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12-month Internship Program: Enterprise Risk Management
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Who We Are
Banking is a risk-taking business. The goal of ERM is to ensure that State Street's risks are proactively identified, well-understood, and prudently managed in support of our business strategy. As such, ERM provides risk oversight, support, and coordination to ensure consistent identification, measurement, and management of all risks possible in providing products and services to our clients.
About The Internship Program
Enterprise Risk Management is seeking a well-qualified individual to support the UK Superstructure Team in the execution of its varied responsibilities.
Our Intern Program Is Designed For High-potential Students, Preparing You For Future Success. From Day One You Will Be Exploring a Collaborative And Dynamic Environment And You Will Receive
- A structured learning and development program, specific job-related trainings, professional development, and soft skills trainings.
- A buddy who can offer you experience, knowledge, and guidance throughout your internship.
- Dedicated networking events for the Interns.
- Leadership and business-related sessions with Senior Management.
- Possibility to grow your professional network by joining Employee Committees including: Professional PWN, Families Network, Disability & Inclusion Network, Pride & Friends Network, Environmental Sustainability Network.
This role will involve a variety of tasks, often highly demanding. Key attributes will include strong communication skills, the ability to collaborate with stakeholders from global teams, and the capability to work in a dynamic and complex environment.
Program dates: 22 June 2026 – 21 June 2027
You must be available to participate in the program in person in the UK, starting from day one for its full duration, and you are required to work from the office 4 days a week.
What You Will Do
In this role, you will perform the following day-to-day activities:
- Conduct quarterly review and updates of the SSBT London Branch Risk Appetite Framework (RAF), including required documentation, ensuring alignment with the business strategy.
- Support the annual Bank-wide Risk Identification process, in alignment with global procedures, and assess emerging risks.
- Coordinate risk interdependencies across various risk dimensions.
- Collaborate with risk stripes leads to developing the SSBT London Branch Risk Strategy.
- Act as a coordinator/project manager for risk-overarching initiatives, including audits, regulatory compliance requirements, and ad-hoc requests from the CRO.
- Maintain the Risk Governance documentation, including policies, procedures, and technical documents.
- Maintain SLAs and provide oversight on outsourced activities.
- Ensure effective internal controls and adherence to risk policies.
- Lead the collection and synthesis of data inputs from the various risk functions for monthly executive management reporting.
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What We Value
These skills will help you succeed in this role:
- Proven hands-on capabilities in managing tasks independently, with a willingness and ability to engage in multiple tasks concurrently and reprioritize effectively.
- Ability to work with tight deadlines and under pressure.
- Strong interpersonal, organizational, communication, and presentation skills (executive messaging).
- Ability to effectively develop and manage relationships at all levels.
- Ability and self-motivation to master key concepts and themes in an evolving regulatory environment and model/data landscape.
- Strong communication skills, both written and oral.
- Demonstrated strong analytical abilities and reasoning skills with attention to details.
- Team player in a fast-paced, high-energy environment.
Education And Preferred Qualifications
A minimum 2.1 honours degree or equivalent (predicted).
- Undergraduate students: degree in Economics, Business, Technology, Engineering, or a Risk Management related discipline.
- Interest or coursework related to financial markets, banking, or technology preferred.
- Familiarity with Microsoft Office tools; experience with data analysis or project tools is a plus.
To apply you must be an undergraduate who is eligible to work in the UK and able to start your placement in early June 2026 and remain in the position for 12 months. You must be intending to return to university to finish your degree after the placement.
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About State Street
State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.
Work, Live and Grow
We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance, and savings plans among other perks. You'll have access to a flexible Work Program to help you match your needs. Our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity, and Social Responsibility
We truly believe our employees' diverse backgrounds, experiences, and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program, and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer. Join us in shaping the future.
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