Wednesday, February 18, 2009

New Projects for the Interns

This week we have only worked two days (Tuesday and Wednesday) because Monday was President's day. However, so far this week we have been very busy with new projects given to us from different people. In the GTS office we have been concentrating a lot on the local and international liabilities: these are two terms that describe the different local and international accounts our clients keep their money. Yesterday and today, however, we have been doing research on large logistics / freight transportation companies for an analyst that works with product design. She has come up with a new design that will allow a large logistics company to use one of our existing products (worldlink-->basically an easy to use cross border money transfer from one account to another) to allow their own clients to have access to it, and in the mean time eliminate the smaller banks that act as middlemen. Our job is to find the biggest companies we can find, figure out where their headquarters is located, and investigate each of their market reaches.

Aside from the company research project, I worked on the Monthly Liability Report that is essentialy the same thing as the weekly liabilities report, exceot that the monthly report includes local liabilites, and we get the information from a main spreadsheet that is sent to us each month with updated numbers in stead of on citi's website.

Monday, February 9, 2009

Internship in Miami

Well this entry certainly has been in the making for a very long time. Just to give you a quick update of what has happened since october, here are a few key events:

- I was accepted for an internship in Miami with Citigroup in the Global Transaction Services division focusing primarily on Latin America
- I work side by side with another intern from Monterrey Tech, named Jose Antonio, who is finishing up his masters in Marketing
- The first day of work was held in Ft. Lauderdale Fl, where we were trained in proper business etiquette (I felt I was in eighth grade catillion (sp?) all over again)
- The man who hired me, Carlos Castro, is extremely busy and therefore asked his right hand man, Leo Gazzo, to make sure Jose Antonio and I have enough work to do
- The first couple of days in Miami Leo had a hard time finding anything for us
- After about 3 days on the job, we finally were introduced to the weekly international liabilities report that we would end up doing each of the following weeks
-We have also engaged in a marketing project where we investigate the top 100 importers of each Latin American country and analyze which of our projects, if any, these companies have and where we can improve on