Join us as a Valuation Control Intern
- You’ll be participating in a number of core events, such as sustainability challenges, spotlight sessions and networking
- Join a collaborative and supportive environment, where we’ll give you key skills and experience to develop your career
- We're offering this internship for a period of three months for both full time hours or at a minimum of 30 hours per week
What you'll do
As a Valuation Control Intern, you’ll be completing a programme of activity to build skills and experience in our Finance programme. You'll be supporting execution and verification of valuation controls, which will include the revaluation of financial instruments based on independent model inputs and calculation of reserves.
You'll be working closely with our experience colleagues to learn from them and support them with independent price verification (IPV) for trading portfolios held by London trading desks. We look at variety of products, mainly for derivative, including futures, forwards, interest rate derivatives, CDS, inflation derivatives, currency and exotic options, as well as cash products such as bonds.
You’ll also be:
- Completing any relevant core learning and development and making sure that you complete your weekly learning log, project and any presentations required
- Supporting with the commentary of IPV results, including the confirmation of prices with external data providers and the front office
- Helping with the calculation of bid offer reserves, unobservable inputs reserves and valuation adjustments
- Supporting IPV and reserves results reporting to the front office and IPV business owners
- Contributing to prudential valuation calculation and reporting
- Completing all placement objectives as agreed with your placement line manager
The skills you'll need
You’ll need to be in your final year of Banking, Accounting, Economics or Finance related studies, and you'll have strong numerical and logical capability. We’re also looking for someone with a strong customer focus, coupled with excellent communication and interpersonal skills.
Additionally, you’ll need:
- Good knowledge of derivative financial instruments
- Fluent written and spoken English
- Good Excel knowledge
- The ability to think analytically with good problem solving capabilities
- A willingness to learn and quickly adapt to change
- An innovative and creative mind-set
- The ability to build great working relationships