Citi Buffalo Summer Internship

Citi is excited to launch its 2010 Summer Internship Program at the Buffalo, NY site for the fourth consecutive year.  This very competitive program will span 10 weeks, beginning June 7th and ending on August 13th. Selected interns will be placed on an assignment within one of the groups detailed in the business description. This is a full time opportunity that is Monday - Friday with a competitive salary.   The company will look at all concentrations, but the interns will be placed in the departments listed below.  Citi's Buffalo campus is home to many different and exciting businesses. Established over 30 years ago, this office provides a variety of services and supports our global business lines. For more information on the businesses supporting interns in Buffalo this summer, see the descriptions below.

Fixed Income Middle Office: Middle Office supports 15 discreet trading desks and 5 branches across North America.  Primary responsibilities include trade capture and trade processing of the following products, treasuries both domestic and foreign, corporate bonds, loans, derivatives, and structured credit products.  This department engages with Citi's trading and sales desks as well as with clients.  Additionally we collaborate with Operations to resolve trade related issues.

Foreign Exchange Operations: The Foreign Exchange market, also referred to as the "FX" market is the largest financial market in the world, with a daily average turnover of well over US$1 trillion.  A true 24-hour market, FX trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York.

Global Derivatives Operations: The Getzville team is responsible for managing the cash settlements for these trades and supporting global settlement processes. We are also responsible for analyzing, identifying and resolving any issues identified with Trading desks, Middle Office and counterparties located around the globe. With truly cutting edge technology, Derivative Operations offers you the chance of enhancing your analytical, investigation and communication skills while working in a fast paced environment.

Global Transaction Services (GTS): Citi Global Transaction Services is a leading provider of cash management, trade, securities and fund services, to financial institutions and corporate clients around the world. With a global network spanning 90 countries, we are uniquely qualified to service clients with local and cross-border interests and provide integrated reporting and management. Global Transaction Services offers a broad range of cash management, treasury, trade, custody, clearing, fund administration, securities financing, depositary receipt, and agency and trust services.

North AmericaReconcilement and Control: A function within the North America Controller's arm of the Finance Organization, the unit is a "shared services function" responsible for General Ledger and Cash Account Reconciliation. The Buffalo NARC team is a strategic component of the organization's vision, leveraging its ReconPlus based reconciliation model and subject matter expertise in support of building a foundation for the Reconciliation "Utility".

Risk Architecture: is the independent group that oversees market risk. The primary objective of the risk architecture group is to establish a comprehensive and independent market risk control framework that includes defining and implementing consistent policies and procedures, developing a comprehensive market risk limit setting and monitoring capability, performing the necessary market risk aggregation and analysis, developing robust stress testing analyses, working with businesses to help ensure market risk management policies and procedures are followed, acting as the ICG's market risk interface with regulators, rating agencies and the Board of Directors on independent market risk issues.

Trade Processing (Fixed Income Operations): Citi's Institutional Fixed Income Operations supports proprietary Trading and Prime Brokerage activity.  We are responsible for the processing, control and settlement of all FI instruments relating to US Treasuries and Mortgage Backed Securities.  We are an international company with clients worldwide.  Our clients leverage our expertise to mitigate risk and reduce firm exposure.

For Application Instructions and Requirements, please visit the Analyst level page.