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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 2025 Summer Internship Programme is 9am on Monday 10th February 2025.

Duration: The Internship Programme will run for a period between 8-12 weeks (Monday 16th June to the Friday 5th September). Please ensure you can fully commit to this timeframe.

About the job

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:

  • Preparation and Independent verification of the daily and monthly Profit and loss account
  • Balance sheet reconciliation and substantiation
  • Valuation testing of the Bank's positions
  • Preparation and development of Management Information (MI)

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:

  • Monthly accounting processes & Balance Sheet substantiation
  • Financial reporting and variance analysis commentary for stakeholders across the Bank
  • Liaising with stakeholders to update monthly rolling budgets / forecasts for headcount & expenses

The treasury capital management team

Responsible for the calculation and reporting of the Bank's capital and liquidity position as well as all prudential reporting to the PRA and ICBC Head Office across a range of regulatory metrics.

Interns in this team will gain a good understanding of the regulatory landscape in which banks operate and be actively involved in the provision of key information to stakeholders, including:

  • Daily calculation of regulatory capital, large exposures (LE), leverage ratio, liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) and associated MI reports to business and senior management
  • Detailed analysis and commentary on changes in regulatory metrics and close collaboration with Corporate Treasury and other key functions within Finance
  • Completion of prudential regulatory returns and Head Office templates
  • Contribution to the forecasting and budgeting processes

The financial reporting and 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

  • Reviewing and investigating requests for changes or creation to master data
  • Administering the process for changes to SAP user profiles for ICBCS - including access requests for new users
  • Review/enhance specific financial control processes
  • Maintenance and administration of the Account substantiation monitoring system

What you'll need to be successful

Experience/knowledge required

  • Basic financial instrument knowledge would be beneficial,
  • Microsoft Office application knowledge (Excel, PowerPoint, Access) would be beneficial

Qualifications

Currently studying towards a degree or equivalent in their penultimate or final year

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.

We're a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.

We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

If you're excited about joining our Intern programme, get in touch. We'd love to hear from you!