Commercial Banking Internship Review
at NatWest Group
Internship (1 Month+)
Banking
London
Review Submitted: July 2023
Overall Rating
5 /5
The Overall Rating is the average of all the ratings given in each category. We take those individual ratings and combine them into one final score!
5/5
-
Overview of Role
5/5
-
Skills Development
5/5
-
Support and Guidance
5/5
-
Company Culture
5/5
-
Overall Experience
5/5
-
Future Career Prospects
Overview of Role
Please give an overview of your role and what this involves on a day-to-day basis.
Updating annual reviews
completing one pagers for projects.
My first couple of weeks included: emailing NWM to request nominal and real term CLU’s and compare it to last years figures and understand why the figures differ from last year and what caused this. Completing this task allowed my to practice CPC’s in connected through communicating with numerous divisions and critical thinker as I had to I learned to understand why figures have changed due to real term factors such as War in Russia, technical faults etc. Also, I came to my own conclusions as to why DSCR decreased in a period and MGS had a 1 notch downgrade from 10 to 11 which I discovered was because of a delayed unitary charge payment from the local authority. Which slightly increases the risk that the client is unable to pay back the loan however, an 11 MGS is still a low risk overall.
completing one pagers for projects.
My first couple of weeks included: emailing NWM to request nominal and real term CLU’s and compare it to last years figures and understand why the figures differ from last year and what caused this. Completing this task allowed my to practice CPC’s in connected through communicating with numerous divisions and critical thinker as I had to I learned to understand why figures have changed due to real term factors such as War in Russia, technical faults etc. Also, I came to my own conclusions as to why DSCR decreased in a period and MGS had a 1 notch downgrade from 10 to 11 which I discovered was because of a delayed unitary charge payment from the local authority. Which slightly increases the risk that the client is unable to pay back the loan however, an 11 MGS is still a low risk overall.
Were you given much responsibility during your placement / internship?
yes, I felt a valued member of the team who was tasked with independent work such as completing one pagers for multiple projects. I also felt comfortable enough to ask questions when I was not sure due to the welcoming nature of my team which really helped me develop my skills and knowledge as a commercial banker.
Please rate how meaningful the work you were doing was
5/5
Skills Development
Have you learnt any new skills, or developed your existing skills?
Learn't how to update annual reviews
multiple financial terms such as CLU, RAF, MGS, swaps
multiple financial terms such as CLU, RAF, MGS, swaps
How would you rate the training provided during your experience?
5/5
How would you rate your development of industry-specific skills during the experience?
5/5
How would you rate your development of personal / soft skills during the experience?
5/5
Please rate how these skills have helped you in your career development
5/5
Support and Guidance
How much support and guidance did you receive during your placement / internship?
I was given a lot of guidance and support when needed on my daily tasks in which my manager set up weekly meeting to discuss what I am working on and to ask any questions on things I did not understand
How would you rate the support and guidance from your line manager?
5/5
How would you rate the support and guidance from the wider team?
5/5
Company Culture
What was the company culture and general atmosphere like?
A very welcoming and supportive culture. Everyone in the office is extremely friendly and encourage to meet with other people for coffee chats on different departments to really get a grasp of other sectors in the bank. There is also opportunities to shadow other teams to further learn more about the different divisions in the bank
How would you rate the inclusiveness of the culture?
5/5
How would you rate the social opportunities?
5/5
How would you rate the diversity initiatives?
5/5
How would you rate the charity, sustainability and corporate social responsibility (CSR) initiatives?
5/5
Overall Experience
To what extent did you enjoy your placement / internship?
I have thoroughly enjoyed my internship so far and it has solidified that I would like to pursue a career in banking and at NatWest in particular. Everyone is really friendly with endless opportunities to move across the bank to learn what each division has to offer.
Please rate your level of enjoyment on your placement / internship
5/5
Please rate how your experience met your expectations
5/5
Future Career Prospects
Please rate the future employment prospects at NatWest Group
5/5
Recommendations & Advice
Would you recommend NatWest Group to a friend?
Yes
What advice would you give to others applying to NatWest Group
Make sure you are aware of the current upto date news with NatWest e.g. their goals and values and make sure your values are aligned. Also keep upto date with their climate goals (ESG)and overall purpose of the bank.
