Associate Development Program, September 2027 (Boston)

About the role

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. First Citizens offers the strength and stability of a diversified financial institution with a 125‑year tradition of service and the personalized approach of a nimble financial partner. First Citizens Bank (“FCB”) helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long‑term thinking that has spanned generations. The bank offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best‑in‑class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets. The Associate Development Program (“ADP”), established in 2012 with training locations in Boston, MA and San Francisco, CA, hires entry‑level associates to participate in a comprehensive rotational development and training program that combines critical thinking, business and financial fundamentals, and hands‑on experience supporting teams, markets, and client segments across the Innovation Ecosystem and broader Commercial Bank. Throughout the Program, associates collaborate with a variety of teams supporting innovative businesses, venture‑backed companies, investors and other participants in the innovation economy. The breadth of experiences, relationships, and skills gained through ADP prepares associates to pursue a wide range of career paths across First Citizens.

Responsibilities

• Training – The foundation of the ADP is a hands‑on training curriculum using a building‑block approach to develop the skills needed to support dynamic, diverse and rapidly growing clients. Training combines classroom‑style instruction, case‑study‑based exercises, and live work with experienced facilitators and business leaders. Associates develop foundational business, financial and credit skills while gaining an understanding of the innovation economy and the unique business models of companies across various life stages, enabling them to develop and deliver bespoke financial solutions tailored to startups, founders, investors and public companies.
• On‑the‑Job Training – While in training, associates are embedded within business units across First Citizens’ Commercial Banking platform to receive hands‑on training in areas such as credit risk assessment, loan portfolio management and client management. They collaborate with team members to complete meaningful work, develop skills to take on increasing responsibility, and gain exposure to different business areas and geographies that may become long‑term career opportunities after program completion.
• Life in ADP – Associates assist in managing various aspects of client portfolio and relationships. Responsibilities include assessing and monitoring credit risk, providing financial and credit analysis for a variety of innovative companies, and developing an understanding of the industries, business models, products, and services that drive the innovation economy. As members of the ADP community, they receive dedicated mentorship and professional development to strengthen technical, financial, interpersonal and communication skills, and gain broad exposure to a network of professionals and career paths across First Citizens, positioning them for long‑term success.
• Position Specific Skills – Partnerships and Collaboration; Communication (Written and Verbal); Critical thinking skills.

Qualifications

Basic Qualifications: Bachelor's Degree OR High School Diploma or GED and 4 years of experience.

Preferred Qualifications: The program welcomes candidates from all majors who have demonstrated a level of interest and basic knowledge in business, finance, economics, entrepreneurship, technology, or innovation through coursework, internships, leadership experiences, or employment. Preferred candidates will have earned a bachelor’s degree prior to the start date of September 13, 2027 (GPA of 3.0 or higher preferred), received a passing grade in at least one finance, accounting, and/or economics college course, show interest in leveraging their experience to explore further career opportunities at FCB, enjoy challenges and utilize strong critical‑thinking and decision‑making skills, be coachable and able to apply feedback, demonstrate professionalism, accountability and strong attention to detail, possess strong written and verbal communication skills with the ability to explain complex situations clearly, be a team player who can lead while also taking ownership and working independently, and be ready to relocate to one of the 30+ office locations upon successful completion of the program.

Skills

• Partnerships and Collaboration
• Communication (Written and Verbal)
• Critical thinking skills

Benefits

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Pay

If hired in MA, the base pay for this position is generally between $33.77 and $40.87 per hour. Actual starting base pay will be determined based on skills, experience, location, and other non‑discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.