Marking another successful year for its summer internship program, UBS Fund Services (Cayman) Ltd. again hosted a number of students in 2008.
UBS is committed to providing training opportunities to young Caymanians as part of its philosophy of making a positive contribution to the local community. The work experience offered to the interns is intended to give them some exposure to typical roles in a financial services firm, and helps them make informed decisions about their future.
The students, depending on their areas of interest and skills, have been placed in a range of departments including Compliance, Banking Operations, Business Development, Information Technology, and Hedge Fund Accounting.
The students have also received a taster of UBS’s employee training programme by attending introductory courses on hedge funds and financial instruments.
Deri Hill, a student at Florida International University, is in her second summer of working for UBS. This year she is undertaking a role in the Compliance department, having worked in Shareholder Services last summer.
‘I have gained a vast amount of knowledge of due diligence and Anti-Money Laundering Guidelines, and had the opportunity to work closely with Senior Compliance officers,’ said Ms Hill.
Duet Berry, recently graduated from the University College of the Cayman Islands, has been working with the Single Manager team, carrying out position reconciliations and balancing of custodial cash, portfolio pricing and price verifications from sources such as Bloomberg.
“Having worked with UBS for over a year now, I have been able to marry both theoretical and practical fundamentals of finance and have gained a greater understanding of some of the esoteric strategies used by key players in the hedge fund industry,” he said.
“UBS is a great training ground for students and professionals who are zealous in their pursuit of a career in accounts, finance or law.”
Darren Stainrod, Head of Fund Services Cayman at UBS, noted this opportunity allows the interns to get a real sense of the business world.
‘The experience will either confirm their decision to pursue a career in accounting, or let them think about a different career path.’
One student, Katrina Watson, was considering a career in law before joining UBS but is now keen to become a Fund Accountant because she has found the environment to be interesting and dynamic. She has learnt about the wide range of services in fund administration, and has had the opportunity to work on a variety of tasks.
Those interested in participating in the 2009 UBS summer intern programme, please send a resume and cover letter to Phil Jackson Human Resources, UBS House, PO Box 852, Grand Cayman, KY1 – 1103 by 31 March 2009.