2024 Summer Analyst Program: Risk Management - Hybrid/New York, NY

MUFG

Sep 29, 2023

Applications are closed

Job
Full-time
Entry Level
Banking & Finance
New York

Requirements

Based on background, interest, and firm need – interns will be selected to work in one of the following areas:
Credit Risk: The risk of loss and reduction in capital, and weakened financial resiliency, arising from borrowers or counterparties not paying as agreed on loans or other contractual agreements.
Market Risk: The risk that changes in interest rates, foreign exchange rates, and other market risk factors will impact the value of certain assets or liabilities that the enterprise owns, and could result in losses that reduce profitability or negatively impact our capital cushion
Liquidity Risk: The risk that the enterprise will not have, or may simply be perceived as not having, enough cash, liquid assets, or fulfill liabilities to fund loans, pay operating expenses, or other contractual obligations as they come due
Interest Rate Risk: The risk that changing interest rates could adversely impact interest income from loans and other credit products and interest expense paid to depositors and other funding sources, potentially reducing net interest income and overall operating profit
Operational Risk: The risk from events which may have an adverse effect on current projected financial condition and resilience arising from inadequate or failed internal processes or systems, human error or misconduct, or adverse external events.
Compliance / Financial Crimes: The potential that events will have an adverse effect on current or projected financial condition and resilience arising from violations of, or non-conformance with, laws, rules, regulations, prescribed practices, internal policies and procedures, or ethical standards. Compliance risk also includes the risk of offering products and services, or engaging in practices, that may be perceived as harmful or negatively impactful to consumers.
Enterprise Risk Management: Risks resulting from reputational and strategic events. Also, encompassing Risk Governance functions such as risk appetite etc.
Quantitative Risk Control: The use of any Models invariably presents Model Risk, which is the potential for adverse consequences (e.g., financial loss, poor business and strategic decision-making, or damage to an organization’s reputation) from decisions based on incorrect or misused Model outputs and reports.
Graduating between December 2024 and Spring 2025
3.0 GPA or higher preferred
Strong interest in Banking/Financial Services/Risk Management
Pursuing a Bachelor’s degree in one of the following fields: Business, Finance, Economics, Accounting, Supply Chain Management, Data Analytics, Marketing or a related field
Coursework in microeconomics, macroeconomics, finance, business, or previous internship experience in the financial industry
Microsoft Suite proficiency (Excel, Word, PowerPoint, Outlook)
Process oriented with strong organizational, project management and multi-tasking skills
Ability to work autonomously and demonstrate execution in demanding situations
Clearly evidenced client service, interpersonal, and written/verbal communication skills
Ability to grasp concepts quickly and independently; interpret data, draw conclusions, and present findings effectively
Adapts well to changing priorities; learns new tasks and activities quickly
Applicants must be authorized to work in the United States on a permanent basis and not require visa sponsorship now or in the future. MUFG will not hire individuals for internships whose work eligibility is based on their F-1 or other limited student visa status
Preferred Skills
Experience with Tableau, SQL, Python, Microsoft Power BI, Infopath, and/or Sharepoint
Previous internships, volunteer, professional or academic club experiences
Knowledge of banking systems and practices, market factor or regulatory environment is a big plus
Experience in client servicing and requirements identification
Advanced Microsoft Office skills including Excel proficiency.

Responsibilities

The Risk Management Summer Analyst Program at MUFG is designed to help you learn how the Bank maintains a disciplined approach to identifying, assessing, managing, reporting, and mitigating risks.
Our 10-week Summer Analyst Program begins in early June and is structured to provide rising seniors with hands-on experience and business exposure in the world of Risk Management. You will be placed in a specific group that allows you to concentrate and quickly develop the skills and knowledge required to become an integral part of the team. You will work alongside MUFG professionals at all levels who will serve as your instructors and mentors. Interns also have the opportunity to attend learning sessions led by Americas Risk Management professionals in all of the Risk Disciplines at the bank. The Risk Program is designed to help you experience just what it’s like to manage risk within a Global Investment Bank.
In this role, the Analyst will have opportunities to interact with colleagues within Americas Risk Management and the Lines of Business and Products Owners while rotating through activities in their assigned area of a given risk discipline. With the goal of learning the components of the MUFG Risk Framework and how it is implemented within the Bank to effectively assess, monitor, and control risk. Additionally, the Analyst will have the opportunity to work on cross functional projects to gain insights into how the various risk frameworks intersect and support the overall management of risk at the Bank and support the strategic goals of MUFG.

MUFG

Be the world's most trusted financial group

Finance

Industry

10,001+

Employees

1864

Founded Year

Mission & Purpose

MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 2,100 locations in more than 50 markets including the Americas, Europe, the Middle East and Africa, Asia and Oceania. The Group has over 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. Through close partnerships among our group companies, the Group aims to be the world's most trusted financial group, flexibly responding to all of the financial needs of its customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges.