Financial Risk Management Intern

For over 20 years The Bancorp has been providing nonbank companies with the people processes and banking technology to meet their individual needs. As a result we have become an industry-leading provider of reliable technology-forward solutions that move our partners businesses into the future. At The Bancorp we Define Fintech Partnerships. The Bancorp does more than just enable our clients product innovations we create lasting partnerships with a future-focused approach to technology and services. Today and every day we work to continually transform the payments landscape.

The Financial Risk Management Intern will work within the Credit Risk department for the Fintech Solutions division. As a Financial Risk Management intern you will work alongside the departments Sr. Underwriting and Portfolio Analysts in analyzing the financial condition and risks related to Fintech Solutions role will focus on assisting department staff in completing new partner reviews of a wide range of company types including early-stage venture-funded private companies as well as large well-known public companies in the Fintech sector. Applicants can expect to gain invaluable experience and learn the nuances of the growing Fintech industry and the unique risks that are present within the companies that The Bancorp partners with. With an industry-leading new facility collaborative environment and exciting projects The Bancorp Fintech Solutions division has a great experience to offer.

Essential Functions

1. Analyzes and evaluates financial reports and assists in writing financial risk reviews for enterprise clients.
2. Evaluates client processing models and characteristics to calculate risk associated with diverse product types.
3. Reviews large datasets to ensure the acceptability of Sponsored Entities and their processing activities.
4. Reviews Merchant Card Processing and ACH Origination Applications for completeness and consistency with the underwriting guidelines.
5. Tracks and follows up on missing or incomplete financial statements to ensure prompt client responses.
6. Conducts research and provides analysis on prospective clients and current clients completing due diligence and know your customer (KYC) activities.
7. 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.
8. Gains understanding calculates interprets and applies basic financial and business ratios to evaluate creditworthiness and potential risk exposure.
9. Gains an understanding of payment services offered by financial institutions and the potential risk associated with each.
10. Conducts all underwriting and reviews activities in accordance with the companys policies standards and operating procedures.
11. Compiles reports in Excel or Word to quantify the results.
12. Performs other duties as assigned.

Preferred 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).
• No travel required.

Program Eligibility

• 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 masters 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 bachelors or masters 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.

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank N.A. and Benefits Information: Culture & Background Screening