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Form of workAre you ready to make an impact at DTCC?
Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We're committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.
About our Internship Program:
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.
What to expect as a DTCC Intern:
- Access to senior leaders
- Workshops for skill-building and career development
- Participation in employee resource groups
- Team volunteering with local charities
- A sense of community
- Assigned a mentor throughout the summer
- A flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
The impact you will have in this role:
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.
*NOTE: The Primary Responsibilities of this role are not limited to the details above. *
Qualifications:
- 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
The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
