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2021 Strategic Transactions Group Summer Analyst

New York, United States

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Date live: 10/13/2022

Business Area: COO & Functions

Area of Expertise: Campus - Finance

Contract: Summer Internship

Reference Code: 00274918

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Barclays and Tesco Bank

Tesco Bank helps more than three million customers manage their money a little better every day. Barclays acquired Tesco’s retail banking business in the UK in 2024, and we’ve been growing together ever since. We offer Credit Card, Savings and Loans products that earn Clubcard points. For customers, that means more choice and better rewards. For colleagues, it means broader career paths and bigger opportunities.

Our Opportunities

Working with Tesco Bank products and customers - and being a member of Barclays’ global team - creates all kinds of opportunities. Whether your interests lie in Customer Service, Risk, Data & Analytics or Technology, we’ll equip you with the tools and support to do a great job and make an impact every day. This is a friendly, caring and inclusive place where you can be yourself and find your potential. With the whole of Barclays to explore, we’ll help you gain the skills and experience to build a career that grows with you.

Do you thrive on challenge?

Barclays makes markets in nearly all major asset classes, providing sophisticated, timely solutions to our clients. Our team works in a fast-paced, dynamic and exciting environment, quickly processing information and anticipating market trends to help clients make their next move. The Strategic Transactions Group (STG) is a structured finance business within Barclays.  STG has a mandate to execute cross-border, regulatory-driven internal and client-facing transactions involving tax, regulatory, credit and market risk. STG’s objective is to utilize its world-class execution function and deal management capabilities in support of clients and the Barclays Group. The business facilitates and executes transactions with clients (being primarily financial institutions) and Barclays Group entities, in respect of multiple asset classes including fixed income, commodities and foreign exchange as well as across multiple jurisdictions including the Americas and Europe. STG delivers value across the broader group by complementing the firm’s mandate for tax management, capital and return on equity targets. The business has professionals based in New York, London and the Channel Islands. 

Sound like the place for you? Find out when you join us as a Summer Analyst.

The chance to make an impact

As a Summer Analyst, you’ll spend the summer working across all areas of the business encompassing product development, origination, trading and execution.  Specific tasks may be along the lines of any of those described below.

  • modeling the economic benefits of proposed transactions including trading strategies
  • analyzing and researching all aspects of proposed transactions and trading strategies with regard to commercial, economic, accounting, tax and regulatory considerations
  • analyzing international regulatory frameworks, tax law and accounting standards to develop project proposals
  • collaborating with internal and external counsel to draft contractual documents and board materials
  • socializing transaction proposals to the firm’s internal functions (Treasury, Risk, Tax, Legal, Finance, Accounting, etc.) to gain functional expertise and support
  • managing legacy trade responsibilities, including risk and profit or loss management
  • preparing pitch books for client presentations
  • preparing internal approvals papers detailing proposed transactions

A place where you can thrive

At Barclays, you’ll be surrounded by people who will help you achieve your ambitions. Our collaborative, supportive environment gives you the chance to build solid relationships with senior leaders and peers alike. During the program, you’ll also:

  • participate in formal and informal training
  • connect with junior and senior mentors
  • attend dedicated networking sessions and other program events
  • receive detailed performance feedback
  • give back to the community through volunteer events.

And if you really impress us, this could be the beginning of an incredible career. We invite top-performing, eligible summer analysts to join us as full-time analysts after graduation.

To be considered for this program, you must:

  • Be an undergraduate student with an anticipated graduation date between December 2021 - June 2022.

Ideally, you would also have:

  • a GPA of 3.2 or above
  • a strong interest in business and finance, though no specific major is required
  • resourcefulness, team-orientation, enthusiasm and an entrepreneurial spirit, demonstrated through participation in extracurricular activities.
  • Strong problem solving and numeracy skills
  • Inherently inquisitive nature
  • Excellent communication skills with a demonstrable ability to clearly articulate complex and inter-connected concepts
  • Self-driven and confident with strong relationship management skills

Ready to apply?

Please submit an application through Barclays’ online system. Then, submit your resume and cover letter through your school’s career management application system if required. Please note that you can apply to only one Barclays’ internship program globally.

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

We are an equal opportunity employer and we are opposed to discrimination on any grounds.

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

Our Purpose and Values

We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect

We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.

For further information about Barclays, please visit our website home.barclays

To learn more about careers at Barclays, visit joinus.barclays

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 39 countries and employing around 100,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.

To find out more about Barclays' strategy please click here.

We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

Working in Edinburgh

Our bright, modern EHQ building is based in the busy business district at the Gyle, to the west of Edinburgh. It’s an area well served by public transport and within walking distance from Bankhead tram station as well as South Gyle and Edinburgh Park train stations.

Our People

"Developing Product Owner skills showed me how small changes can create real impact."

"I worked in talent acquisition for over six years, mainly focusing on technology and business change recruitment, before joining the Tesco Bank Talent Acquisition team in 2021.

During this time, I was involved in implementing our new Applicant Tracking System. This gave me valuable exposure to Agile ways of working and the opportunity to help shape the platform to improve the experience for colleagues and candidates.

Through the project, I began developing Product Owner skills. I supported my learning through LinkedIn Learning courses and by connecting with colleagues already working in Product Owner roles, alongside guidance from our Head of Customer Experience. I was then successful moving into a Product Owner role in one of our Product Management teams."

Matt, Product Owner

Be you. Be valued. Belong.

We celebrate the unique perspectives and experiences each individual brings, believing our differences make us stronger and drive success.

You can learn more about our commitment to our colleague on our Inclusion and Opportunities page.

What you'll get in return

Competitive holiday allowance

Life assurance

Private medical care

Pension contribution

Application process

1

Your application

We'll ask you for some info about yourself, along with your CV and a cover letter. Let us know why you're excited about this new opportunity.

2

Your assessment

Depending on the role you're eyeing, there might be an assessment to showcase your skills. Don't worry – we'll give you all the details you need to prepare.

3

Your interview

We’ll sit down and talk about your experiences and the talents you bring. This is your chance to go into the details, ask any questions on your mind, and together we'll figure out how to move your career forward.

4

Next step

We'll request a bit more information to help you complete our screening process. Then you're all set.

Hybrid working

At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.