At a Glance
- Tasks: Analyse market risk and P&L figures while ensuring compliance with limits.
- Company: Join a leading financial institution with a focus on innovation.
- Benefits: Gain hands-on experience, mentorship, and networking opportunities.
- Other info: Dynamic team environment with potential for career advancement.
- Why this job: Make an impact in the finance world while developing your analytical skills.
- Qualifications: Recent graduates with strong analytical and mathematical skills are encouraged to apply.
The predicted salary is between 20000 - 30000 £ per year.
We are seeking a Market Risk Intern to join our Treasury/Linear Products team. This role is crucial for the production and analysis of P&L figures and Market Risk indicators, ensuring compliance with market risk limits. The successful candidate will report directly to the MAM Section Head and play a key role in maintaining the integrity and accuracy of financial data. The ideal candidate will possess a strong analytical background, with the ability to apply mathematical skills to complex financial tasks.
Key Responsibilities
- Collect, validate, and control market parameters using Front Office systems and dedicated environments, including Global View for risk management.
- Daily production, control, and analysis of P&L figures and market risk limits utilisation.
- Conduct daily production of VAR and back testing of the VAR, along with derived risk indicators such as correlation and stress scenarios.
- Prepare and deliver daily reports on all elements of P&L and market risk, including limits breaches, to the business line and the risk manager.
- Perform daily control of reconciliation of stocks, past cash flows, and FX positions between Front Office and Back Office systems.
- Calculate provisions and hold back reserves as necessary.
- Review month-end P&L reconciliation produced by the accounting/financial control department, validating any required adjustments or identified methodology differences.
- Participate in the specifications, implementation, and testing of systems used.
- Coordinate with the quant team to ensure that the pricers used are validated.
- Provide PnL attribution/explanation using Risk indicators and Market Data moves.
Qualifications
- Bachelor Degree / BSc Degree or equivalent.
- Graduated within the past 18 months and with a minimum of 2:1 or equivalent.
Experience
- Previous experience in Middle Office or Risk Management is desirable.
Required skills
- Strong team player with adaptability and flexibility.
- Ability to work under pressure and meet tight deadlines.
- Strong attention to detail and a robust understanding of market activities, particularly Treasury/Interest Rate financial products.
Technical skills required
- Proficient in Microsoft Excel (including VB Macros).
- Knowledge of Python and/or R is desirable.
12 Month Internship - Market Activity Monitoring employer: Crédit Agricole CIB
Join a dynamic and innovative team as a Market Risk Intern, where you will gain invaluable experience in the fast-paced world of Treasury and Linear Products. Our company fosters a collaborative work culture that prioritises employee growth, offering mentorship and training opportunities to enhance your analytical skills. Located in a vibrant financial hub, we provide a supportive environment that encourages creativity and professional development, making us an excellent employer for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land 12 Month Internship - Market Activity Monitoring
✨Tap into Campus Resources
Universities often have strong ties with banks and financial institutions. Make sure to check in with your career services for any internship fairs or networking events. These can be golden opportunities to meet representatives from firms like Crédit Agricole CIB and make a lasting impression.
✨Join Finance Societies and Clubs
Get involved with finance or investment clubs at your university. These not only offer great networking potential but often host guest speakers from the industry. Show your enthusiasm and engage with these professionals—who knows, they might tip you off about internship openings at Crédit Agricole CIB!
✨Have Your Application Ready to Go
Internship applications can be competitive and come with tight deadlines. Be proactive! Have your CV and cover letter prepared and tailored for roles at Crédit Agricole CIB. When the openings go live, you’ll want to be one of the first to apply.
✨Leverage LinkedIn for Connections
LinkedIn is a powerful tool, especially in the banking sector. Follow recruiters from Crédit Agricole CIB and connect with alumni who are working in similar roles. Don’t hesitate to drop them a message to introduce yourself and express your interest in internships—they might have insider info or even refer you!
We think you need these skills to ace 12 Month Internship - Market Activity Monitoring
Some tips for your application 🫡
Show Off Those Grades!:In banking and financial services, your academic background is super important. Make sure to highlight your grades, especially in finance, economics, or maths. If you've got any relevant coursework or projects, don’t hesitate to include them in your CV!
Craft Your Cover Letter with Care:For an internship, we want to see your enthusiasm and motivation. Use your cover letter to explain why you’re excited about this opportunity at Crédit Agricole CIB and what you hope to learn. Be personal and connect the dots between your education and the role of 12 Month Internship - Market Activity Monitoring.
Squeaky Clean CV:Your CV should be clear and free of jargon. Focus on the skills that matter most in the banking sector, like analytical thinking and attention to detail. Don't forget to include any internships or part-time jobs that show your experience in a banking environment!
Utilise Relevant Experiences:If you've been involved in finance-related clubs or societies at university, mention that in your application. Showing your practical experience alongside your studies can make a real difference and demonstrate your passion for the financial world. We love seeing candidates who go the extra mile!
How to prepare for a job interview at Crédit Agricole CIB
✨Show Us Your Analytical Skills
As an intern in the banking and financial services sector, you'll want to showcase your analytical skills. Be ready to tackle numerical and case questions during your interview. Brush up on your data interpretation abilities and consider scenarios where you've used data to solve problems.
✨Know Your Financial Tools
Familiarise yourself with the financial tools and software commonly used in banking, like Bloomberg or Excel for financial modelling. We recommend having a couple of examples where you've applied these tools in your studies or projects to impress the interviewer.
✨Be Passionate About Learning
Internships are all about learning, so express your enthusiasm for the banking industry. Share what trends you're excited about, or recent news you've followed, to show you're motivated and engaged. This can set you apart from other candidates who might be less enthusiastic.
✨Prepare for Behavioural Questions
Expect behavioural questions that assess your fit within a team and your ability to handle challenges. Think of examples from your studies or group projects that highlight your teamwork, adaptability, and communication skills. We want to see how you've navigated situations that are relevant to the workplace!
