Title: 2020 – Internship – Global Banking – Nigeria
Ref Id: INGBNG20
Global Banking / Overview
- Global Banking supports clients financial needs across more than 60 markets, providing solutions to over 5,3000 clients in some of the world’s fastest-growing economies and most active trade corridors. Our clients include large corporations, governments, banks and investors headquartered, operating or investing in Asia, Africa and the Middle East. Our strong and deep local presence across these markets enables us to facilitate trade, capital and investment flows in and for our footprint, including across China’s Belt and Road initiative.
- Our Global Banking team provides client coverage through global Industries group, financial & strategic investors group, banks and broker dealers, global subsidiaries, investors and insurance, commercial real estate focused Relationship Managers.
- We collaborate increasingly with other segments: introducing Commercial Banking services to our clients’ ecosystems – their networks of buyers, suppliers, customers and service providers – and offering our clients employee banking services through Retail Banking.
About the Programme
- The Formal Internship Programme is the Bank’s structured Internship programme. As an intern, in the summer before your final year as a student, you’ll work directly on real world problems to hone your skills, create lasting relationships and learn about your strengths. The Formal Internship Programme is intended to create a pipeline to the International Graduate Programme.
- Internships is a 10-week program, depending on location, and are open to candidates who are available to start on our full-time graduate programmes in September 2021.
- Internships typically take place during June – August, depending on location.
- 10-week program will involve on-the-job training and an innovation project which exposes you to the inner workings of our business to provide real work experience.
- You’ll be paired up with a buddy from the International Graduate (IG) Programme and to set you up for success during your internship and provide you insights into what could be your next role as an IG.
- You’ll be assigned a mentor whom will provide you with ongoing guidance and mentorship throughout the internship.
- High performing Interns will be eligible for placement in the Bank’s International Graduate Programme.
- To apply for an Internship position, you must have the legal right to work on a permanent basis in the country for which you’re applying for the full duration of the internship. If you’re applying in the US, you must have the legal right to work on a permanent basis. If candidates are applying for a role in the UAE, we may consider applications from nationals of Middle Eastern and North African countries.
- Interns must be in their penultimate (second to last) year of undergraduate study. We will accept internship applications from final year students who are required to complete mandatory National or Military service after graduation.
- The Bank does not sponsor work permits for the purposes of Internships.
- All Interns participating in the Bank’s Formal Internship Programme will be evaluated during 10th week of employment. Evaluations will be used in final recruitment decisions for the International Graduate Programme with an aim to provide an offer before the internship is completed.
Application Closing Date
How to Apply
Interested and qualified candidates should:
Click here to apply online
Note: The Bank does not sponsor work permits for the purposes of Internships.
About Standard Chartered Bank In Nigeria
In 1965, the Standard Bank of South Africa merged with the Bank of West Africa acquiring businesses including a banking operation in Nigeria, which dated back to 1894. The name was then changed to Standard Bank of West Africa. Four years after the merger, Standard Bank Nigeria was incorporated locally to take over the business in Nigeria. In 1971, 13% of the share capital was placed with Nigerian investors. The end of the civil war saw a major economic upturn and as a consequence, the military government sought to increase local control of the retail-banking sector, hence the Bank’s investment in Standard Bank Nigeria (renamed First Bank of Nigeria in 1979) was reduced to 38%. Standard Chartered remained a shareholder of First Bank of Nigeria until 1996.
Standard Chartered re-entered Nigeria in 1999 and opened to customers on 15 September 1999 as a wholly owned subsidiary of Standard Chartered Bank Plc, headquartered in United Kingdom.
Today, the Bank offers a wide range of products and services in Retail; Wealth Management; Commercial; Corporate and Institutional; Private, Digital and Transaction Banking business. Standard Chartered employs over 900 staff and sees Nigeria as a growth centre. There are about 22 branches, with ATMs in each branch, located in Lagos, Port Harcourt and Abuja. The new ultra-modern Nigeria Head Office was opened in 2014.
- Nigeria is a very attractive and fast growing market for Standard Chartered Bank Nigeria (SCBN)
- Banking sector reforms are a core part of Nigeria’s broad economic restructuring programme. In Q4 2005, the Standard Chartered Group injected US$147m in new equity to meet the minimum capital requirement of US$185m – recognition of the importance of SCBN to the Group franchise
- The organic growth strategy of SCBN is delivering substantial growth in profitability. Despite the challenges in the external environment, SCBN has consistently achieved stunning results due to best-in-class cost management and strong asset book management
- The Bank is committed to achieving profitable growth in its core businesses which include Banking (covering our Corporate and Institution banking business), Retail Banking (RB) and Commercial Banking (CB). Banking business in Nigeria consists of the Relationship Management and Client Coverage teams, supported by the Client and On-Boarding Management (COBAM) team and product partners in Transaction Banking, Financial Markets, Corporate Finance and Capital Markets.