2023 Summer Internship Development Program - Risk Operations and Strategy (Saint Petersburg, FL)

Under supervision and direction, the Risk Operations and Strategy (O&S) Intern will gain knowledge and skills in securities and banking industry compliance to develop, administer and enforce risk and anti-money laundering (AML) rules and regulations. The intern will participate in projects with significant scope and impact and provide assistance in the oversight related to change management (e.g. new products, business ventures, remediation activities, knowledge management and examination support). The intern will execute on the responsibilities delegated by the O&S Lead and team leaders and report information relevant to the unit’s performance including any potential issues.

 

• Assist in the creation and maintenance of all Risk, AML, and Sanctions policies, standards, guidelines and procedures.

• Ensure the Enterprise Risk teams comply with relevant Raymond James policies, operating procedures and other requirements through ongoing monitoring and review of the Enterprise Risk Governance framework.

• Update role-based AML training programs to support the continuous development of AML knowledge and skills within each line of business.

• Create and maintain tracking reports that capture key metrics (e.g. level of risk associated with findings, historic frequency of findings, probable cause of findings, recommended solutions).

• Develop and maintain the AML risk assessment methodologies in order to ensure adherence to compliance and regulatory requirements.

• Gain knowledge around change management activities (e.g. vendor management, M&A and regulatory changes).

• Develop and maintain metrics and reports to summarize and explain risk assessment results to relevant Senior Management, Compliance and other key stakeholder groups to ensure responses and remediation actions are promptly reported and executed as necessary.

• Responsible for special projects, reports, training and/or presentations to communicate program updates as needed.

• Provides guidance to home office associates and branch offices as applicable regarding AML policies.

• Performs other duties and responsibilities as assigned.

 

• Concepts, practices and procedures of securities industry and/or banking compliance reviews.

• Experience developing processes and procedures.

• Fundamental investment concepts, practices and procedures used in the securities industry.

• Principles of banking and finance and securities industry operations.

• Financial markets and products. 

 

• Strong interpersonal, written and verbal communication skills.

• Planning and scheduling work to meet regulatory organizational and regulatory requirements.

• Preparing oral and/or written reports. 

• Investigating issues and irregularities.

• Making rule-based and analytical decisions.

• Operating standard office equipment and using required software applications.

• Analytical skills with the ability to solve complex problems, analyze large amounts of data and execute on solutions.

 

• Implement solutions, working with various internal business units throughout Raymond James.

• Optimize work processes, multi-task and handle multiple projects with demonstrated follow-through.

• Interpret and apply anti-money laundering regulations and identify and recommend compliance changes as appropriate.

• Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.

• Work independently as well as collaboratively within a team environment.

• Establish and maintain effective working relationships at all levels of the organization.

• Maintain confidentiality.

• Maintain currency in anti-money laundering rules and regulations and compliance examination techniques and best practices.

 

• Junior or Senior standing at a four-year college or university in a related field and relevant internships/campus involvement.