Ready to make an impact?
Are you the equivalent of a rising senior in college working towards a career on the trading floor of a major bank, investment or private equity firm or one of the departments supporting that function? Get a strong boost down that path with a Treasury Summer Internship.
With us, you will not just work in financial markets: you will help create new ones.
The Treasury Summer Internship Program is a junior professional training program designed to develop the skills necessary to have an exciting and rewarding career in the financial industry. The Program aims to bring exceptional college students with a demonstrated interest in a financial career to support the World Bank’s development mandate. The internship lays the foundation to become a Junior Analyst, a two-year position on one Treasury team, immediately after the intern graduates from their degree program. Interns are expected to be in their second to final year in the equivalent of a four-year college degree program.
Treasury Summer Interns will work full-time for ten weeks from May 30 through August 8, 2023, in Washington, DC. Interns receive a custom onboarding program in the first week before beginning three three-week rotations across Treasury teams. Throughout the summer, interns participate in weekly discussions with the program director and attend a career perspectives speaker series to hear from various Treasury officers, managers, and directors. Interns have access to the nearly 300-employee Treasury, including meetings with the Vice President & Treasurer. Interns complete each rotation with a presentation to their respective team and complete the internship by presenting their work in a capstone project to the management team.
Onboarding Week: May 30 – June 2
Rotation 1: June 5 – June 23
Rotation 2: June 26 – July 14
Rotation 3: July 17 – August 4
Capstone Presentation: August 8
Observed Holidays: June 19, July 3
Interns join on a short-term temporary contract and are paid between $19.70 (net – for non-US Citizens) and $23.80 (gross – for US Citizens) per hour for a total of 400 hours. All interns are expected to be in person, full-time, in Washington, DC, for the entire internship (May 30 – August 8). HR policies may change, but interns are expected to work at least two days in the office per week. Each intern will be shipped a World Bank-issued laptop before the start of the internship. If required, the World Bank sponsors the appropriate visa for an incoming intern to work in the United States.
Internship teams and work programs
The program will hire up to 16 interns across Treasury’s 16 teams this summer, and each intern will have a different rotation schedule to create a different experience. Treasury has four departments and a compliance & controls team. It is highly encouraged for applicants to read more about our organization and each team. Each team has an intern mentor and coordinator to supervise and support their work. Interns will be responsible for specific individual tasks or projects in one of Treasury’s departments and, depending on interest and skills, will perform some or all of the following:
Create daily market reports, shadow portfolio managers to understand asset management best practices, and work on Bloomberg terminal with asset managers.
Support the engagement managers practices through RAMP, Reserve Advisory & Management Partnership, which has over $23 billion of assets under management. Support the branding and marketing of products to central banks, international financial institutions, pension funds and sovereign wealth funds.
Compliance & Risk Management
Work on one of the fastest growing sectors of the financial industry through understanding operational risk, business continuity, trade compliance and conflicts of interest risk.
Financial Infrastructure & Banking Operations
Shadow full-time employees as they liaise with hundreds of banks/custodians and communicate complex ideas and solutions with potential and existing clients.
Fintech & Innovation
Work on the cutting edge of finance through research, presentations, and event management on leading issues in digital and cryptocurrencies.
Provide background research on catastrophe bonds and currency and commodity hedging products for sovereign clients, including joining calls with Ministries of Finance and supporting client presentations.
Participate in investor calls, observe trades across Asian, European, and American markets, and learn about the issuance programs and supporting legal documentation.
Products, Knowledge & Research
Organize, clean, and visualize data for internal and external reports, support subject matter experts on issues of reserve management, ESG, and more.
Sustainable Finance & Investor Relations
Draft investor presentation materials, memos, and responses to serve existing clients and investors and generate new business.
Structured Finance & Quantitative Modeling
Apply statistical analysis, mathematics, and computational finance to support our teams in trading and structured finance, market-making operations, and asset management.
Review and assess the completeness of ESG-related due diligence documents submitted by external managers that the Plans partners with.
Pension Middle Office
Review of Benchmark Transparency Analysis to identify gaps and analyze potential enhancement to the Pension Annual Report.