NO #3 – Good mix of hard work & great fun

Follow our summer interns in Oslo, as they share their thoughts and experiences of working in Nordea Markets during the summer.

In this blog post, Eirik and Petter will take you through their week at the trading floor. Also, they will let you in on their new projects, the experts they’ve met and talked to – not to mention the fun and social activities, they’ve had.

By Eirik Wensaas and Petter Johansson

Hard work pays off

Time flies here at the Oslo-office, and we have now completed our second week of the summer internship. So far, the internship has turned out to be a good cocktail of hard work, learnings and social activities.

Let’s take you through some of the tasks we have been working with.

Petter and Astrid

Petter and Astrid taking a coffee break

Astrid and I (Eirik), have spent most of the week finishing up our credit research project. Our task has been to forecast how much additional tier-1 (AT1) and tier 2 capital some selected Norwegian savings banks will need to issue in the coming years, in order to meet capital requirements.

At the end of the project we were given the opportunity to present our findings for colleagues in credit research, credit sales and FIG (financial institution group), which was a really exciting experience and rewarding ending on the project.

Hannah and Petter were assigned to a project at the investments desk. This project dealt with Solvency II regulations and its consequences on insurance companies’ capital requirements.

Moreover, we assessed investment-fund characteristics and the impact of various characteristics on insurance companies’ capital needs. We worked closely with the people at the investment desk and received great project guidance and insight to how they work.

Social activities – and sore muscles once again …

Tuesday was set for the second round of floorball, which means two hours of fun, followed by three days of sore muscles. The floorball activity is a great way to get timeout from long office-hours and getting a good workout at the same time. And once again the game resulted in sore muscles and an even closer relationship with our colleagues.

This week’s summer academy about the equity value chain was held by Jørgen Bruaset from equity research and Jacob Stræte from ECM (Equity capital market).

It was interesting to see how the private side and public side work closely together to create the most value. Following the presentation, we played a round of minigolf before heading to town with graduates and other colleagues from Nordea.

/Eirik & Petter

If you missed the first blog from the six interns, you can read it here “Warm welcome to our summer interns in Oslo” and you can read how the interns got leg cramps from their first match, and about “Meeting great minds, making new friends“. You can also follow our current summer interns in Stockholm and the FFPs in Helsinki.

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