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Intern Derivative Analyst information

What are the key skills and qualifications needed to thrive as an Intern Derivative Analyst, and why are they important?

To thrive as an Intern Derivative Analyst, you need strong quantitative skills, foundational knowledge of financial markets, and progress toward a degree in finance, mathematics, or a related field. Familiarity with Excel, Bloomberg, and risk management systems, as well as basic programming in Python or VBA, is often expected. Analytical thinking, attention to detail, and effective communication are critical soft skills for interpreting data and collaborating with team members. These competencies are crucial to accurately analyze derivative instruments, support trading strategies, and contribute value in a fast-paced financial environment.

What is the difference between Intern Derivative Analyst vs Intern Quantitative Analyst?

AspectIntern Derivative AnalystIntern Quantitative Analyst
Required CredentialsUndergraduate in Finance, Economics, or Math; some knowledge of derivativesUndergraduate in Math, Statistics, or Computer Science; programming skills preferred
Work EnvironmentFinancial institutions, trading desks, risk management teamsQuant teams, hedge funds, investment banks
Employer & Industry UsageUsed in derivatives trading, risk analysis, and structuringApplied in quantitative modeling, algorithm development, and data analysis

The Intern Derivative Analyst typically focuses on analyzing and managing derivative products within financial firms, while the Intern Quantitative Analyst emphasizes developing mathematical models and algorithms for investment strategies. Both roles require strong analytical skills and relevant educational backgrounds, but they differ in specific focus areas and daily tasks.

What types of projects or tasks can an Intern Derivative Analyst expect to work on during their internship?

As an Intern Derivative Analyst, you can expect to assist with analyzing and modeling derivative products such as options, futures, and swaps. Typical tasks include supporting trade analysis, performing risk assessments, helping to prepare reports for senior analysts, and utilizing financial software to track and value derivatives portfolios. You may also participate in team meetings and collaborate closely with traders, risk managers, and other analysts, gaining exposure to real-time market activities and industry-standard tools. This hands-on experience provides a solid foundation for understanding complex financial instruments and the operations of a derivatives desk.

What does an Intern Derivative Analyst do?

An Intern Derivative Analyst supports the analysis and management of financial derivatives such as options, futures, and swaps. Their responsibilities typically include collecting and analyzing market data, helping with risk assessments, preparing reports, and assisting senior analysts in evaluating derivative strategies. This role provides hands-on experience in financial modeling, pricing, and understanding market trends, making it ideal for students or recent graduates interested in finance. Interns work closely with experienced team members to develop technical skills and gain insight into how derivatives impact financial markets.
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Intern Derivative Analyst jobs near you
Commercial Underwriter III

Commercial Underwriter III

First Financial Bank

Cincinnati, OH • On-site

$74K - $100K/yr

Full-time

Re-posted 14 days ago

Job description

We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written!
If you are interested and qualified for this role, we invite you to apply.
The Commercial Underwriter III is responsible for evaluating and underwriting complex commercial relationships. This role involves assessing risk, financial statement analysis, strategic decision making, and ensuring compliance with company policies and industry regulations. The position requires advanced knowledge of underwriting principles and strong decision-making skills.
Essential Functions/Responsibilities
  • Performs financial analysis and risk assessment for the commercial credit portfolio for Specialty Credit including Bannockburn, Asset Based Lending, Structured Finance Lending, ESOP Lending and Large Corporate Lending. Bannockburn credit requests include foreign exchange, commodity, and interest rate derivative credit requests, including the assessment of private equity funds. Client credit exposure size from $5.0 -$100.0 million.
  • Review and analyze commercial loan requests to make a general assessment of the client's creditworthiness. Structure proposed loan request in accordance with Bank's lending policy. Provide feedback to the line of business and respective Bank credit officers, as appropriate, regarding the structure, underwriting, and risk assessment. Maintain ongoing communication with all parties on the status of request transactions.
  • Spread financial statements utilizing Bank spreading tools for all new clients and for existing client annual reviews. Financial spreading, cash flow preparation, and risk rating assessments for all new and existing clients.
  • Prepare Credit Memos for new, renewal and modification requests and client annual reviews for the existing portfolio, including those going before the Senior Credit Committee. Attendance of loan committees when a credit approval request is being presented. Finalization of changes to credit approval request and verification of approval process in accordance with FFB policy.
  • Work directly with Relationship Managers, Business Unit Managers, and Portfolio Managers in respective business lines. Includes attending local / regional meetings as necessary.
  • In conjunction with the credit officers, lead in the preparation of periodic portfolio reports assessing on-going risk via management of the pipeline report. Support the client annual review process by managing the ongoing existing client annual review pipeline.
  • Assist with special projects as needed.

Minimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the Job
  • Bachelor's Degree, preferably in Accounting, Finance, Economics, or Business Administration.
  • Up to five (5) years of credit underwriting experience.
  • Proficiency in mathematical concepts, in order to apply to practical situations.
  • Knowledge of advanced accounting principles and techniques including the ability to spread financial statements.
  • Strong interpersonal and communication skills.

Preferred Knowledge and Skills
Level of Complexity and Scope
  • Handles complex and high-risk accounts, often requiring a deep understanding of intricate business operations and industry-specific risks.

Degree of Independence and Decision-Making
  • Commercial Underwriter III operates with a high degree of independence, making strategic and complex underwriting decisions with minimal oversight.
  • Position located in Cincinnati, OH office; however, depending on internal experience, this position could be remote in another FFB office location.

Required Supervisory Responsibilities
  • Provides guidance and training to junior underwriters, helping to develop their skills and knowledge.

Physical Requirements
  • Prolonged periods of deskwork.
  • Frequent use of computer, keyboard, phone and office equipment.
  • Occasionally moving within the office or to other locations within the building.
  • Occasionally lifting and carrying light objects, typically up to 10-15 pounds.
  • Occasionally reaching for items on shelves or in drawers.
  • Clear and effective communication in person and over the phone.
  • Ability to move within an office environment.

Compliance Statement
The associate is responsible for meeting all compliance requirements imposed on First Financial Bank by State and Federal law and regulation, as well as all related First Financial Bank policies and procedures. This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements.
Development and Training
Pay Range:
$74,000/year to $100,000/year
Benefits
We have relevant, thoughtful benefits and programs that support every aspect of our associates' holistic wellbeing. Please review our Benefits Guide.
Incentive Eligibility
All roles are incentive eligible with the exception of Co-Op, Intern, or Student positions.
It is our policy to not discriminate against any individual in violation of federal, state, and local laws as it relates to age, race, color, religion, national origin, sex, marital status, pregnancy, gender identity, disability, sexual orientation, genetic information, veteran/military service, or any other characteristic protected by law.
We are an E-Verify Employer.

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