finance scoop indiana university september 16, 2003
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Finance SCOOP
Indiana University
September 16, 2003
Agenda
• The Business of Banking• Considering Careers in Financial
Services• About Bank One• Our Lines of Business • Our Development Programs• The Recruiting Process• Important Dates
The Business of Banking
• The industry has consolidated significantly over the last few years
• Changes in banking regulations have expanded the scope of products and services offered by financial companies
• Advancements in technology allow banks to meet customers’ needs more effectively
• Competition within the industry is intensifying
About Bank One
Headquartered in Chicago, Bank One Corporation is the sixth-
largest bank holding company in the U.S., with assets of nearly $300
billion.
Bank One Is…• A leader in retail and small business banking,
serving 7 million households and nearly 500,000 small businesses
• A premier provider of lending, treasury management, and capital markets products to large corporations and middle market businesses
• The third-largest credit card issuer in the U.S. and the largest issuer of Visa credit cards
• A leading investment management company, with $171 billion assets under our care
Our Lines of BusinessRetail
Checking & Savings AccountsConsumer LendingSmall Business BankingDebit/ATM CardsInvestment AccountsCredit CardsInsuranceAuto Loans & LeasesOnline BankingHome Loans
Credit Card
Credit CardsAffinity CardsRewards CardsSmart CardsStored-Value CardsBusiness Cards
Investment Management Group
Portfolio ManagementMutual FundsFinancial PlanningBrokeragePrivate Client ServicesCorporate and Personal TrustAlternative Asset ManagementInsuranceRetirement ServicesSecurities LendingCustody and Master Trust
Commercial
Global Cash ManagementCommercial LendingLoan SyndicationsCommercial CardsInvestment ManagementAsset-Backed FinanceInvestment Grade SecuritiesDerivativesForeign ExchangeGlobal Trade
Our Support Functions• Corporate Audit, Credit Review & Security is
responsible for internal audits and controls as well as security.
• Finance handles the financial management of the corporation and also includes functions such as mergers & acquisitions, investor relations, tax, and accounting.
• Risk Management implements processes and systems to improve risk measurement and reporting for credit, market and operational risk.
• Technology and Operations maintains existing and develops new technology to support the business lines in delivering quality products and services.
Our Development Programs• Card Services
– Card Services Associate Program• Commercial Bank
– Capital Markets Analyst Program• Retail Bank
– Chicago Sales Management Program– National Retail Management Program– Relationship Banker Program
• Support Functions– Finance, Accounting & Audit Program– National Enterprise Operations Management Training
Program– Technology Development Program– Bank One Scholar
Capital Markets Analyst Program• An intensive 2-year rotational training program for careers
in Capital Markets and Large Corporate banking• Program consists of 8 weeks of classroom training
followed by three 9-month rotations through various areas within Capital Markets
• Classroom training includes courses in:– Financial Statement Analysis– Corporate Finance– Business and Industry Risk– Cash Flow Forecasting– Structuring Transactions– Capital Markets Products – Other special topics
Capital Markets Analyst Program
Rotations may include:– Asset-Backed Securitization– Loan Syndications– Investment Grade Securities– High Yield Securities– Private Placements– Derivatives, Currency and Equity Products– Mergers & Acquisitions– Public Finance– Asset Based Lending– Securities Research– Sales and Trading, among others
Finance, Accounting & Audit Development Program
• 2 year rotational program; participants specialize in one of three tracks
• Finance Track– 2 core finance rotations– 1 elective finance rotation– 1 accounting rotation
• Accounting Track– 2 accounting rotations– 1 finance rotation– 1 elective rotation
• Audit Track– 2 or 3 audit rotations– 1 or 2 elective rotations
Finance, Accounting & Audit Development Program
Rotations may include:– Tax– Treasury– Planning, Reporting & Analysis– Corporate Accounting– Corporate Real Estate– Mergers & Acquisitions– Corporate Audit– Risk Management– Technology– Corporate Security
Things to Remember…• Bank One’s Development Programs
prepare you for long-term careers – not just short-term jobs
• Development Programs offer great training & quick advancement – look at where you’ll be after 5 years, not just 5 months
• Financial products are not luxury items – there will always be demand for bank products, which equals job security for bank employees
The Recruiting Process
• Bank One’s on-campus interviews will be October 17, 2003
• Come to your interview ready to discuss your experiences, skills & interests
• Second interviews will be held in our offices
• Offers should be extended in November & December
• Start dates are typically in January/July 2004
Thank you!
Any Questions?
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