A leading global asset servicing provider are seeking a Risk and Permanent Controls Intern to join their team in London. The organisation delivers a comprehensive range of services to institutional clients, including custody services for Collective Investment Schemes, Pension Schemes, and Wealth Managers, as well as fund administration and related services.

The Risk & Permanent Controls Intern will support the local Risk Department in monitoring, assessing, and managing risks across the UK Branch and its business lines.

The role provides hands-on exposure to operational risk management, credit and counterparty risk oversight, regulatory reporting, and internal control frameworks, while working closely with both local teams and Group Risk functions in Luxembourg and Paris.

This is a developmental internship designed to build strong foundations in risk management within a regulated financial services environment. This is a 12 month fixed term contract and will be based on site in the City of London with a salary of £35,000 + excellent benefits.

Key Responsibilities

Operational Risk Management

• Support the implementation and ongoing operation of the internal control framework.
• Contribute to the development and periodic review of internal risk assessments across local business lines.
• Perform second-level controls on a sample basis to assess the effectiveness of first-line operational controls.
• Analyse control results, identify deficiencies, and provide clear recommendations.
• Prepare and submit control results through structured reports, summaries, and assessment indicators.
• Review and challenge business line control plans and risk maps to ensure alignment with operational developments.

Credit & Counterparty Risk Oversight

• Monitor daily risk reports, portfolio limits, and potential or actual limit breaches.
• Track breaches from identification through to resolution, ensuring timely mitigation of risk.
• Support pending transaction monitoring, cash-flow forecasting, and client onboarding or liquidation processes.

Risk Support & Documentation

• Manage Risk Department mailboxes and ensure queries are appropriately directed and resolved.
• Support ad-hoc investigations and project-based initiatives in collaboration with business teams.
• Maintain and update Risk Permanent Controls, policies, and procedures to ensure ongoing regulatory compliance.

Skills, Experience & Qualifications

Education & Experience

• Bachelor’s degree in Finance, Risk Management, Financial Services, Business, or Accounting (required)
• Experience in financial services, risk, audit, compliance, or a related field.

Personal Attributes

• Strong analytical skills with excellent attention to detail.
• Ability to assess complex information, identify patterns, and exercise sound judgement.
• Well-organised, able to prioritise tasks and manage multiple responsibilities.
• Comfortable working independently as well as collaboratively in a team environment.
• Strong written and verbal communication skills.
• Curious, proactive, and motivated by continuous improvement and learning.

What This Role Offers

• Exposure to risk management within a global financial services organisation.
• Practical experience working within regulated environments.
• Collaboration with international teams across Europe.
• A strong foundation for a future career in risk, compliance, audit, or financial services.