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The Details

DΞΛDLINΞ IN

BΛCK

SUMMΞЯ INTΞЯN – OPΞЯΛTIONS

 

Job Code: 1235574

Skill Band: Operations Location: London

Type: Temporary Date Posted: 19 Jan 2024

Our ICBC Standard Bank Summer Internship Programme 2024

We believe our internships offer a fantastic platform to shape your future career. The Summer Internship Programme is run yearly in multiple functions and regions across ICBCS. Our intern programme offers centrally run events to enhance networking, training opportunities and career support. For more information about ICBCS and our Summer Internship Programme please visit our Careers Site.

The deadline for submitting your CV for the 2024 Summer Internship Programme is 9am on Monday 29th January.

Division: Operations

Location: This role will work in our London Office, which is located near St Pauls and Bank stations. For our summer internship programme, we would expect you to spend most of your time in the London office.

Duration: The Internship Programme will run for a period between 8-12 weeks (Monday 17th June to the Friday 6th September). Please ensure you can fully commit to this timeframe.

Overview of ICBCS

ICBC Standard Bank is a joint venture between ICBC and Standard Bank Group specialising in commodities and emerging markets serving a global client base from four international offices. The Bank represents a strategic partnership between our parent companies with its strong Chinese and African heritage and supportive shareholders.

All job applicants will be treated fairly and equally. The bank is committed to promoting diversity and inclusion. Our vison statement: “Be Yourself, Succeed Together” and our core value of Openness underline our desire for a culture which is open and transparent and values difference, enabling everyone to consistently achieve whilst being themselves.

Division Summary

The Operations department is responsible for ensuring the complete end-to-end processing of the Bank’s transactions and services. They are responsible for ensuring that the appropriate control framework exists to ensure the accuracy of this processing as well as the recording of this in the Bank’s books and records. Operations are also responsible for the accurate and timely reporting of the Bank’s transactions to multiple regulatory stakeholders globally.

Your Role

We are hiring for 7 positions within the Operations Summer Internship Programme across different functions:

The Operations department performs the following functions:

  • Trade Support
  • Financial Settlements
  • Physical Settlements
  • LME Trade Clearing Services
  • Clearing and Vaulting Services
  • Structured and Banking Products support
  • Facilitation of trade finance and documentary credit products
  • Confirmations
  • Payments Sanctions Screening
  • Collateral Management
  • Operations Control
    • Balance sheet substantiation
    • Nostro production and reconciliations
    • Risk and control oversight and monitoring
  • Regulatory Operations
  • Cash, Interest Claims and Nostro management
  • Brokerage Services
  • FX, money market, NDF and OTC derivative settlements
  • OTC derivatives and securities confirmations

The purpose of this role is three-fold:

  • For the intern to gain a good and broad understanding of the Bank and Operations as a whole; whilst ensuring a more specific understanding of the specific functions in which the intern is allocated
  • To assist the Operations team in the delivery of various project initiatives (these will be allocated upon commencement of the internship)
  • To assist the Operations team in RTB processing

Key Responsibilities:

  • Specific responsibilities will be defined at the start of the internship depending upon the specific Operations team in which the internshipaa is placed, but will include:
  • Processing various RTB (run-the-bank) functions. These functions may include functions such as trade validation, matching, confirmation, payments and settlements, reconciliations etc.
  • Specific project deliveries
  • Presentations to management on various topics

Your Knowledge, Skills and Experience

  • Strong eye for detail and good at analysing data
  • Experience with adhering to strict procedures.
  • Understanding of risk and control processes
  • IT literate (Word, Excel) and able to quickly adapt to new software systems
  • Good interpersonal skills and solid team player.
  • Self-motivated and proactive.
  • High level of personal integrity and respect for our regulatory requirements.
  • Plans and prioritises own work, makes best use of own time and meets deadlines.

For any questions or further support, please contact London-Resourcing@icbcstandard.com.

ΛPPLY

About ICBC Standard Bank

ICBC Standard Bank is a joint venture between ICBC and Standard Bank Group specialising in commodities and emerging markets serving a global client base from four international offices.  The Bank represents a strategic partnership between our parent companies with its strong Chinese and African heritage and supportive shareholders.  We specialise in global markets traded products including commodities , fixed income. and currencies, with a focu son frontier and emerging market jurisdictions.

We have a global presence, headquartered in London with offices in New York, Shanghai and Singapore.

We share the same values, challenges and opportunities.  We are a diverse, close-knot, global team with a unique heritage and purpose, We put people first, and give talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise, seek new opportunities and realise their potential.

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