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 opport0unities 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

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.

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

Key responsibilities

  • 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
  • Processing various RTB (run-the-bank) functions. These functions may include functions such as trade validation, matching, confirmation, payments and settlements, reconciliations etc.
  • 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 (Run the Bank) processing

What you'll need to be successful

We're looking for the following skills and experience. If you don't have all of these but think you could be a good fit for the role, get in touch.

  • 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.

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!