BNY Mellon, a global leader in asset management and securities servicing, has adopted an in-house internship initiative offering newly graduated UAE nationals work experience within the company.

The corporate brand of The Bank of New York Mellon Corporation, BNY Mellon, said its is currently hosting two interns from Dubai Financial Services Authority’s two-year 'Tomorrow’s Regulatory Leaders (TRL) Programme,' which is open to all newly graduated Nationals.

This career development opportunity offers young Emiratis an insight into the skills and expertise required to perform and interact at the highest level both in local and global markets, according to a statement from BNY Mellon.

The TRL programme prepares successful candidates to become financial services regulators, offering them both in-house training and coaching by experts from international financial centres and examinations from the Securities and Investments Institute in the UK, a top official said.

Janet Johnstone, managing director and senior executive officer, Dubai Branch at BNY Mellon, said: 'We are proud to be able to offer young Emiratis the opportunity to enhance their practical knowledge and gain a valuable understanding of practices and workings within international institutions.'

'The TRL internship programme reaffirms our commitment to serving the region and knowledge development within the GCC,' she remarked.

Paul Koster, chief executive at DFSA, said the TRL Programme, since its inception, remains one of DFSA's most important strategic initiatives.

'The programme is designed to facilitate transfer of knowledge and expertise from experienced international regulators to young Emirati Associates, so as to create future leaders in financial services regulation in this region,' he noted.

“BNY Mellon is an important player within the Dubai International Financial Centre (DIFC), and we are delighted to nurture a partnership approach between the regulator and the regulated.'

'BNY Mellon adds real value to the Programme by providing secondment opportunities to our Associates, equipping them with a practical application of regulatory disciplines in a professional environment,' Koster added.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets.

It is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.-TradeArabia News Service