Global Liquidity and Cash Management Summer Internship (USA - New York)

Our Global Banking Internships will inspire you to apply your skills in an international business and allow you to explore your interests within either Corporate Banking, Investment Banking or Global Liquidity and Cash Management.

For: Penultimate year undergraduates

Duration: 5 to 16 weeks

Areas: Global Liquidity and Cash Management

Start date: June 2023 onwards

Location: USA

Overview

Learn how we support corporate clients, financial institutions, and the public sector to manage their working capital, optimize returns on surplus funds, and enhance their treasury efficiency.

What you can expect

You’ll start with an induction to introduce you to banking, followed by sessions that provide understanding of corporate treasury, working capital management, and cash management fundamentals. You’ll also receive training on soft skills such as communication, networking, time management and personal branding.

We’ll show you how technology is transforming treasury management through AI, Distributed Ledger Technology, API, Cloud Services, and Robotic Process Automation. And you’ll learn about transaction banking regulatory environment frameworks, our product suites, and our client-centric approach.

The products you’ll learn about are:

• Liquidity and Investments products – these enable clients to optimize balance sheets, maximize returns and streamline treasury processes. Some examples are Demand and Term Deposits, Notional Pooling and Cash Concentration, Liquidity Management Dashboard, and Cashflow Forecasting.

• Payments – these enable the collection and disbursement of funds for clients, domestically and across borders, and provide other value-adding services like Real-Time Payments, Virtual Accounts and Omni Channel collections.

• Cards – these enhance the visibility and control of client’s expenditures, such as with Business and Purchasing Cards.

• You’ll also receive training specific to the team you’re placed in, for example, in Payments you’ll learn about the SWIFT network and how banks communicate with one another.

• You’ll work with the suite of Microsoft Office tools and develop strong Excel and PowerPoint skills, along with confidence in managing stakeholders and your time. You’ll also gain in-depth technical knowledge about transaction banking.

• You’ll have plenty of opportunities for continuous learning and people to support you during your time with us so that you’re well prepared for your future.

What you will do

• You’ll work with different teams to support clients ranging from small local businesses to large corporations, banks, and governments

• We’ll help you develop expertise in product development, meeting clients, business, and risk management with one of the following teams: Sales, Product Management, Client Management, Business Management, and the Chief Control Office.

• You’ll be responsible for supporting strategic initiatives as part of a larger workstream. And you’ll learn about HSBC’s products as you create internal presentations and support senior leaders.

• Top performers will be considered for our Global Liquidity and Cash Management Graduate Programme, which will provide you with future career prospects in transaction banking.

Requirements

• You will graduate with an undergraduate or post graduate Degree in or before June 2024.

• Currently hold a 3.2 cumulative GPA or overseas equivalent.

• You will not require visa sponsorship for employment in the US now or in the future including OPT and F-1 visa.

• Be fluent in English and be legally permitted to work in the US.

HSBC is one of the world’s largest banking and financial services organizations. Our global businesses serve around 39 million customers worldwide through a network that covers 62 countries and territories. Our customers range from individual savers and investors to some of the world’s biggest companies, governments and international organizations. We aim to connect them to opportunities and help them to achieve their ambitions.