JOB CODE: 1235540
Skill Band: Finance 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.
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 in Finance will run for a period of 8-12 weeks from June to 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.
We have nine opportunities across the four areas below, and you will be asked to specify your preferred area in the application form
The Product Control Team
Acts as an independent control department to help ensure the integrity of the Bank’s financial statements through:
At its core it involves preparing daily P&L reporting for a trading desk or group of trading desks within a specific asset class (e.g. Commodities, Rates, Credit).
In addition, the role also involves the preparation and development of Management Information (MI) and also has a project-based component, e.g. involvement on the implementation of new systems or processes in the Bank.
As a Product Controller, you will work in close contact with the Front office trading functions as well as other support departments such as Risk and Operations, allowing you to understand why and how a bank trades on a daily basis.
The Management Information team:
Responsible for the accounting processes associated with Operating Expenses and Client Revenue tracking, as well as for producing financial analysis to monitor the bank’s performance. This intern role will gain exposure to:
The TCM Reporting and Stress Testing team:
Responsible for the calculation and reporting of the Bank’s capital and liquidity positions as well as all prudential returns to the PRA and Bank of England covering capital, liquidity, large exposures, leverage, Net stable funding ratio, asset encumbrance and a range of statistical returns, as well as various internal MI packs
Assist in the timely and accurate completion and submission of all capital and liquidity returns and provision of management information, including:
The Financial control team:
Responsible for General Ledger control processes, Balance Sheet Substantiation, monitoring and reporting of services provided through SLAs and change management for key data attributes used across Financial reporting, as well as internal MI and compliance reporting.
The department consists principally of qualified accountants, with a high degree of individual autonomy operating in conjunction with an emphasis on team goals and objectives
For all areas
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.