Hybrid Financial Risk Management Intern

at The Bancorp

• Job title: Financial Risk Management Intern
• Job type: Internship
• Experience level: Entry level
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Sioux Falls, United States

About the role

• Financial Risk Management Intern analyzing financial risks within the Credit Risk department of The Bancorp. Collaborating with analysts on partner reviews in the growing fintech industry.

Responsibilities

• 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/