12 Month Internship - Market Activity Monitoring

Beschreibung:

Job description

Business type

Types of Jobs - Risk Management / Control

Job title

12 Month Internship - Market Activity Monitoring

Contract type

Internship/Trainee

Term (in months)

12

Job summary

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 are, but are not limited to:

* 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

Supplementary Information

Join our team at Crédit Agricole CIB, the corporate and investment banking arm of 10th largest banking group worldwide in terms of balance sheet size. We offer more than just a job.

You will be part of a dynamic and collaborative work environment where CSR is embraced in our day-to-day business operation, innovation is encouraged and diversity is celebrated.

Crédit Agricole CIB, the first French bank to have committed to the Equator Principles, is a pioneer and global leader in sustainable finance. Our commitment to sustainability and corporate responsibility means that your work will have a positive impact on our communities and the environment.
With a people-centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work - it is where you make an impact.

Our hiring process is open to all and should you have any particular needs or you may require adjustments, please let us know.

Position location

Geographical area

Europe, United Kingdom

City

London

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

* 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