Business Development Internship, Swift
Hourly rate: $31/hour
More information about location
Global payments network
Job no longer available
Global payments network
1001+ employees
Job no longer available
Hourly rate: $31/hour
More information about location
1001+ employees
Company mission
To make international transactions instant, frictionless and interoperable.
Role
Who you are
- Must be authorized to work in the US without sponsorship
- Be a rising junior or senior
- Major: Pursuing a bachelor’s degree in finance, economics, business administration or similar
What the job involves
- Based in New York City, you will be part of Swift’s 10-week internship
- During your internship, you will work alongside a mentor and with a team who can help you develop your business sense
- Robust, real-world projects
- Professional Development and Networking Opportunities
- Ten Week program, June 3rd — August 9th
- Swift’s Business Development team works with our community to drive the future of the payments and securities landscape
- The team supports large, strategic partners as well as smaller users to promote usage and adoption of Swift products/services and industry standards
- Business Development also ensures the “voice of the customer” is heard throughout the organization by maintaining strong relationships within Swift, across regions, teams, and HQ functions such as Strategy, Product, Communications, and Legal
- Work closely with Relationship Managers and Account Managers with their day-to-day tasks, with a focus on supporting existing clients and new client relationships
- Learn about key initiatives at Swift such as: gpi, ISO 20022, CSP, and Financial Crime and Compliance. Support with outreach to clients on these topics where necessary
- Develop client presentations that uncover and synthesize client-specific information or market analysis. Collaborate with product, strategy, tech, and go-to-market teams during the pitch
- Ensure sales best practices, including the qualification process and managing Salesforce profiles (opportunities, leads, pipeline, etc.)
- Collaborate with Swift’s Innovation intern to create and present your final project to the Swift management team (see below)
- The Business Development internship is a great opportunity to learn about the finance industry, solve real-world problems, and gain invaluable experience
- The Swift Business Development Intern will have the opportunity to create a real-world project with measurable results
- This will serve as their final internship presentation for the department leadership team
- Sibos is an annual conference, exhibition and networking event organized by Swift for the financial industry
- The Business Development intern’s primary project will be developing an organized approach to manage Sibos 2024 client interactions
- As a part of the conference, there are various one-to-one meetings, exhibitors, community events, networking events, conference sessions, and various other touch points with Swift clients
- The intern’s responsibility will be to partner with Swift’s Innovation intern, while also working closely across the team, to ensure all client interactions are organized in one central location well in advance of the event
- You will use innovative technologies to create a scalable solution that can be leveraged company wide
- The purpose of the project will be to keep senior management briefed on all touchpoints with the region’s clients
- If time permits, you will have opportunities to take on additional projects to present to management (i.e., reporting on YTD KPI progress, etc.)
Our take
SWIFT was founded in 1973 to serve as the bedrock of the international payments system. A cooperative society which is owned by its member financial institutions, it is a vital piece of the global financial infrastructure, securely transmitting payment instructions between over 11,000 institutions in almost every country. SWIFT handles half of all international transactions, on average 40 million every day.
SWIFT's only direct competition in the traditional cross-border payments sector are bodies such as China's CIPS and Russia's SFMS. Yet, lacking the trust and membership of SWIFT these are unlikely to make serious inroads in the international payments sector.
In recent years, the competitive landscape for international transfers has been disrupted by the large-scale uptake of cryptocurrency. SWIFT has not been immune, facing competition from high-speed blockchain payment networks such as Ripple. However, SWIFT has moved quickly to adapt, introducing SWIFT Global Payments Innovation (gpi) to increase the speed of transactions to nearly that of its competitors, but with greatly enhanced visibility. It also plans to introduce blockchain technologies, partnering with companies like Chainlink to trial its own cross-chain protocols that will support it in the new financial landscape.
Steph
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Company benefits
- We put you in control of career
- We give you a competitive package
- We help you perform at your best
- We help you make a difference
- We give you the freedom to be yourself
Company HQ
La Hulpe, La Hulpe, Région wallonne
Leadership
Javier Perez-Tasso
(CEO)Has held numerous roles at SWIFT, becoming CEO in 2019. Prior to this, was Head of Product Manager, CMO and Chief Executive of the Americas and UK Region.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 5 more jobs at Swift