Internship Financial Services Operations – Financial Control Collateral

Company Description Mediobanca is the leading investment bank in Italy and one of the most important players at European level with branches in London, Madrid, Paris, and New York. Since Mediobanca's foundation in 1946, we have been accompanying the growth of Italian companies with the highest level of consulting and a complete credit offering, proposing tailor-made services and the most sophisticated solutions available on financial markets: from advisory to lending, from Capital Markets to Specialty Finance. Historical presence, solid market positioning, specialization, quality of services, professional standing: companies that turn to Mediobanca know they can count on the excellence and exclusivity that have consolidated our impeccable reputation over time. Among our clients are some of the main business groups in Italy, as well as a significant number of medium-sized companies, to which we have dedicated particular attention in the last ten years. We are increasingly focusing on our international clients, both for their cross-border needs and for domestic operations. We have introduced new products and targeted new clients to face the challenges posed by today's highly competitive financial markets. As always, it is our clients, along with our professionals and the strength of our finances, that represent Mediobanca's core values.

Position

Mediobanca is seeking a candidate for an internship within the Collateral team, which is responsible for monitoring and managing collateralized operations primarily under CSA (Credit Support Annex), GMRA (Repurchase Agreement), and GMSLA (Global Master Securities Lending Agreement) contracts. The intern will specifically be involved in the following activities:

• Reconciliation of OTC derivative valuations with counterparties and analysis of any mark-to-market differences
• Verification of collateral coverage against exposures in derivatives, repos, and secured financing
• Communication with counterparties to agree on collateral amounts and types
• Preparation of daily and monthly reporting
• Carrying out activities related to the calculation of Initial Margin

The intern will have the opportunity to deepen their knowledge of specific topics related to the management of operations contracted under CSA, GMRA, and GMSLA.

Requirements

Knowledge of the main derivative instruments is required. The internship includes a monthly expense reimbursement of 1000 Euros gross. Starting Date: November 2026

Other information

For Mediobanca, diversity and inclusivity are fundamental values. Interested individuals will be considered with respect for diversity, valuing different characteristics of age, culture, ability, and gender identity or expression.