Intern - Regualtory Reporting at Lloyds Banking Group

Top Employer
Duration
Placement (5-9 Months)
Region
Edinburgh Scotland
Review Date
Salary
£18,000 - £19,999
Roles
Banking/Finance
Lloyds Banking Group is a Top Employer

7.1/10

The Role
7.5
Organisation
6.8

Socialising

7.0

The Role

Role Description

Supporting the calculation and reporting of risk weighted assets and capital positions.

1. To what extent did you enjoy your work placement or internship?

The people in the team are probably the element I enjoyed most. There is a very collaborative culture and friendly atmosphere at Lloyds Banking Group. No shortage of office banter and social occasions with colleagues. Most of the work I was given was enjoyable but I was given some filing and other mundane work which I was happy to do but wouldn't say I enjoyed.

8/10

2. To what extent did you feel valued by your colleagues?

I was made to feel very welcome by my colleagues from day one. They all made an effort to invest time in me and show me what they do. As I earned their trust they gave me progressively more difficult and interesting work. By the end I felt more like a full member of the team than an intern and was treated like it.

9/10

3. To what extent were you given support and guidance by management/your supervisor(s)?

The management style was ideal for me. I enjoy working independently and being given free rein to tackle a project in the way I see fit and at my own pace. That being said my manager was always there to support me when I needed and put aside plenty of extra time to get me up and running in the initial weeks.

8/10

4. How busy were you on a daily basis?

This varied week by week. Most weeks I had the right amount of work, there was a week when I had too much but I enjoyed the challenge. The last couple of weeks I have not had quite enough work but have had something to every day and then have managed to be proactive enough to seek out work to stay busy.

7/10

5. How much responsibility were you given during your placement?

About as much responsibility as I expected. About half my work was analysis for not-very-senior stakeholders but I was given full responsibility for it. About a quarter was mundane tasks such as filing and about a quarter was writing important commentary for packs that go to many senior management colleagues.

6/10

6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?

The skills I have learnt will probably not assist me with my degree to a large extent. With my future career however, should it be in Finance, then what I have learnt will be very useful. I have learnt a lot of concepts, terminology, so-called soft skills and practical things like Excel skills.

7/10

The Organisation

7. What was the general atmosphere in your office?

Within my team the atmosphere was great. Loads of banter, everyone gets on and a big effort made to be inclusive and friendly. Even when the workload was too much and people are stressed it barely shows. I noticed some of the other teams in the office didn't share this atmosphere but that made little difference to me.

9/10

8. How well organised was the overall work placement or internship set up?

The central HR team that arranges internships did fairly good job although the grad scheme referral process was very late to be communicated. My specific team could have done with thinking a bit more before I arrived about what I'd be doing but I think they weren't sure what I'd be like so wanted to tailor the work to what they thought I could handle when they met me.

7/10

9. In terms of personal training and development, to what extent did the company or firm invest in you?

They ran a few development events and opportunities where you did things like learn Excel, meet senior colleagues for ask-me-anything sessions or complete a group project. I certainly learnt a lot but mostly from my team and by learning-by-doing rather than from development events arranged by the central HR team.

7/10

10. What were the perks on your work placement?

  • Flexi Time
3/10

11. How appealing are future employment prospects within the organisation?

For me, very appealing. The graduate programme is very attractive and includes 3 or 4 placements in different roles over 3 years whilst completing a professional qualification like chartered accountancy. The graduate scheme salary is slightly lower than industry average but not uncompetitive. I think this is balanced out by a culture of healthy work-life balance.

8/10

Social

12. Was there a good social scene amongst any fellow placement students/colleagues?

The social scene amongst colleagues is about as good as expected with some kind of work social event every other week or so. Amongst fellow interns it is good for most as most live together in a big student accommodation and so socialise all the time. I live in the city anyway and so didn't request accommodation and probably missed out on some social opportunities as a result.

8/10

13. What was the cost of living and socialising in the area you worked in?

In Edinburgh prices are probably above average but not extortionate. Interns get accommodation covered if they don't live in the city already and food and drink is not too bad. There is also absolutely loads to do in Edinburgh especially as the internship runs when the Fringe festival is on.

6/10

14. What was the Nightlife like in the area you worked?

I'm not the kind of person to go clubbing so couldn't say but it's about £4 for a decent pint and there certainly are many nightclubs.

6/10

15. Were there many opportunities to get involved in activities outside of work?

I was involved with a community events committee so got involved with supporting a bbq event. It was a good event to go to as it was fun and was a god chance to do some networking. Outside of that, there were a few events to go and see shows with the team.

8/10