Following a summer internship last year, Yalemwork Teferra ’21 has secured a position as a USD Clearing Analyst after graduation.
Yalemwork Teferra ’21 has accepted a post-graduate position as a USD Clearing Analyst with BNP Paribas. She landed the job after completing an internship as a summer analyst, also in the clearing and payments group.
“I am very excited to have the opportunity to work with BNP Paribas again after learning about their group and the work they do,” Teferra says. Through her remote internship, Teferra gained insight into relationship management, account monitoring and anti-money laundering and sanctions management.
“It was interesting to learn about the various branches of a bank in addition to the more traditional elements of corporate and investment banking such as leveraged finance and global markets through networking with other departments,” she says. Though interning remotely was challenging, Teferra says it motivated her to identify opportunities where she could add value. “It pushed me to be more aggressive and to have confidence in the workplace and my abilities,” she says.
BNP Paribas, an international banking group, is one of the world’s largest banks by total assets and operates in 77 countries. In her new role, Teferra will contribute to the effective management of clearing and settlement related activities, as well as analyze various control reports and provide additional insights into data trends.
Teferra learned about summer opportunities with BNP Paribus from Mike Goulart ’20, an analyst on the firm’s High Grade Finance team, and Olivia Cargian ’18, an investment banking analyst.
An international relations major and double minor in economics and Africana studies, Teferra honed her interest in finance through career treks coordinated by the Salisbury Center for Career, Professional and Experiential Education. Before studying abroad in France in the spring of 2020, Teferra attended both the NYC Finance Experience and the Boston Finance Experience, where she connected with almost 100 HWS alums and community members in the industry, at firms including: Fidelity Investments, Bloomberg, Credit Suisse, JP Morgan and Citi Bank.
“Visiting banks on Wall Street helped me gain an understanding of the elements of banking and finance, as well as the corporate culture and jargon that was helpful when prepping for my interview,” she says.
Heading into the spring of her senior year, Teferra is already identifying opportunities to pay it forward on campus. “I hope that with more women and people of color entering these fields, we can begin to demystify the realm and diversify these spaces to open up more opportunities for women and POC,” she says. In collaboration with Intercultural Affairs, Teferra has been ideating about ways to support students as they begin to “understand and maneuver within these spaces.”
On campus, Teferra works in the Office of Communications as a student writer, the Office of Admissions as a tour guide, and the Office of Intercultural Affairs as a lab monitor. As the recipient of the Stephen W. Woodworth ’54 Fisher Center Student Fellow in 2019, Teferra conducted research with Associate Professor of Economics Keoka Grayson on the criminalization of Black individuals and its relationship to identity formation. She has also held internships with Dansie and Dansie LLP and Sotheby’s International Realty.
Recently, Teferra was the guest host of the International Relations Department podcast “It’s More Complicated Than That.”