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- Tasks: Join our Management Associate Program to kickstart your banking career with hands-on training and mentorship.
- Company: We are a leading bank focused on commercial banking, offering growth opportunities and a supportive environment.
- Benefits: Enjoy a structured programme, professional development, and the chance to work with industry leaders.
- Why this job: This role offers real-world experience, teamwork, and the potential for career advancement in banking.
- Qualifications: Recent graduates with a 3.4 GPA or higher and prior internship experience in finance or banking are preferred.
- Other info: This is a full-time, onsite position in Richmond, VA, requiring 40 hours a week.
The predicted salary is between 28800 - 43200 £ per year.
Recruitment began on August 20, 2025
and the job listing Expires on October 31, 2025
Full-Time Job Accounting, Data Analytics, Economics & Finance
Join our Management Associate Program is designed for graduates with a 3.4 GPA or higher and prior internship experience. This program offers a structured start to your banking career, fostering group dynamics and consistency. After training, you’ll return to your local market to advance your career.
As a Management Associate, you’ll develop expertise in underwriting, loan processing, portfolio management, and relationship management. This hourly role equips you to acquire new Business Banking clients and enhance existing relationships. With strong performance and available opportunities, you may progress to the Commercial Portfolio Analyst role and then into other roles over time.
Key areas of focus include commercial term loans, lines of credit, cash management, treasury services, owner-occupied and investment real estate loans, and SBA-guaranteed loans. You’ll collaborate with commercial banking staff and sales partners to build your knowledge and sales capabilities, driving business banking opportunities. Additionally, you’ll have opportunities to meet various line of business leaders and work on projects to broaden your exposure and impact.
The role demands excellent interpersonal skills and the ability to thrive in a fast-paced, team-oriented environment.
ESSENTIAL FUNCTIONS
Credit and Underwriting:
Learn and understand how financial spreads work. Practical application to learn different tiers.
Learn how to assist in evaluating credit applications by analyzing financial statements, credit reports, and other relevant data to assess risk and creditworthiness.
Prepare preliminary underwriting documents and structure loan proposals.
Understand how to assist and monitor and manage assigned client portfolios, including tracking loan performance, identifying potential risks, and recommending solutions to maintain portfolio health.
Conduct periodic reviews of client accounts to ensure alignment with financial goals and bank standards.
Relationship Management:
Understand and apply skills to facilitate the loan origination process by gathering and verifying client documentation, ensuring compliance with bank policies and regulatory requirements.
Learn from internal teams to streamline loan approvals and closings.
Learn what it takes to build and maintain relationships with Retail, Small Business Banking, Business Banking, Middle Market and Commercial clients by addressing inquiries, providing tailored financial solutions, and ensuring high-quality service.
Collaborate with sales partners to identify and pursue new business opportunities, including prospecting for potential clients in the commercial banking sector.
Assist in preparing presentations and proposals to attract new clients and expand market presence.
Develop sales acumen to contribute to business growth and client retention.
Participate in cross-functional projects with various lines of business, such as product development, process improvements, or market analysis, to gain broader exposure to banking operations.
Engage with business line leaders to understand strategic priorities and contribute to team initiatives.
Learning and Development:
Complete all compliance courses as prescribed by job function
Actively participate in training sessions to develop technical skills in areas like financial analysis, credit risk assessment, and treasury services.
Build product knowledge in commercial term loans, lines of credit, cash management, owner-occupied and investment real estate loans, and SBA-guaranteed loans.
Attend leadership training
Work closely with commercial banking staff to support sales efforts, including preparing client pitches and identifying cross-selling opportunities for treasury services and other banking products.
Develop sales acumen to contribute to business growth and client retention.
Qualifications:
Must have graduated with a Bachelor’s degree within the last 2 years, with a minimum GPA of 3.4 preferred.
Previous internship experience, preferably in finance, banking, or a related field.
Strong analytical, organizational, and interpersonal skills.
Ability to work collaboratively in a dynamic, fast-paced, team-oriented environment.
Proficiency in Microsoft Office Suite; familiarity with financial modeling or banking software is a plus.
This role provides a comprehensive foundation for a successful career in commercial banking, with hands-on experience, mentorship, and exposure to leadership.
TRAINING REQUIREMENTS/CLASSES
Required annual compliance training, New Employee Orientation
WORK ENVIRONMENT
This position is onsite in an office environment 5 days a week: 40hours a week.
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Management Program Associate, Richmond, VA employer: Nichols College
Contact Detail:
Nichols College Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Management Program Associate, Richmond, VA
✨Tip Number 1
Network with professionals in the banking industry, especially those who have experience in commercial banking. Attend local finance-related events or join relevant online forums to connect with potential mentors and gain insights into the role.
✨Tip Number 2
Familiarise yourself with the key areas of focus mentioned in the job description, such as underwriting and loan processing. Consider taking online courses or workshops that cover these topics to demonstrate your commitment and knowledge during interviews.
✨Tip Number 3
Prepare for behavioural interview questions by reflecting on your past experiences, particularly those from internships. Think about specific examples where you showcased teamwork, problem-solving, and relationship management skills, as these are crucial for the role.
✨Tip Number 4
Stay updated on current trends in the banking sector, especially regarding commercial loans and financial services. Being knowledgeable about recent developments will help you engage in meaningful conversations during interviews and show your enthusiasm for the industry.
We think you need these skills to ace Management Program Associate, Richmond, VA
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experiences, especially any internships in finance or banking. Emphasise your GPA and any specific skills that align with the job description, such as analytical abilities and teamwork.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for banking and your understanding of the Management Associate role. Mention how your previous experiences have prepared you for this position and express your enthusiasm for contributing to the team.
Highlight Relevant Skills: In your application, focus on key skills mentioned in the job description, such as credit analysis, relationship management, and proficiency in Microsoft Office. Provide examples of how you've demonstrated these skills in past roles or projects.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial in the banking industry.
How to prepare for a job interview at Nichols College
✨Showcase Your Academic Achievements
With a minimum GPA of 3.4 preferred, make sure to highlight your academic successes during the interview. Discuss relevant coursework or projects that relate to finance, data analytics, or economics to demonstrate your knowledge and commitment.
✨Demonstrate Your Internship Experience
Since prior internship experience is required, be prepared to discuss specific tasks and responsibilities you had in previous roles. Focus on how these experiences have equipped you with skills relevant to underwriting, loan processing, and relationship management.
✨Prepare for Technical Questions
Expect questions related to financial analysis and credit risk assessment. Brush up on your understanding of financial spreads and credit applications, as well as any relevant banking software you may have used. This will show your readiness for the technical aspects of the role.
✨Emphasise Teamwork and Interpersonal Skills
This role requires excellent interpersonal skills and the ability to thrive in a team-oriented environment. Be ready to share examples of how you've successfully collaborated with others in past experiences, and how you can contribute to a positive team dynamic.
