Internship Programme
The successful introduction of an internship programme at BASA has demonstrated that suitably motivated interns can benefit enormously from the exposure gained by their participation in the deliberations that make up the core of our business activity. Through researching issues and participating in discussions, in support of the executives, interns gain detailed knowledge of current banking issues. An internship gives exposure to critical policy and strategic issues in the sector and an understanding of bank operations. Interns are placed on a 24 month contract and receive a monthly stipend.
We are currently not recruiting interns for 2018. The recruitment process for 2019 will be announced and opened for applications in October 2018.
The requirements below are for the Market Conduct, Prudential and Financial Inclusion divisions.
Market Conduct Division
Market conduct addresses matters related to bank business activities with retail bank customers through the regulations and practices relating to treating customers fairly, including market conduct, cybercrime, anti-money laundering and the credit regulatory framework.
In addition, all non-financial legislation that forms part of the compliance obligations of banks, is also considered with special emphasis on human settlements, agriculture and sustainable finance (i.e. environmental).
Intern Requirements
The intern will be exposed to a broad spectrum of legislative and regulatory issues pertinent to the banking sector. Such exposure will include interaction with government, banks and other relevant stakeholders.
Prospective interns should have the following characteristics:
• A law school graduate
• Some form of banking and financial electives in the degree
• Able to undertake research and develop policy stances or positions
Prudential Division
Prudential Division will be focused on further implementations of the remainder of the Basel III framework, particularly liquidity and capital together with ongoing discussions on the various risk disciplines. The introduction of a Resolution Bill together with the requirement to establish a CCP and trade repository for OTC derivatives will also continue.
The division has many other ongoing themes dictated by the Financial Stability Board and their standard setting bodies IOSCO and the BCBS.
There are two broad areas under the Prudential Division, firstly the financial markets where trading platforms such as bonds, currencies, equities, derivatives etc. are transacted with the other area concentrating on capital and balance sheet optimisation together with the various risk disciplines.
Intern Requirements
The prospective intern(s) should have an interest and:
• Motivated and a self-starter
• Able to take instruction and work independently without supervision
• Research and document discussions
• Travel domestically to attend meetings where required
• A background in law, or
• Wholesale banking.
Financial Inclusion Division
The financial inclusion division strategic drive for transformation, financial and social inclusion in the banking industry and broader economy. The role of the division is to facilitate access to financial services and empowerment financing. The inspiration to make finance accessible to everyone and make it clear and easier to understand. The division emphasis Small and Medium Enterprise (SME) Development, Financial Literacy, Financial Sector Code. And to facilitate social inclusion, the division is also responsible for Corporate Social Investments.
Intern Requirements
The prospective intern (s) should have an interest in:
• Development Economics
• Development Finance
• Economics
• Business Degree
• Law Degree