

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications *

• At least 18 years old

• Rising Junior or Senior in college (graduation date no earlier than December of current year)

• Enrolled in a college/university working towards a Bachelor’s or Master’s degree

Additional Qualifications

• Strong written and verbal communication skills

• Effective interpersonal skills

• Proficient in multitasking and prioritizing projects

• Excellent analytical and quantitative skills

• Able to work independently and in teams

WHAT'S IN IT FOR YOU?

Compensation

This role is non-exempt. The hourly rate is $25/hour.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date

• Generous 401(k) company matching contribution

• Career Development through Tuition Reimbursement and other internal upskilling and training resources

• Valued Time Away benefits including vacation, sick and volunteer time

• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs

• Career Mobility support from a dedicated recruitment team

• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.