Risk Operations Intern

Job description

3417405
Additional Cities

Shannon
Career Level

Co-op/Intern
Relocation Assistance

No
Business

GE Capital
Business Segment

Capital Aviation Financial Services
Function

Risk Management
Country/Territory

Ireland
Postal Code

V14 AN29
Role Summary/Purpose

The purpose of this 12 month internship is to provide graduates with an opportunity to gain invaluable experience in Aviation Leasing Financing. It seeks to provide an enriching experience through challenging assignments that will lead to Industry experience and professional skill development while also making a real contribution to the business.
Essential Responsibilities

·  Support the Risk Operations Team in providing back office support to the Global Underwriting Team. This will involve providing and preparing, information and data, to support all underwriting activity and portfolio monitoring.

·  Prepare draft regional Account Reviews and regional reporting for SLT Operating Review, for review with Risk MD and Risk Managers. Take full ownership for the accuracy and freshness for system generated data.

·  Spread customer financial statements data into SURE PD in accordance with Risk Operations Standard Operating Procedures. Prepare summary and commentary of all material movements and ratio analysis. Support RM with rating queries and freshness in Region.

·  Provide ongoing support to the Risk Managers through preparation of country reports, sourcing obligor information, driving NJA analysis for region and being SME for all systems and data queries.

·  Prepare quarterly updates to the Risk Country Scorecard working with GE Capital Treasury and the Risk MDs to ensure all changes, concerns and updates are accurately captured. Prepare summary for review with CRO.

·  Project – Economic Loss

Details of all obligor defaults are contained in a Default & Loss data base. This information includes loss, recovery and transactional data from the default episodes. The data base was built however to support a loan portfolio and does not return useful measurement of the economic loss on operating leases. This project would involve:

·  Understanding the system and data currently available

·  Develop an agreed BU definition of Economic Loss for Operating Leases and agree measurements and metrics.

·  Assess the completeness of current data set based on this new definition

·  Working with the IT & the Risk Team prepare a BRD for the automation of this new definition.
Qualifications/Requirements

·  Currently studying towards an MSc in Aviation Finance with University College Dublin

·  Highly motivated with ability to work on own initiative

·  Experience managing multiple projects and deadlines

·  Demonstrate strong analytical and problem solving skills

·  Excellent communication skills, written, oral and interpersonal

·  Experience in Aviation leasing and finance would be a strong advantage

Essential Requirements:

·  You must apply via www.gecareers.com to be considered for this position

·  Applicant must have authorization to work in the EU.

·  Must be willing to comply with pre-employment screening, including but not limited to reference verification and background check.
About Us

GE (NYSE:GE) drives the world forward by tackling its biggest challenges. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers. www.ge.com

GE Capital is the financial services division of GE, focused on serving customers and markets aligned with GE’s industrial businesses. From emerging markets to developed economies, our focused team of finance experts connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. https://www.gecapital.com/

GE is committed to taking on the world’s toughest challenges. In order to fulfill that promise we rely on a culture of leadership, diversity and inclusiveness. We aim to employ the world’s brightest minds to help us create a limitless source of ideas and opportunities. We believe in hiring talented people of varied backgrounds, experiences and styles…people like you!

Become a fan of ourFacebook page. Receive job and event notifications by becoming a member of theGE Talent Community . Stay up to date on what’s happening at GE around the globe by checking out theGE Careers Blog .
Primary Country

Ireland
Primary State/Province

Munster
Primary City

Shannon