12 months Internship
August 2025
Job Title: 12 months Internship
Field/Department: The New York Branch Bank Operations - Credit Services / Trade Settlement
Description: The New York Branch of a German commercial bank is seeking an intern to work in its Credit Services / Trade Settlement Teams to support both teams with the respective daily operations and process related administrative functions.
Responsibilities:
Credit Services:
- Support loan closing, deal amendments and agency-related tasks.
- Handle loan administration tasks, including booking loan drawdowns, rollovers and repayments, fee booking and settlement in Loan IQ.
- Assist with the preparation and reconciliation of reports.
- Collaborate with the team to manage account statements, handle overdue items and perform cash flow reconciliation in the Corona system.
- Work with compliance requirements and contribute to monthly, quarterly and annual borrower and guarantor certificate review.
Trade Settlement:
- Assist with the daily payment function, and support the transition to the new ISO 2022 standard.
- Support the settlement activities for Derivatives, Bonds, and MM transactions, including but not limited to reconciliation & confirmation tasks.
- Support the GIC group in their customer support and product settlement tasks.
- Participation in various projects.
Requirements:
- University degree in either/or Business Administration/Finance/Accounting
- Minimum of one year work experience in the Financial Industry a plus
- Proficient in English
- Excellent computer skills (Microsoft Office)
- Loan IQ, SAGE, Corona a plus
- Good communication-, analytical-, and people skills
- Hardworking and inquisitive self-starter
- Ability to work independently
- Ability to multi-task
- Detail oriented and organized
Benefits and Compensation:
Stipend: USD 65,000 (gross) per annum or USD 5,416.67 (gross) per month.
Vacation Entitlement: 10 vacation days plus 2 personal days over a 12-month period.
Sick Time: Maximum of 6 days per calendar year, as accrued under the terms of the NY City Earned Sick and Safe Time Act
Paid Bank Holidays
Medical Benefits: The Bank will not provide medical benefits so the trainee should make their own arrangements.
If you are interested in this position, please forward your resume and cover letter to:
Please include “Your Name – Name of the Position” in the subject line. No phone calls please. You will only receive a response if the Bank is interested in your application.
Start date:
September 2025