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12 Month Internship - FX Business Management


Vacancy details

General information

Entity

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.


For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/

By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.   

Reference

2024-90610  

Update date

19/06/2024

Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

12 Month Internship - FX Business Management

Contract type

Internship/Trainee

Term (in months)

12 Months

Job summary

Key Responsibilities

1. Assist the FX Business Manager in day-to-day queries from various Businesses and Functions

2. Act by delegation of the FX Business Manager to maintain proper FX Governance, to lead commercial initiatives and to complete transversal projects

a) Help manage and conduct ongoing controls such as the FX Remediation Plan.

b) Act as backup of the FX Business Manager in attendance of FX Governance meetings and committees, if needed.

 

3. Perform daily FX P&L production and related commercial analyses for the Forex Management

a) Collect P&L data for the day, challenge the data sources and chase inconsistencies, and produce the official Front Office Global P&L on Forex.

b) Perform ad hoc analysis on results, commercial margins, etc. through Business Objects and existing reports.

 

4. Respond to enquiries of GMD Permanent Control, RPC Permanent Control and Audit

a) Conduct investigations on trades with negative mark-ups in collaboration with GMD Permanent Control team.

b) Conduct investigations and checks following up on Audit open recommendations.

 

5. Help in reviewing, updating, maintaining and implementing Policies and Procedures of Global FX

a) Ensure the FX rules and procedures are in line with new recommendations under FCA Remediation Programme, and new FX markets best practices.

b) Challenge the existing practices and help the FX Business Manager apply remediation actions to comply with the intent of FX Policies & Procedures.

c) Help circulate the new regulatory culture in Foreign Exchange to FX staff.

 

6. Automation of processes, various extractions and presentations for different FX stakeholders

a) Ad hoc special analyses, business plans, governance presentations.

b) Data extractions from different trading / FO platforms.

 

7. Handle on-going FX Business Management Office relationships between the FX Product Line staff and other Businesses and Functions

Business Managers of parallel and regional functions
Sales force
Operations: Middle Office / Back Office
Market Activities Monitoring
Finance Department
Credit Risk Department
Compliance/Legal
IT Department
Permanent Control
Internal Audit

Position location

Geographical area

Europe, United Kingdom

City

London

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

Graduate

Experience

Proved skills to resolve issues arising from interactions

Required skills

  • Integrity, synthesis, autonomy
  • Capacity to handle heavy workload
  • Organisational skills – working with precision and diligence
  • Strong capacity to write / formalize
  • Communication skills: written and oral
  • Calm, resistance to stress

Technical skills required

  • Extended knowledge of Microsoft Office, VBA
  • Knowledge of technical aspects of Forex markets
  • Knowledge of capital markets activities (business model, market/counterparty risks)