About Standard Bank
Standard Bank Group is the largest African banking group by assets, with a market cap of approximately R318 billion (USD 23 billion) at 30 June 2019. The Group offers a range of banking and related financial services across sub-Saharan Africa.
The Group’s strategy is to be an African focused, client-centered, digitally enabled universal financial services organization, which drives Africa’s growth and creates value for all the Group’s stakeholders. Its clients are at the center of everything it does. This is the Group’s central organizing principle in building a digitally enabled universal financial services organization. It aligns the Group’s efforts to change the way it does things, develop its people and shift its culture, and ultimately create a sustainable competitive advantage in a changing industry.
Standard Bank has a 156-year history in South Africa, and started building a franchise in sub-Saharan Africa almost 30 years ago. The Bank has an on-the-ground presence in 20 countries on the African continent, and solid local knowledge required to operate a successful business in Africa.
The Bank’s presence in, and connection with, global financial centers enables the Bank to facilitate investment and development flows in Africa, and access to international capital to facilitate growth, diversification and development in Africa. Standard Bank also has a strategic partnership with the largest bank in the world, Industrial and Commercial Bank of China (ICBC), who is a 20% shareholder in the group.
The Standard Bank strives to push the Bank forward so it can effect real, positive change for the communities it works in today, and those hoped to work in tomorrow. T Standard Bank, there is nothing more important than helping its people push themselves forward and expand their potential. Your core training is adapted to the program you choose, but everything else is down to you. Right here is a world of development opportunities – anything from shadowing senior colleagues to sharing expertise at international conferences – and a continent of untapped potential.
Standard Bank is committed to quality and value in everything it offers to its customers, and because you’ll contribute to both from the moment you join Standard Bank, it’s only fair that the Bank recognizes the quality you bring, and just how much the Bank values it.
You’ll see it in how Standard Bank manages and reward your performance, as well as the extra benefits you could be entitled to – perhaps even shares in the Bank. It all depends on you and the program you choose at Standard Bank.
Standard Bank Internships
If you want to take part in securing investments that will power Africa’s move to sustainable energy, you should join Standard Bank. With Standard Bank South Africa you can be the banker who thinks beyond what is possible to realize the potential that Africa has, especially in sustainable energy fuelled water sanitation solutions, as well as in education and health solutions.
The Standard Bank is offering the Corporate and Investment Banking Internship Program every year. The Standard Bank Internship Program is designed to give candidates real life, on-the-job exposure in the Bank’s core pillars of business. You will have rare opportunity to work on interesting projects and live case studies, build valuable networks across the Bank and most importantly, embark on a fantastic learning journey that will help shape your future career.
The Standard Bank Internship Program offers 2 opportunities:
- CIB Short term Student Assignment
This opportunity is given to students who have passion in digitization and innovation, and who loves playing the markets. The program commences with dedicated training to boost your technical and soft skills before moving you on to rotation in the following business areas: Investment Banking, Global Markets, Client Coverage, and Transactional Products and Services. The duration of this opportunity is 4 weeks.
- CIB Risk: Short Term Student Assignment
Risk management is enormously complex. Standard Bank partners with businesses to understand credit risk to optimizing their returns, but the Bank also assesses a range of other areas including financial, economic, legal, political, regulatory, environmental and reputational risks.
The CIB Risk Management Internship is an intensive program for those with ambitions to be part of this growing and exciting team, that lead its investment decisions, as it seeks to understand the challenges and opportunities of Africa. The duration of this internship program is 4 weeks.
Standard Bank Internships are available to students in their final year of study (Honors level, or a 4-year degree course). The Bank’s Graduates come from a diverse set of backgrounds and experiences. The Bank recruits from a wide range of degree disciplines. These include Business Science, Economics, Financial Math, Risk Management, Financial Management, and Investment Management.
Standard Bank seeks candidates who are highly motivated, with a commercial focus, curiosity, passion for problem solving and drive to innovate. You should be able to think on your feet, enjoy being challenged and demonstrated good attention to detail. Teamwork is key, and Standard Bank looks for candidates that bring a degree of humility, collaboration and willingness to roll up your sleeves.
Within the CIB Internship Program, accommodation will be provided for all candidates at Standard Bank’s Global Leadership Center for the duration of the program, including a monetary stipend to cover living expenditure. The Standard Bank internship will be hosted in the Bank’s Rosebank offices (30 Baker Street, Johannesburg).
Applying for Standard Bank Internships
In order to start your application for the Standard Bank Internships, you will need to create an account, complete your application and attach your Curriculum Vitae (CV).
If your pass teh first screening, Standard Bank will invite you to interview on campus, at its offices or over the phone. The Bank may ask you back for a further interview or psychometric test.
The last step, and the most intensive, is the assessment. At Standard Bank’s Global Leadership Center, you will be taking part in a range of interviews, presentations and team exercises while getting the opportunity to network with some of the Bank’s senior bankers.
For further information, please contact Mpho Mthembu via e-mail at Mpho.Mthembu@standardbank.co.za or Nicola Johnston at Nicola.Johnston@standardbank.co.za. Visit the Standard Bank official website to learn more about the Bank and other opportunities it offers.