Business type Types of Jobs – Corporate & Investment Banking
Job title Summer Internship – Cross Currency Rates
Contract type Internship/Trainee
Term (in months) 8 – 12 Weeks
Job summary
Department Overview
Cross Currency & non G3 Rates Trading team is in charge of all Non-Euro Rates Products: Government Bonds, Cross Currency, Interest Rate Swaps, FRA’s, Futures and FX markets.
Internship will cover a large scope of trading area:
Pricing Methodology within multicurves environment (IR curves Stripping, Derivatives Pricing, Electronic Trading)
Hedging methodology (Best Practice and Regulation, Market Liquidity)
Trading Book Management (Risk Management, X-Gamma Exposure)
Primary responsibility is to support the Cross Currency & G8 Rates Trading desk based in London in order to free up the traders.
Key Responsibilities
Responsible for the smooth running of trader support activities on the desk, including, but not limited to:
Production of PNL, FX exposure, Funding, Brokerage fees and Risks reports
Delivery of commercial contributions and activity metrics
Spreadsheet developments
Collecting and analysing information on desk funding requirements and procedures
Providing PNL explanation indicators
Participation to the systems upgrades with the identification of developments needed, their testing and validations
Reporting on an informal basis on specific business-related issues to the Traders and / or the Global Head of Cross Currency & G8 Rates.
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.
Position location
Geographical area Europe, United Kingdom
City London
Candidate criteria Minimal education level
High school / Secondary school / A levels / AS levels / IB
Academic qualification / Speciality
Undergraduate Degree in Engineering, Math or Science or an equivalent numerate subject.
Required skills
Ability to prioritize effectively – planning and organisation of work, anticipation and respect of deadlines with attention to detail
Technical skills required.
Strong numerical, analytical and spreadsheet skills
About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022). 8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank’s clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients. For more information, please visit www.ca-cib.com Twitter: https://twitter.com/ca_cib LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
