The internship proposed is at the heart of the Credit Product Line. Based in the Capital markets trading room London working as part of the Credit business (Secondary and Primary Business) which is run round the clock 5 days-a-week time zones from Hong Kong to New York.
The successful candidate will assist the Credit Business Manager in the following tasks.
1. Assist the Credit Business Manager in day-to-day queries from various Businesses and Functions
2. Perform daily Credit P&L production and related commercial analyses for the Credit Management
a) Collect P&L data for the day, challenge the data sources and chase inconsistencies, and produce the official Front Office Global P&L on Credit.
b) Perform ad hoc analysis on results, commercial margins, etc. through Business Objects and existing reports.
3. Respond to enquiries of GMD Permanent Control, RPC Permanent Control and Audit
a) Conduct investigations on trades with negative mark-ups in collaboration with GMD Permanent Control team.
b) Conduct investigations and checks following up on Audit open recommendations.
4. Help in reviewing, updating, maintaining and implementing Policies and Procedures of Global Credit
a) Ensure the Credit rules and procedures are in line with new Credit markets best practices.
b) Assisting with any remediation action on existing Credit practices to comply with the intent of Credit Policies & Procedures.
c) Help circulate the new regulatory culture in Credit to Credit staff.
5. Automation of processes, various extractions and presentations for different Credit stakeholders
a) Ad hoc special analyses, business plans, governance presentations.
b) Data extractions from different trading / FO platforms.
6. Assist the Credit Business Manager in on-going projects
Management and reporting
Report directly to the Credit Business Manager.
Legal and Regulatory Responsibilities
Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and the Financial Crime Policy.
Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.
Bachelor Degree / BSc Degree or equivalent
Academic qualification / Speciality
Any appropriate regulatory licences to manage CREDIT business
Higher education degree
Ongoing professional education courses
Previous internship in a financial institution
Integrity, synthesis, autonomy
Capacity to handle heavy workload
Organisational skills - working with precision and diligence
Strong capacity to write / formalize
Communication skills: written and oral
Calm, resistance to stress
Technical skills required
Extended knowledge of Microsoft Office, Business Objects, VBA
Knowledge of technical aspects of capital markets products
Knowledge of capital markets activities (business model, market/counterparty risks)