Citi Singapore yesterday announced a new initiative to support fresh graduates during the COVID-19 pandemic.
In a press release, the bank revealed that all summer interns enrolled in Citi’s programme this year will be offered a full-time analyst role upon graduation, as long they meet the minimum requirements of the programme.
To ensure the safety of the interns and bank’s employees during the pandemic, the internship programme will begin on July 6 instead of June and shortened on duration to five weeks; parts of the programme may also be delivered virtually.
However, Citi Singapore will honour its full financial commitment of the original programme duration. The duration of the attachment varies between 10 to 12 weeks, depending on the division that the student is attached to.
Jorge Osorio, Head of Human Resources, Citi Singapore said: “At Citi, having the best talent is key to our success. While these are trying times, we recognised that it is temporary and remain unwaveringly committed in our strategy to build a strong, diverse talent pipeline through key initiatives such as our summer internship programme.
“We also understand that students rely on internships for income, on-the-job skills development and professional networking opportunities. Fulfilling the summer internship offer made to these students and committing to offer a full-time role to all our summer interns in this difficult environment where fresh graduates face tough job market conditions and uncertainties is a testament of our commitment to the communities in which we live and work.”
Over 80% of the 76 summer internship offerees are penultimate year students from local universities, including the Nanyang Technological University (NTU), National University of Singapore (NUS), Singapore Management University (SMU), and Singapore University of Technology and Design (SUTD). The rest of the offerees are Singaporeans who are currently pursuing their undergraduate degree overseas. Students go through extensive interviews to be selected to join a high-calibre cohort that has the best potential to succeed at the firm in full-time roles after the completion of their summer internships.
The 76 students will be attached to one of eight Citi Singapore’s business or technology divisions, including Banking, Capital Markets and Advisory (BCMA); Citi Commercial Bank (CCB); Citi Private Bank (CPB); Global Consumer Banking (GCB); International Personal Bank (IPB); Markets and Securities Services (MSS); Operations and Technology (O&T); or, Treasury and Trade Solutions (TTS).
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