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Internship

Counterparty Credit Risk Intern [2024 Internship Program]

🚀 Summer Internship

Jersey City

AI generated summary

  • You must have a bachelor's degree in Business, Economics, Finance, or Accounting, a 3.2 GPA, work authorization in the US, analytical skills, financial industry interest, intern experience, financial knowledge, regulatory understanding, and tech interest.
  • You will assist in monitoring credit risk profiles of member firms through financial data analysis, maintenance of rating models, and collaborating on process improvement projects.

Summer Internship

Accounting & Tax, Banking & FinanceJersey City

Description

  • The Summer Internship Program is a unique and challenging 10-week experience for diverse, talented, high-performing individuals interested in different aspects of the financial and technology industry. Contingent upon business needs, performance and completion of degree, our internship serves as a pipeline to our full-time early-career program EDGE.

Requirements

  • Candidates must be working towards a bachelor’s degree in the following curriculums: Business, Economics, Finance, or Accounting or any other related field
  • 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
  • Knowledge of financial statement analysis, utilizing knowledge gained in courses such as financial markets analysis and accounting
  • Familiarity with regulatory rules and regulations
  • An interest in working with new technological initiatives and setting forth business requirements

Education requirements

Currently Studying

Area of Responsibilities

Accounting & Tax
Banking & Finance

Responsibilities

  • The Counterparty Credit Risk (CCR) team is responsible for assessing the financial stability of DTCC’s member firms, treasury investment counterparties, line of credit providers, and critical third parties. CCR reviews financial statements and other relevant information to assess these firms’ credit risk profiles.
  • The Counterparty Credit Risk Intern will be responsible for assisting with the monitoring of the credit risk profile of firms consisting primarily of banks and broker-dealers. This credit risk monitoring process includes annual reviews, ongoing surveillance of monthly/quarterly financial data, ongoing surveillance of negative news, maintenance of the credit risk rating matrix (CRRM) model, and other ongoing monitoring. The CCR Intern will also become familiar with new accounting and regulatory developments, as well as macroeconomic trends, which impact member firms.
  • The CCR Intern will also assist on various projects to help the CCR team in its mandate of monitoring credit risk. These projects will likely include gathering and reviewing financial statements, analyzing current procedures to identity opportunities to streamline processes, and coordinating with other departments on initiatives such as automating processes.

Details

Work type

Full time

Work mode

office

Location

Jersey City