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Intern, Counterparty Research

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Fidelity Investments

23d ago

  • Internship
    Full-time
    Off-cycle Internship
  • Data
    Banking & Finance
  • London

AI generated summary

  • You must be enrolled in a degree program, possess strong communication skills, work independently, manage workflow, and be detail-oriented with a grasp of Microsoft Office and new tech.
  • You will monitor risks, conduct analysis, generate reports, improve processes, assist in system development, and ensure data integrity in counterparty risk management.

Requirements

  • Currently enrolled in a degree seeking program
  • Excellent interpersonal and communication skills
  • Able to work independently
  • Able to exercise judgment on appropriate level of involvement from others depending on issue to resolve
  • Manages workflow and effectively responds to changes in requirements and priorities
  • Working knowledge of standard office applications/ Microsoft Office tools
  • Comfort with learning new technologies and applications for workflow, reporting, data management, data exploration
  • Able to synthesize information within conceptual understanding of core function and act upon this framework to the benefit of the business function
  • Detail oriented and superior organizational skills
  • Candidates should be eligible to work in the UK

Responsibilities

  • Daily Exposure Monitoring: acquire and apply knowledge of risk management practices as pertains to counterparty risk management. Effectively utilize the risk monitoring platform to identify and communicate issues. Advise relevant parties as appropriate. This may include escalating risk anomalies to CRA management and, when appropriate, investigating and resolving counterparty exceptions with all trading areas, trading operations areas, technology support teams, shared services teams. Act as company subject matter expert for information on CRA operations providing consultation across business units.
  • Risk Analysis: Provide risk analysis as pertains to counterparty exposure measures. Identify potential sources of operational and counterparty risk assessment error. Applies judgment in the assessment of project risks, escalates problems in a timely manner, and formulates methods for issue resolution. Research includes investigation of channels and principal inputs to the key risk measures of CRA.
  • Reporting: Acquire expert knowledge of the reporting tools and data sources toward the development, production, interpretation of risk management reporting. Devise ad hoc reporting as necessary to meet the needs of the business function.
  • Process Building and Innovation: Translate business goals and objectives into risk action plans and initiatives. Evaluate current processes and procedures. Initiate proposals and plans for improvements. Collaborate on development efforts and follow through to implementation.
  • Systems User Interface Development: contributes to the development of proprietary applications by providing requirements and user acceptance testing.
  • Data Management: contributes to the maintenance and integrity of CRA proprietary data and relevant domains of common data. Must be attentive to detail and accuracy. Ensure high quality risk reporting/monitoring environment.

FAQs

What is the main focus of the Counterparty Research & Analytics (CRA) team?

The main focus of the CRA team is to protect clients from risk of loss arising from trading and treasury relationships with financial institutions, through independent risk management and research.

What are the key responsibilities of the intern in the CRA Risk Monitoring team?

The intern will be involved in daily exposure monitoring, risk analysis, reporting, process building and innovation, systems user interface development, and data management.

What qualifications are required for this internship?

Candidates must be currently enrolled in a degree-seeking program and possess excellent interpersonal and communication skills, the ability to work independently, and a working knowledge of standard office applications such as Microsoft Office.

Will the intern be involved in developing reporting tools?

Yes, the intern will acquire expert knowledge of reporting tools and data sources to assist in the development and production of risk management reporting.

Is prior experience in risk management necessary for this internship?

No prior experience in risk management is specified as a requirement, but a comfort with learning new technologies and applications is essential.

How will the intern manage workflow and adapt to changing priorities?

The intern is expected to manage their workflow effectively and respond to changes in requirements and priorities as they arise.

Is there a specific location requirement for this internship?

Yes, candidates should be eligible to work in the UK.

What skills are important for this internship?

Detail orientation, superior organizational skills, good judgment, and the ability to synthesize information are important for this internship.

Can the intern expect to work on process improvements?

Yes, the intern will evaluate current processes and procedures and may initiate proposals for improvements as part of their role.

Will the intern receive training on risk management practices?

Yes, the intern will acquire and apply knowledge of risk management practices as they pertain to counterparty risk management.

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Fidelity Investments

Finance
Industry
10,001+
Employees
1946
Founded Year

Mission & Purpose

At Fidelity, our goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. We do this by focusing on a diverse set of customers: - from 23 million people investing their life savings, to 20,000 businesses managing their employee benefits to 10,000 advisors needing innovative technology to invest their clients’ money. We offer investment management, retirement planning, portfolio guidance, brokerage, and many other financial products. Privately held for nearly 70 years, we’ve always believed by providing investors with access to the information and expertise, we can help them achieve better results. That’s been our approach- innovative yet personal, compassionate yet responsible, grounded by a tireless work ethic—it is the heart of the Fidelity way.

Benefits

  • Commuter benefit program

  • Dependent care flexible spending (FSA)

  • Mental health resources

  • Discount programs for employees

  • Maternity & parental leave

  • On-site health & wellness centers