A core function of Operations is to control and manage the processing of trades made by the various other divisions of the bank – chiefly Sales and Trading. Operations also oversees many regulatory requirements of the bank, as well as resolving discrepancies in trades. Much of its work also needs to take place 24 hours a day 7 days a week, in different markets and different time zones. In many instances, therefore, Operations adopts a ‘follow-the-sun’ model to ensure processes are able to work continuously around the globe.

Everything sales and trading do post-trade (after they’ve executed a trade and put it into their system) is pretty much down to Operations. That includes all of the trade confirmations, right the way down to settling trades and passing funds between counterparties, as well as booking the profit and loss to the Finance team.

Typically operations is split into a number of areas, that normally include:

Trade Processing & Support

Various processes are required to take each transaction or transfer-of-ownership (in the case of securities such as bonds and shares) to completion. Firstly funds must be cleared. Next the confirmation of ownership must be confirmed - or ‘settled’. Finally the transaction needs to be reconciled, which means it’s documented and reported.

Operations Control

This area involves trouble-shooting problems with internal systems, and looking to streamline the process of settling transactions. One part of Operations Control might be checking data is being effectively communicated from the front office to other areas of the bank. Another might be the measuring and reporting of any operational risks that could arise within the systems in place.

Client Services

This area speaks directly to clients to help resolve transaction settlements at their end, offering advice and support, and providing information to clients about what’s happening with their trades.

  • Amplify Trading. Their six-week Internship Training Programme is one of the country’s most prestigious programmes for interns, with financial giants including Citigroup, HSBC, Deutsche Bank, Morgan Stanley and Pimco asking Amplify to recommend their most successful trainees at the end of each course, proving its worth in today’s market.  It will provide you with professional front office trading experience that will give you a real edge when applying for jobs in the financial sector  Graduates will now also receive a Level 5 Diploma in Trading & Financial Markets Analysis. This is in addition to the invaluable training and experience each class gains in financial market research, hedge fund trading, investment bank sales & trading and portfolio management. A programme where students undertake the exact same training that Amplify deliver to their global investment banking clients as part of their graduate training schemes. There is a cost to the programme: £1400 + VAT per stage and there are 2 stages.
  • Bank Of America Merrill Lynch: running for ten weeks between June and August, a summer internship provides a thorough introduction to the financial services industry. Full-time and internship programmes are available in the following areas: Compliance, Corporate Audit, Global Banking and Markets Wholesale Credit, Global Corporate & Investment Banking, Global Liquidity Risk Management - Corporate Treasury, Global Loan Products, Global Markets, Global Research, Global Transaction Services, Market Risk, Quantitative Management and Technology. Learn more about Bank of America's assessment process and online tests HERE.
  • Barclays: 8-10 week internships are available in Global Markets, Investment Banking, Technology and a broad range of other business functions such as Compliance, HR, IT, Global Events, Risk Management, Corporate Communications, Legal and Operations. Find out more about how to prepare for the job assessment process for Barclays here.. 
  • BNP Paribas: London, New York, Hong Kong or Singapore offices recruit summer interns for 10-12 weeks. 
  • Citi: opportunities across capital markets, corporate banking, sales & trading, private banking, HR, operations, transaction services, technology & risk. Learn more about Citi's assessment process and online tests HERE.
  • Commerzbank: internships available in most areas including fixed income sales & trading, market risk and IT. 8 weeks+ at any time of the year.
  • Credit Suisse: a range on internships available within investment banking, equities, fixed income, alternative investments, global markets solutions, operations & IT. Learn more about Credit Suisse assessment process and online tests HERE.
  • Deutsche Bank: internships available in asset management,corporate finance, markets, transaction banking, technology & operations, HR & risk. Learn more about Deutsche Bank assessment process and online tests HERE.
  • Goldman Sachs: 10 week programme. Find out more about how to prepare for the job assessment process of Goldman Sachs HERE.
  • HSBC: programmes include banking advisory, capital markets, leveraged finance, global markets, research, asset management, finance, technology, operations & private banking. Practice tailored psychometric tests similar to the ones used by HSBC HERE.
  • ICAP: 8 week structured programme. Practice tailored psychometric tests similar to the ones used by ICAP HERE.
  • Jefferies. they offer a 10 week programme in Investment Banking in Europe. You will receive division specific training as well as classroom training, seminars, social events and mentoring.
  • JP Morgan: intern positions are available within asset management, finance, HR, Risk, Investment banking, Operations, sales & trading, research, technology & treasury.
  • Lazard: their 10 week Analyst programme is based in their London office. There are also opportunities in Paris and other offices globally. Applications open in August. 
  • Macquarie Bank: opportunities exist within fixed income, commodities, funds group, capital, securities, risk and IT. 
  • Mitsubishi UFJ Securities International: 10 week programme. Summer Internships. Opportunities exist within Global Markets, Investment Banking, Corporate Infrastructure and Technology. They take 10-12 interns each year. 
  • Morgan Stanley: 10 week internships available across the bank in institutional securities, investment management, wealth management, technology & operations, corporate. Find out more about how to prepare for the job assessment process of Morgan Stanley HERE.
  • Nomura: programmes available in sales, trading, research and structuring. Find out more about how to prepare for the job assessment process of Nomura HERE.. 
  • RBC Capital Markets: 8 week programme in investment banking
  • RBS Group: programmes available in markets & banking, retail & wealth and central areas such as business services, risk, finance, technology and operations. They also offer a 12 week winter internship starting in January. 
  • Standard Chartered Bank: programmes available only in Asia, Africa and The Middle East.
  • Societe Generale: 10-12 weeks in length in either Corporate or Investment Banking. 
  • UBS: positions available across sales, trading, research, corporate, global capital markets, finance, HR, IT, operations, risk and legal. Learn more about UBS assessment process and online tests HERE.
  • Unicredit: They offer an intrenational Internship Programme. The program, is sponsored by the Foundation UniCredit & Universities in cooperation with UniCredit and offers the opportunity for students in economics, finance, banking, management, engineering or law to do a 3-months summer internship. Jobs are available in different areas of the bank. Positions exist throughout Europe. 

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