If you’re seeking to kickstart your career in investment banking and gain hands-on experience with a global leader, Deutsche Bank Group has an incredible opportunity for you. The company is inviting applications for the role of Product Control Intern, based in Mumbai. This internship is a stepping stone to developing expertise in financial analysis and investment banking processes.
Key Responsibilities
As a Product Control Intern, you’ll be entrusted with critical tasks that drive the bank’s operational efficiency. Your primary responsibilities will include:
- Ensuring the accurate and timely production of daily T+1 P&L reports, alongside attribution and analysis.
- Providing detailed commentary and investigating variances for Front Office traders and senior Finance managers.
- Resolving breaks such as discrepancies in Model vs. Actual (Ledger) Cash, FO/MO systems, and trade documentation.
- Addressing and resolving model risk control exceptions.
- Ensuring strict compliance with risk and control guidelines.
- Managing stakeholder expectations by promptly addressing queries and issues from various teams, including Finance directors, Front Office traders, Risk management, and others.
- Understanding trade flows and booking structures to ensure precise trade capture and funding cost allocation through Funds Transfer Pricing.
Essential Requirements
To thrive in this role, you should possess the following qualifications and skills:
- Preferably an MBA/Chartered Accountant/CPA/ACCA/CIMA/CFA.
- Relevant experience in financial control or product control within investment banking is a plus.
- Comprehensive understanding of financial market products, including Loans, Bonds, Credit, Derivatives, Cash Equity, Swaps, Options, and Futures.
- Solid knowledge of Fixed Income products such as Bonds, CDS, TRS, IRS, and Loans.
- Familiarity with IFRS/GAAP is preferred.
- Strong grasp of the investment banking environment, from trade capture to balance sheet management.
- Proficiency in Microsoft Office, particularly Word and Excel.
- Experience with Front Office systems is advantageous.
- Effective time management, prioritization, and issue escalation skills.
Internship Details at a Glance
| Detail | Information |
|---|---|
| Location | Mumbai |
| Duration | 2 months |
| Stipend | Not disclosed |
| Working Days | 5 Days |
| Internship Type | In-office, Full-time |
| Eligibility | Fresher, Graduate, Postgraduate, MBA students |
About Deutsche Bank Group
Founded in 1870, Deutsche Bank is a trailblazer in the global banking industry. Headquartered in Germany, it boasts a dominant presence in Europe, the Americas, and the Asia Pacific. The bank provides financial services to an array of clients, including corporations, institutional investors, SMEs, governments, and private individuals.
Important Notice
Deutsche Bank and Unstop do not charge any application fees. If you encounter requests for payment during your application process, report them immediately.
Embrace this opportunity to work with an industry leader and acquire invaluable skills to propel your career in the financial sector.
Apply today and take the first step towards a promising future!
