Financial Risk Management Intern
The Bancorp
internship
Posted on:
Location Type: Hybrid
Location: Sioux Falls • South Dakota • 🇺🇸 United States
Visit company websiteJob Level
Entry Level
About the role
- Analyzes and evaluates financial reports and assists in writing financial risk reviews for enterprise clients.
- Evaluates client processing models and characteristics to calculate risk associated with diverse product types.
- Reviews large datasets to ensure the acceptability of Sponsored Entities and their processing activities.
- Reviews Merchant Card Processing and ACH Origination Applications for completeness and consistency with the underwriting guidelines.
- Tracks and follows up on missing or incomplete financial statements to ensure prompt client responses.
- Conducts research and provides analysis on prospective clients and current clients completing due diligence and know your customer (KYC) activities.
- Gains understanding of how third-party business models work for underwriting activities.
- Participates in credit report review, less complex financial statement analyses and due diligence reviews on clients.
- Gains understanding, calculates, interprets, and applies basic financial and business ratios to evaluate creditworthiness and potential risk exposure.
- Gains an understanding of payment services offered by financial institutions and the potential risk associated with each.
- Conducts all underwriting and reviews activities in accordance with the company’s policies, standards, and operating procedures.
- Compiles reports in Excel or Word to quantify the results.
- Performs other duties as assigned.
Requirements
- Excellent verbal, written, and interpersonal communication skills with the ability to effectively and clearly communicate and present ideas to senior leadership.
- A team player, able to work effectively in a team fostered, multi-tasking environment.
- Ability to prioritize and organize work.
- Strong analytical and problem-solving skills.
- Strong working knowledge of Excel.
- Proficient in Microsoft Office suite (Excel, Word, Outlook).
- Eligible to work for any employer in the United States for the full duration of the internship.
- Enrolled full-time in an undergraduate college degree program at the rising junior level, junior or senior level standing, enrolled in a master’s program or recently graduated within the past six months.
- Students must have a cumulative GPA of 3.0, this will be confirmed by the recruiter.
- Pursuing a bachelor’s or master’s degree directly related to the department for which the internship program is listed.
- Must be available for full-time internship.
- May not be related to any employee of The Bancorp.
Benefits
- Company Culture at The Bancorp Bank : https://www.thebancorp.com/company/company-culture/
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
financial analysisrisk evaluationdata analysiscredit report reviewfinancial statement analysisKYC activitiesfinancial ratiosunderwritingreport compilationExcel
Soft skills
verbal communicationwritten communicationinterpersonal skillsteamworkmulti-taskingorganizational skillsanalytical skillsproblem-solving