Position: Intern (6 Month Contract)
Department: Capital Markets
Reports To: Vice President
Employment Status: Full-Time, Exempt
Office Location: Midtown, New York
Job Summary:
A boutique private bank is seeking a versatile candidate with strong analytical and communication skills to assume a multi-faceted role within a growing organization.
Job Specific Responsibilities and Duties:
- Preparation of materials for Board of Director meetings.
- Produce Excel reports, daily, weekly, monthly and quarterly related to banking activity, interest rates and loan origination.
- Interest Rate Swap market-to-market and daily margin posting.
- Analysis of prospective client portfolios in order to develop proposals
- Corporate and Municipal Bond credit analysis and ongoing surveillance and credit committee member.
- Mortgage Pricing, Bank Liquidity Reporting, Foreign Currency Hedging
- Preparation of quarterly Account Review Committee (ARC) materials and attend ARC meetings for private banking entities.
- Develop integral knowledge of BNY Pershing NetX360 custodian platform
- Preparation of regulatory and audit responses for external agencies
Basic Requirements:
- Bachelors Degree in Finance, Economics or related major
- MBA or advanced education a plus
- Close attention to detail
- Desire to work in fast paced environment
- Eager to learn complex financial concepts
Compensation:
$25 - $30/hour depending on candidate experience
The job description outlined above is considered a core list of job duties/requirements. This document should not be considered a complete or comprehensive list. The incumbent assigned to this position is required to perform the duties listed above. The incumbent is also expected to adapt to changes and/or additions as needed. Nothing contained within this document is intended or shall be construed to create or constitute a contract of employment between any employee or group of employees and Emigrant Savings Bank and its Subsidiaries. Emigrant Savings Bank and its Subsidiaries retains and reserves any and all rights to change, modify , amend, add to or delete from any section of this document as it deems, in its judgment, to be proper.
Skills Required
- Bachelor's Degree in Finance, Economics or related major
- MBA or advanced education
- Close attention to detail
- Desire to work in fast paced environment
- Eager to learn complex financial concepts
What We Do
In 1850 a group of Irish emigrants founded Emigrant Bank as a mutual savings bank in New York City. Today, Emigrant is New York’s oldest savings bank, serving local communities with 35 branches and various banking subsidiaries: Emigrant Capital, Emigrant Financial Services, Emigrant Business Credit Corp., Emigrant Funding, New York Private Bank & Trust and Emigrant Mortgage Company. Emigrant Bank is regulated by both State and Federal regulators. All deposits are insured by the FDIC up to the legal limit.
