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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
- 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.
