Milan, Italy
Internship Explorer
Internship Explorer
The team is in charge of Securitised Derivatives retail product development activities across the Group. The team is involved in: Business Development of the warrant and certificates markets of Borsa Italiana; Daily calculation and monitoring of revenues and simulation on pricing; Monitoring of the regulatory changes that involve the market ecosystem; Management of reports, update of website contents; Monitoring the primary and secondary market trends for securitised derivatives products to help management decisions and business development strategy; Clients relationship management to capture the clients needs and build up the best services. Key Activities / Responsibilities The selected candidate will gain direct, hands-on exposure to Senior professionals within the Capital Markets divisions of leading Investment Banking Institutions, working closely with experienced Sales & Trading and Structuring teams. The internship is designed to provide a strong technical and market-oriented skill set, significantly enhancing the candidate’s employability and career prospects in Capital Markets, Trading, Structuring and related front-office or analytical roles upon completion of the programme. The selected candidate will be responsible for: Preparation of reports, dashboards and client-facing presentations/pitches, gaining exposure to Senior figures of the Capital Markets department of Investment Banking Institutions (Equity Derivatives Sales & Traders and Cross-Asset Structured Products Sales & Traders); Extraction, processing and analysis of trading volumes, number of listed products, bid-ask spreads and market trends for instruments listed on the SeDeX and Cert-X markets (Investment Certificates, Leverage Products, Covered Warrants); Automation of daily operational and analytical tasks using Python and VBA, including the calculation and reconciliation of trading and listing fees; Execution of the pricing process for securitised derivatives, including the implementation of pricing simulations and fee scheme scenario analysis; Maintenance and development of the primary market intelligence database for KPI monitoring, trend analysis and management reporting and collaboration with Software Engineering teams to design and implement AI-based solutions for the automation of data processing, validation and analysis workflows; Execution of automated listing processes on behalf of issuers, including quantitative and operational validations of product terms and market requirements; Acquisition of experience on market microstructure and market model functioning, including understanding of liquidity provisions, bid-ask spreads, trading dynamics and primary and secondary market interactions.
