What might you be doing?

As an intern in Risk you'll develop expertise in assessing and managing the risks of both loan products, traded and operating products. You'll have the opportunity to experience a trading environment, the excitement of transaction execution, discuss use of the bank's capital, perform in-depth reviews of various industries, contribute to setting strategies to reduce the firm's overall credit exposure and analyse credit risks on an industry, client and transactional basis.

You will work in small teams alongside senior professionals and as such will develop a network of contacts across the business. You will be required to present your findings, articulate your opinions and offer your solution to the issue in hand. Active participation in these processes will be a pre-requisite to success.

During your internship in the firm you will be placed in one of the main areas within Risk. Some examples of the roles in which you may be placed in your internship are listed below:

As an analyst in Credit Risk Management, you will review financing and trading proposals. You will present your recommendations based on the risks you have identified to senior Credit Executives, develop means to mitigate against those risks and help in marketing the transaction to both the client and the market.
In the Portfolio Solutions and Collateral management team you will work with marketers, traders, and Credit Risk Managers to facilitate transactions. You will model and price the counter party credit risk on derivatives and provide structuring and credit risk mitigation advice.

As part of the public side risk management team, you could be responsible for supporting a Senior Credit Analyst in maintaining an in-depth understanding of specific industries and companies. The development and maintenance of financial models, the gathering of industry statistics, and the understanding of credit structures, collateral and legal agreements will be your primary responsibility. The modelling that you will perform will include liquidity projections, capital structure analysis, restructuring and liquidation analysis.

In the Special Credits Group you will work as part of a small team to evaluate the longer term viability of companies in financial distress. You will evaluate turnaround strategies and management, and be involved in the leadership of creditor groups in effecting restructurings.
Understanding credit and credit risk is important in every business of the firm.  A role in Risk will provide a solid foundation for your longer term career development whether that is to be in Risk or in other parts of the firm. 

Can you do this?

You obviously need a proven academic background, but because of the diversity of roles here and the nature of the job, your background could be economics, law, finance or accounting as well as the more traditional arts and sciences.

You will also need to be flexible enough to cope with change and have lots of energy and enthusiasm. You will also need to be numerate, able to communicate effectively and have an eye for detail. You need to be able to interpret any information you receive and have the confidence to question it.  Your ability to write concise and well-reasoned reports which explain and justify your conclusions and recommendations is essential. 

You'll be required to work both as part of a team and individually, without undue supervision, anticipate what is required and be proactive rather than reactive. With many conflicting calls on your time you will need to manage your own work effectively and efficiently and constantly communicate your progress.

As business is primarily conducted in English, verbal and written fluency in English is essential. However, as we are a global business and operate extensively throughout Europe, the Middle East and Africa, fluency in other languages is extremely beneficial.