London - Long Term Internship - Commodity Derivatives - Credit

Europe
UK
London
Long Term Internship

The Credit Team Intern works on the Commodity Trading floor, managing and assessing counterparty credit risk in support of our OTC Trading and Futures Clearing activities. He/She liaises with Derivatives Marketers, Bankers, Internal Legal, Collateral Management, Global Risk Management and Compliance amongst others. Key responsibilities include:

  • Support marketing activities by analyzing opportunities, articulating appropriate risk appetite and structures
  • Monitor mapping and data integrity issues
  • Liaise with Legal and Bankers on legal documentation
  • Monitor Credit Valuation Adjustments / Capital, Portfolio reviews

 

CREDIT FUNCTION

  • Screen Marketers Credit Requests - help in preparation and participate in CD senior management screening committees of complex/large hedging transactions
  • Credit/Transaction Structuring; interface with Marketers and Bankers for Trading Limits & terms
  • Prepare Credit Memo for submission with Credit Proposals for approval
  • Negotiate Credit Terms and Legal Documents

 

DESK SUPPORT

  • Coordinate overall service delivery to Marketers (Simulate potential future exposure/ Assess credit lines profitability)
  • Review the scope of country risks
  • Represent Commodity Derivatives in Interdepartmental meetings
  • Interface between the desk and Coverage

 

ADMINISTRATIVE

  • Respond to Information requests from Management, Bankers, clients etc.
  • Monitor and Approve Limit input / modification
  • Review the accuracy of automatic feeds in our databases.
  • Monitor account openings on the Commodities Futures desk

 

STRATEGIC

  • Special projects, e.g. integration of specific client base within the Bank, approval process and risk monitoring for third party bank Tri-Partite Security Agreements
  • Stay abreast of Product and Regulatory Developments, and Market Trends such as cleared OTC products, CVA calculation, industry standards, insurance, legal standards, etc.

 

CANDIDATE PROFILE

  • Strong interest for Capital Markets and Commodities
  • Proficient on Excel and other Ms Office tools
  • Team spirit
  • Adaptable
  • Multi-task capacity
  • VBA skills is a plus
  • Experience in Banking is a plus
  • Language skills: English (fluency required), Foreign language (strongly recommended, French German or Italian are a plus)
  • Minimum 6 months availability

This programme is closed to applications.