12 Month Internship - Market Activity Monitoring

Overview

Crédit Agricole CIB is the corporate and investment bank of the Crédit Agricole group, the 10th largest banking group in the world. We support major companies and financial institutions in their development and the financing of their projects. As pioneers in responsible finance, social and environmental commitments are at the heart of our activities. We offer a multicultural, dynamic, and stimulating environment where you will contribute to developing a sustainable economy. We support employees throughout their journey with opportunities across more than 30 international locations. Our culture emphasizes collaboration, innovation, and openness, valuing and empowering everyone. All jobs are open to people with disabilities. We welcome applications from candidates of all backgrounds and experiences.

Job Details

• Job title: 12 Month Internship - Market Activity Monitoring
• Contract type: Internship/Trainee
• Term: 12 months
• Location: London, United Kingdom (Europe)

Job Summary

We are seeking a Market Risk Intern to join our Treasury/Linear Products team. This role is crucial for the production and analysis of P&L figures and Market Risk indicators, ensuring compliance with market risk limits. The successful candidate will report directly to the MAM Section Head and play a key role in maintaining the integrity and accuracy of financial data. The ideal candidate will possess a strong analytical background, with the ability to apply mathematical skills to complex financial tasks.

Responsibilities

• Collect, validate, and control market parameters using Front Office systems and dedicated environments, including Global View for risk management.
• Daily production, control, and analysis of P&L figures and market risk limit utilisation.
• Conduct daily production of VAR and back testing of the VAR, plus derived risk indicators such as correlation and stress scenarios.
• Prepare and deliver daily reports on all elements of P&L and market risk, including limits breaches, to the business line and the risk manager.
• Perform daily reconciliation control of stocks, past cash flows, and FX positions between Front Office and Back Office systems.
• Calculate provisions and hold back reserves as necessary.
• Review month-end P&L reconciliation produced by the accounting/financial control department, validating adjustments or methodology differences.
• Participate in specifications, implementation, and testing of systems used.
• Coordinate with the quant team to ensure that pricers used are validated.
• Provide PnL attribution/explanation using risk indicators and market data moves.

Qualifications & Requirements

Education

• Bachelor's Degree / BSc or equivalent qualification; graduated within the past 18 months with a minimum 2:1 (or equivalent).

Experience

• Previous experience in Middle Office or Risk Management is desirable.

Skills

• Strong team player with adaptability and flexibility.
• Ability to work under pressure and meet tight deadlines.
• Strong attention to detail and a solid understanding of market activities, particularly Treasury/Interest Rate financial products.

Technical Skills

• Proficient in Microsoft Excel (including VB Macros).
• Knowledge of Python and/or R is desirable.

Additional Information

Crédit Agricole CIB is the corporate and investment banking arm of a global group committed to sustainability and corporate responsibility. The recruitment process is open to all, and adjustments can be requested if needed. The organization values diversity and inclusion and provides a collaborative and innovative work environment.