Counterparty Credit Risk Intern [2024 Internship Program]

The Depository Trust & Clearing Corporation (DTCC)

Mar 21

Applications are closed

Internship
Full-time
Summer Internship
Accounting & Tax
Banking & Finance
Jersey City

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

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.

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