Standard Chartered has launched its first virtual internship programme to hire 300 interns across banking businesses and support functions.
Under this programme, the bank is offering up to six weeks of internship programme virtually, while paying remuneration for the entire 10 weeks.
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The bank reported that about 60% of the interns will work remotely across 15 markets.
These include financial markets, transaction banking, commercial banking, global banking, corporate finance, retail banking, wealth management, conduct, financial crime and compliance, risk, SC ventures and technology and innovation.
The remaining interns will work at physical locations across Greater China and North Asia markets, which will also have certain virtual elements.
The virtual internship entails an induction programme in the first week, and e-learning and virtual classroom sessions in second to fourth week.
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By GlobalDataIn week five, the interns will be assigned a project based on a current problem statement in the bank.
Finally, they will be given an opportunity to converse with peers and stakeholders in the bank.
Standard Chartered head of early careers Melissa Angerson said: “Our first ever virtual internship comes at a time where we are witnessing a significant shift to virtual in the workplace and is a trend that will be here to stay.”
Angerson added: “The introduction of distance learning as part of this year’s internship will give us the opportunity to assess the value as well as the viability of such technical training, as we look to permanently embed it within our ongoing internship offering.”
Furthermore, Standard Chartered has promised to offer 2019 graduates full time roles at the end of their internship programmes.
Additionally, the bank decided to hire over 400 current-year graduates from July to September and launch its Cyber Apprenticeship Programme in the UK.
In Singapore and Hong Kong, Standard Chartered will hire 280 local graduates under a separate trainee scheme.
For the 2021 graduates, the bank pledges 500 roles that will be mainly filled by its 2020 interns.
