Conduct, Compliant, and Operational Risk Review

by Lloyds Banking Group

This review was submitted over 4 years ago, so some of the information it contains may no longer be relevant.

Rating

2.4/5
  • The Role
    2.3
  • The Company
    1.9
  • The Culture
    3.1

    The Role

  • 1. To what extent did you enjoy your work placement or internship?
  • Overall a very mediocre 10 weeks; genuinely friendly people but lacking any type of organization. Not a bad option if you're considering your first taste of finance, but anyone with prior experience will be spending their summer in an office without much to show for it.

    2/5

  • 2. To what extent did you feel valued by your colleagues?
  • All-round a very welcoming staff, very approachable,etc. However, being an intern means your are of last priority, especially in busier departments. Felt more like a PA; often just scheduled meetings as opposed to contributing to anything meaningful.

    2/5

  • 3. To what extent were you given support and guidance by management/your supervisor(s)?
  • Struggled continuously to get any support in some areas and couldn't hassle people indefinitely. General support was there, with many more 'motherly' types in the office willing to console you. However, a general lack of structure to the internship meant that lines of responsiblity were often blurred and seeking support often proved futile.

    2/5

  • 4. How busy were you on a daily basis?
  • Definitely cannot complain on this front - standard 9-5 is not bad for corporate banking environment. In down times, seeking more work wasn't difficult. However worlkload was very inconsistent, with some days spent twiddling my thumbs and others pulling my hair out.

    3/5

  • 5. How much responsibility were you given during your placement?
  • A few small tasks were under my supervision which was refereshing. However, the biggest pitfall of the entire internship was having no ongoing 'project' (except for charity events) and as such the amount of responsibility you take on is entirely up to you.

    2/5

  • 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
  • The biggest learning here was on a personal level. More specifically the fact that if you are not truly interested in finance, it will hit home hard here. Other than that proffessional mannerisms and etiquette were definitely polished a bit.

    4/5

    The Company

  • 7. What was the general atmosphere in your office?
  • Relatively relaxed for a corporate bank. Not too fast-paced or competitive. However, most are not passionate about their job or the company and it really shows.

    3/5

  • 8. How well organised was the overall work placement or internship set up?
  • I was the first intern to have ever landed in my department - this really summarizes my experience quite well. From the beginning everything had been poorly organized by a third-party as opposed to Lloyd'ds own HR department. The vast majority of my work was not from my line manager but rather peripheral functions. As mentioned, the lack of any ongoing project really created a sense of meaningless in the 10 weeks.

    2/5

  • 9. In terms of personal training and development, to what extent did the company or firm invest in you?
  • Not sure any investment took place. The 'mandatory' training was deemed unnecessary. Wasn't given a run-through of the internal IT systems and struggled to come to grips with many basics. Having no real work also meant receiving little to no structured feedback to take away.

    1/5

  • 10. What were the perks on your work placement?
  • Sports and Social Club

    Company Parties/Events

    3/5

  • 11. How appealing are future employment prospects within the organisation?
  • Without seeming too embittered, this internship has solidified my disinterest in the finance industry. Being offered a a graduate roll would not be difficult provided you appear enthusiastic; something which I couldn't do for 10 weeks.

    1/5

    The Culture

  • 12. Was there a good social scene amongst any fellow placement students/colleagues?
  • Lloyds made a good effort to connect all interns. Many events were organized throughout the internship - some of which were subsidized. Not sure too many interns became involved though.

    4/5

  • 13. What was the cost of living and socialising in the area you worked in?
  • Being central London this is obviously very high. If you are from outside London the bank would provide accomodation for you which is very reasonable. Would have preffered subsidized travel, however, as this forms the majority of costs on a weekday.

    2/5

  • 14. What was the Nightlife like in the area you worked?
  • Again, being london this is great. Had been living in the area for many years so finding things to do at night or on the weekends is incredibly easy.

    4/5

  • 15. Were there many opportunities to get involved in activities outside of work?
  • I think the bank made an effort, and many interns definitely got involved. Some sense of disconnect between the HR organisers and the reality of working in other parts of the bank.

    3/5

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Details

Internship (1 Month+)

Commercial Banking, Banking

London

August 2015


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