Treasury
"The Industrial Placement year is very valuable. Not only it enhances your CV but it also gives you an opportunity to assess whether a career in the financial markets is the right one for you. A lot of the skills that you acquire during the 12 months placement are readily applicable when you transfer from a student to working in the ‘real’ world".
Tommy – Senior Dealer, Fixed Income and Derivatives. Industrial Placement 2003, Treasury Graduate Programme 2005 – 2007Treasury is a critical part of Nationwide’s business, with three core roles. Firstly, we are responsible for accessing wholesale funding from the international markets, often making use of our asset backed funding programmes. Using wholesale funding can offer longer term funding at attractive pricing, and gives Nationwide flexibility.
Next, liquidity. We hold a portfolio of liquid assets - investments which can be easily and swiftly sold - to ensure that Nationwide can meet both expected payments and any adverse cash flow movements, such as an outflow of retail savings. This liquidity portfolio keeps our customers’ deposits safe.
Managing interest rate risk is a key element of creating products which offer our customers long term good value - such as fixed rate mortgages and saving bonds. Where possible, Treasury will offset complementary risks, but also enters into derivative transactions to neutralise the risk. We also work closely with Commercial division’s customers, helping them manage the risks posed by fluctuations in interest rates.
Treasury is the face of Nationwide in the City of London, building strong relationships with our market counterparties, our regulators – the FSA, Bank of England and HM Treasury – and the rating agencies.
For further information, visit the Treasury page on our main site.
Graduates
The Treasury graduate programme will give you every opportunity you need to realise your potential. You’ll work on real jobs with real responsibilities. And you’ll be part of a team that represents Nationwide both in the City and overseas, delivering large, complex financial transactions and negotiating with major financial institutions and investment banks.
Every placement is different, with different aims and different responsibilities, and could involve anything from working on financial models and analysing business performance, to coordinating bond issues and implementing strategies for managing risk.
In the past, graduates on the Treasury programme have helped us manage our interest-rate risk using instruments such as Interest Rate Swaps and Futures. They’ve also worked on a modelling team to test our internal liquidity engine and assisted with issuances from our structured funding programmes.
Regardless of what tasks you take on, you’ll develop your technical, managerial and business skills, and be encouraged to gain a professional qualification such as the CFA or ACT. Recent Treasury graduates who have completed the programme have gone onto roles on the fixed income desk, within Derivatives trading and on the structured finance team. Some of these graduates initially joined us for a 12 month Industrial Placement prior to joining the Treasury programme. Other graduates on the Treasury programme have gone on to become senior managers and executives in areas as diverse as capital management, strategy development and finance.
Join this programme, and you could be every bit as successful.
For further information, visit the Treasury page on our main site.
Requirements
To join, you’ll need a 2:1 degree in a relevant subject and a minimum of 260 UCAS points (preferably including A-level Mathematics but excluding general studies).
Highly enthusiastic with proven numerical skills, you’ll have the ability to understand and communicate complex ideas, and to build strong relationships at all levels within Nationwide and externally.
Industrial placements
If you are studying on a course that requires a year out in industry, we offer 12-month Treasury industrial placements. Over the course of the year you’ll typically undertake three business attachments, and we have the same high expectations of you as we do from those on our graduate programme.
To help you get the most out of it, you’ll be supported by a buddy and a mentor and receive plenty of on-the-job coaching from your line manager and team colleagues. You can expect to develop skills that will not only improve your career prospects but also prove useful during the remainder of your degree studies. And throughout it all we’ll pay you a competitive salary and you’ll be entitled to two days’ holiday per month.
Applicants must have a 2:1, or predicated 2:1 degree in a relevant subject and a minimum of 260 UCAS points (preferably including Mathematics A level but excluding general studies).
For further information, visit the Treasury page on our main site.
Summer Internships
Our Treasury summer internships provide a fantastic insight into our business. Lasting from 8-14 weeks they’ll provide you with an in-depth experience of one of our core business areas.
We currently offer summer internships in our Treasury division in Northampton. There’ll be plenty of chances to see up close the variety of work that takes place, to develop essential business skills and to be involved in real projects. You’ll even get responsibility for managing a variety of tasks, often to tight deadlines. This could involve spending time in our dealing room or in our control and support functions. You’ll find it’s a dynamic and challenging environment, where change is part of everyday life.
You’ll have the chance to work alongside senior managers and receive plenty of support from a buddy and mentor as well as from the colleagues you work with. At the end of it all you’ll be equipped with a depth of knowledge and skills that will prove useful both during your degree studies and once you have graduated. Throughout it all we’ll pay you a competitive salary and you’ll also be entitled to two days’ holiday per month.
To join, you’ll need a 2:1, or predicated 2:1 degree in a relevant subject and a minimum of 260 UCAS points (preferably including Mathematics A level but excluding general studies).
For further information, visit the Treasury page on our main site.
