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Nationwide

Summer Intern Review

at Nationwide

Internship (1 Month+)

Insurance and Risk Management

London

Review Submitted: August 2024

Overall Rating

4.9 /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
4.5/5 - 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.
As an intern I shadow and assist team activity and assigned projects. Key experience gained includes:
• Reviewing and assessing whether products and procedures comply with the Financial Conduct Authority’s regulatory requirements. An example is reviewing the repricing policy for a Nationwide product to ensure compliance with the FCA’s principles; namely Principle 12 the Consumer Duty to support vulnerable members.
• Regulatory research and insight gathering to produce high-level easy to engage with, clear and concise Digests of regulatory changes for senior stakeholders and business functions. An example is summarising the new regulatory regime for the reasonable provision of cash deposit and withdrawal services.
• Reviewing pricing proposals ahead of formal governance to consider regulatory and conduct risks, collaborating with team members to inform upward briefing points.
Were you given much responsibility during your placement / internship?
I was set a research project so I was given responsibility to set up internal meetings to progress with my research.
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?
I have developed my analytical, problem solving and attention to detail skills. I have learnt stakeholder engagement skills.
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 received a lot of support and guidance. My line manager was amazing, we had weekly catch-ups to check my progress and how I was finding everything and if I understood everything. I also had weekly sessions with some other members of my team to ensure I completely understood Compliance.
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?
The company culture is incredible. If you have a question or query everyone is ready to assist in any possible way. Also I liaised with people from different functions and they were very helpful and supportive in giving me career advice. In general the atmosphere is very friendly and welcoming.
How would you rate the inclusiveness of the culture?
4/5
How would you rate the social opportunities?
5/5
How would you rate the diversity initiatives?
4/5
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 thoroughly enjoyed myself. I did not have previous exposure to working within financial services so I found that I was learning something new everyday. I feel as though this internship has really broadened and diversified my skillset.
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 Nationwide
5/5

Recommendations & Advice

Would you recommend Nationwide to a friend?
Yes
What advice would you give to others applying to Nationwide
If you are unsure whether to apply for a role within financial services because it is not a typical role for your academic background I suggest just applying. I am a law graduate and the most typical route for me is to go to a law firm but working at Nationwide has given me much more legal exposure and responsibility than a law firm would.
In This Review
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