Financial Risk Management Intern (Hybrid)

Work Arrangement: 

***After the initial training period, this is a hybrid role, working onsite in our Sioux Falls, SD office.***

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 department’s Sr. Underwriting and Portfolio Analysts in analyzing the financial condition and risks related to Fintech Solutions partners. This 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 company’s 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).

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 master’s 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 bachelor’s or master’s 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: click here

Diversity & Inclusion at The Bancorp Bank: click here

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

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