London – Long Term Internship 2026 – Credit Counterparty Risk Management Information

Company Overview

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards. Our employer promise is built around three pillars: being a great place to work, being committed to sustainability and having a positive impact, and being dedicated to the development of our people.

Business Area

The mission of RISK Market & Financial Institutions (“RISK MFI”) is to provide Senior Management of the Group, the RISK Function, Global Markets (“GM”), and 2S with full transparency and dynamic analysis and monitoring of market, counterparty, valuation, and liquidity risks originating and managed by CIB, as well as credit risks on Financial Institutions, to support risk decision-making and monitoring.

The MI MSI Credit Counterparty Risk team sits within Management Information (“MI”). The MI team provides General Management, Metiers, and the RISK Function with a global independent view and analysis of key risks related to market, liquidity, equity, credit, and counterparty risks, supporting optimal decision-making and contributing to group-wide internal and external disclosure. The team maintains a governance framework comprising recurring committees from Financial Market Risks Committee (“FMRC”) to Main Positions meetings. MI’s scope includes internal model and standard approach capital production for market, counterparty, and settlement risk, as well as steering and animation of the framework for capital markets stress testing for internal and regulatory purposes.

Job Purpose

The MI MSI Credit Counterparty Risk team is responsible for the identification, measurement, and analysis of main credit counterparty risks across asset classes, and the continuing evolution of the MI framework to deliver this. This includes Counterparty Risk Main Positions MI and meetings, Counterparty Risk sections of FMRC, and various contributions to Board-level Risk Committee (CCIRC), MI, and regulatory reports for supervisors and other audiences as required. Scope: Global.

Key Responsibilities

• Perform risk analysis and report compilation to support the MI Credit Counterparty Risk team in an accurate and timely manner, completing delegated tasks and proactively adding value where opportunities are identified.
• Contribute to the production of Credit and Counterparty elements of the monthly FMRC documentation, including key highlights or focus papers, to meet management needs; identify key risks for advance discussion; and perform assigned sections with guidance/roadmaps as needed.
• Contribute to the delivery of CCR Main Positions MI and meetings, including attendance and presentation; comment on exposures; identify key/emerging risks and concentrations; encourage valuable discussion; and support secretarial responsibilities.
• Contribute to regulatory demands, including ad-hoc or periodic regulatory requirements (e.g., Datagaps I-I or NFA) and related data quality tasks.
• Contribute to production of other relevant or on-demand reports for the Board, Group, Businesses, and Risk Management, as well as requests from ratings agencies, regulators, and auditors (with guidance as needed).
• Identify important metrics or topics of interest to senior management and contribute to analysis on specific points of attention.
• Improve existing processes to optimize efficiency through automation, improve transparency and functionality, and ensure optimal reporting quality.
• Adhere to procedures, and perform and enhance controls and data quality processes.

Requirements

Essential

• BSc. with a numerical focus (e.g., scientific, mathematical, or financial discipline).
• Technical skills: Microsoft Office (Expert); Counterparty Risk Knowledge (Beginner).
• Behavioural skills: Communication skills (oral & written) (Proficient); ability to deliver/results driven (Proficient); ability to collaborate/teamwork (Proficient); ability to synthesise and simplify (Intermediate).
• Management skills: Ability to manage/facilitate a meeting or committee (Intermediate).

Preferred

• Master’s level education in a technical/scientific field (e.g., maths, physics, engineering, finance).
• Technical skills: Python (Beginner); Market Risk Knowledge (Intermediate).
• Behavioural skills: Creativity and innovation/problem solving (Intermediate); ability to develop and adapt a process (Intermediate); ability to develop and leverage networks (Intermediate).
• Management skills: Ability to inspire others/generate commitment (Beginner); personal impact/ability to influence (Beginner).

Conduct

• Act as a role model by supporting and fostering a culture of good conduct.
• Demonstrate proactivity, transparency, and accountability in identifying and managing conduct risks.
• Consider the implications of your actions on colleagues.
• Embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity, and Code of Conduct).

Location and Duration

• Location: London
• Duration: 22 months