I worked for the Risk Capital desk. I was involved in helping to put together the ICAAP document which is an important FSA regulation to monitor banks' capital management and adequacy. My main roles were writing and updating sections of this document, as well as helping other sections of the Risk department with excel-based analysis.
1. To what extent did you enjoy your work placement or internship?
I very much enjoyed the internship. I found the work to be challenging yet very interesting and I really liked the culture at RBC.
2. To what extent did you feel valued by your colleagues?
My colleagues within the Risk department were all very friendly. Whilst everyone is very hard-working, they could always spare some time to help me with any problems I was having, or just to have a chat.
3. To what extent were you given support and guidance by management/your supervisor(s)?
I was mainly given a lot of guidance for the first weeks and then I had more independence for the rest of the internship. My manager and the other members of my team were always willing to help me if I had any other problems.
4. How busy were you on a daily basis?
Whilst Risk is a very interesting place to be, the work is not as constant as some other areas of the bank. There were some days where I barely stopped and others where I had to ask around the team for work to do. As long as you make sure you are proactive and you actually ask for work, you will be fine. Don't expect to be spoonfed work.
5. How much responsibility were you given during your placement?
One thing I really enjoyed was having pieces of work that I knew were important to the bank. The work I did for the ICAAP document would be reviewed by the board of directors before being assessed by the FSA. Also, I wrote an excel-programme that is now being used daily in my team's reporting process. For an internship, I feel I was given a lot more responsibility than I was expecting.
6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
I doubt I will find much of a use for my skills at University. However, my experiences will be very helpful for a career in any sector of banking.
7. What was the general atmosphere in your office?
The office was not as loud and buzzing as the trading floor and could be a little quiet. However, my team were all very relaxed and chatty so I was never bored. The department is also moving to the trading floor soon so future interns will be in a more exciting place.
8. How well organised was the overall work placement or internship set up?
The internship was very well organised. The graduate recruiting team put on a great deal of social activities, intern projects, and presentations for the us throughout our 8 weeks. These involved very informative meetings with business heads, e-learning sessions, and team challenges to name a few.
9. In terms of personal training and development, to what extent did the company or firm invest in you?
As I said before, we were given plenty of opportunities to learn new skills, attend presentations and go to regular e-learning sessions. The firm definitely invested a lot of time and money in us.
10. What were the perks on your work placement?
11. How appealing are future employment prospects within the organisation?
I would love to work for RBC in the future. The working culture and the atmosphere here was very enjoyable.
12. Was there a good social scene amongst any fellow placement students/colleagues?
All the other interns were very sociable and always up for a laugh. We organised a lot of nights out/ social events amongst ourselves and I've made a lot of good friends from the process.
13. What was the cost of living and socialising in the area you worked in?
London so very expensive nightlife!
14. What was the Nightlife like in the area you worked?
I worked in London so there's never a dull moment.
15. Were there many opportunities to get involved in activities outside of work?