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Caymanians Offered Internship Opportunities in the Financial Industry with MUFG Investor Services in Partnership with WORC

Workforce Opportunities & Residency Cayman (WORC) continues a long-standing partnership with MUFG Investor Services which provides paid internship and apprenticeship opportunities for young Caymanians in the financial services industry.

MUFG Investor Services’ Executive Director Lenin Perumalsamy says “It is true that you can succeed best and quickest by helping others to succeed. We started this tradition with WORC and would like to see this program grow steadily and meet the longer-term goals of organically growing skilled workers and professionals within the local financial services industry.

In their day to day duties, we engage/train our interns on our technology platforms and cash/positions reconciliation between Brokers and Administrators. These reconciliations give insight into Investments/Securities and the cash flows. This is the fundamental knowledge interns acquire before moving into other areas of data management. Upon completion of their Internship, successful candidates will be provided an Apprenticeship up to 2 years. During Apprenticeship, candidates will develop knowledge on trade capture, pricing investments, etc. Once that’s completed, exposure to Net Asset Value (NAV) preparation and publishing are next.

All these middle office skills are quite rare in the local community and we are trying to plant these skills with the hope of delivering an end to end Cayman product.”

Katherine Whittaker, Head of Labour Demands, Development & Training says, “WORC is pleased to have had the opportunity of partnering with MUFG Investor Services to provide Caymanians with Internships and Apprenticeships within Funds Administration.  Thanks to those at MUFG Investor Services and their dedicated staff, we have seen Caymanians grow from nervous Interns to driven individuals who have been mentored and guided towards full-time employment.  We look forward to our continued partnership with MUFG Investor Services as we seek to introduce more Caymanians into this career pathway.”

Young Caymanians interested in internship opportunities at financial services firm MUFG Investor Services should contact WORC’s National Training & Development Unit by calling 244-4048 or email worc.training@gov.ky.

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