Apply on Employer Site

The Bancorp · 22 hours ago

Financial Risk Management Intern (Hybrid)

Greater Sioux Falls Area

Internship

Hybrid

Intern

The Bancorp is an industry-leading provider of technology-forward solutions in the Fintech sector. The Financial Risk Management Intern will assist the Credit Risk department in analyzing financial conditions and risks related to Fintech Solutions partners, providing invaluable experience in the growing Fintech industry.

BankingFinanceFinancial ExchangesFinancial ServicesPayments

No H1B

Hiring Manager

Patrick Johnson

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

Qualification

Financial analysisRisk evaluationExcel proficiencyMicrosoft Office suiteAnalytical skillsCommunication skillsTeam playerProblem-solving skills

Required

Eligible to work for any employer in the United States for the full duration of the internship. The Bancorp will not assist in applying for visas or altering the visa status of applications

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

Preferred

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)

No travel required