Compliance Intern [2024 Internship Program]

The Depository Trust & Clearing Corporation (DTCC)

Nov 24, 2023

Applications are closed

Internship
Full-time
Summer Internship
Banking & Finance
Jersey City

Requirements

Candidates must be working towards a bachelor’s degree in the following curriculums: Business, Political Science, Economics, Finance, Accounting, Computer Science, MIS, or Business & Technology Management
Candidates must have authorization to work permanently in the US without the need for sponsorship (now or in the future)
Candidates must have minimum of a 3.2 GPA upon graduation
Talents Needed for Success:
Must demonstrate superior analytical and communication skills
Strong interest in the financial services industry, with previous internship experience a plus
Ability to work within a team environment

Responsibilities

The impact you will have in this role:
DTCC’s Compliance department is dedicated to protecting the firm against the risks of non-compliance with applicable laws and regulations and lapses in internal policies. Our main responsibility is the development and maintenance of DTCC’s compliance program and to provide enterprise-wide oversight and support to DTCC’s subsidiaries and business areas.
Your Primary Responsibilities:
Assist with the identification and evaluation of compliance risks associated with global requirements
Assist with compliance monitoring related to policies and procedures, employee trade monitoring, AML, and global sanctions activities
Prepare management reports and conduct research to support compliance activities
Support department records management efforts
Aid in projects as deemed priority by management

The Depository Trust & Clearing Corporation (DTCC)

Financial Markets. Forward.

Finance

Industry

5001-10,000

Employees

1973

Founded Year

Mission & Purpose

With 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes and bringing increased security, enhanced resilience and soundness to financial markets. In 2022, DTCC’s subsidiaries processed securities transactions valued at U.S. $2.5 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $72 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 17.5 billion messages annually