The posting
***Wilmington Vault Early Start Summer Internship***
Overview:
We are seeking four local college students in the Wilmington, Delaware area to join our Wilmington Vault team for a unique early-start internship experience.
Selected interns will begin working part-time in April, giving them the opportunity to gain hands-on experience with the team before transitioning into our 10-week Summer Internship Program beginning June 7.
This opportunity is ideal for students interested in finance, banking, wealth management, trust administration, operations, or business who are looking to gain practical experience while developing a deeper understanding of how financial assets and important client documents are managed and maintained.
About the Wilmington Vault Team
The Wilmington Vault team plays an important role in safeguarding and reviewing physical assets and documentation held on behalf of clients. Each year, the team conducts an extensive review of approximately 80,000 individual assets and documents, with each item requiring its own evaluation and verification.
As an intern, you will gain unique exposure to a variety of financial, legal, and trust-related assets and documents, which may include:
- Bonds
- Patents and trademarks
- Titles
- Certificates
- Promissory notes
- Trust-related documentation
Through this experience, interns will develop a better understanding of trust administration, asset management, financial documentation, risk and controls, and the different types of assets managed within the Bank.
What You'll Do
Interns will work alongside members of the Wilmington Vault team to support the annual asset review process and other departmental responsibilities.
Responsibilities may include:
- Review physical assets and documents and compare information against internal reports to verify accuracy and completeness.
- Partner with team members to complete asset verification and quality-control activities.
- Identify discrepancies between physical documentation and internal records.
- Research account history and supporting documentation to help resolve discrepancies and prevent exceptions.
- Gain exposure to how different asset types are held, documented, and administered within trusts.
- Maintain daily tracking logs to record completed work and support progress reporting.
- Assist with document filing, organization, and other Vault responsibilities.
- Follow established policies, procedures, internal controls, and applicable risk and regulatory standards.
- Complete additional projects or responsibilities as assigned.
Summer Internship Experience
Beginning June 7, interns will transition into our broader 10-week Summer Internship Program, centered around professional development, career exploration, networking, and building skills for future success.
In addition to their work with the Wilmington Vault team, interns will have opportunities to:
- Participate in professional development and career-building programming.
- Connect with fellow interns and build a strong peer network.
- Gain exposure to other areas of the Bank through guest speakers and industry leaders.
- Participate in department projects and initiatives.
- Build skills and experience that can support future career opportunities throughout the Bank.
- Receive consideration for future opportunities based on business needs and internship performance.
What We're Looking For
We're looking for students who are dependable, detail-oriented, curious, and eager to learn. Successful interns should be comfortable working with detailed information and understand the importance of accuracy when handling financial and legal documentation.
Ideal candidates will demonstrate:
- Strong attention to detail and organizational skills.
- Ability to carefully review and compare information.
- Strong communication and collaboration skills.
- Willingness to ask questions and learn new concepts.
- Ability to work both independently and as part of a team.
- Reliability and accountability.
- An interest in banking, finance, wealth management, trust administration, operations, or related areas.
What Makes This Opportunity Different
This isn't your typical summer internship.
You'll have the opportunity to get an early start in April, work part-time alongside the Wilmington Vault team, and begin building real-world experience before the traditional summer internship even begins. In June, you'll continue that experience while joining the full summer intern cohort and participating in summer programming, networking, and professional development.
For students local to the Wilmington, Delaware area, this is an opportunity to learn the business from the inside, work directly with unique financial and legal assets, and build a foundation for a future career in banking and financial services.
Scope of Responsibilities:
The jobholder works under immediate supervision.
Supervisory/Managerial Responsibilities:
Not Applicable
Education and Experience Required:
- Currently pursuing a Bachelor’s or Master’s degree
- Minimum Cumulative GPA of 3.0
- Work Visa Sponsorship not offered for this role
Education and Experience Preferred:
- Strong written and verbal communication skills
- Demonstrated computer skills
- Proven analytical skills
- Proven critical thinking skills
- Strong organizational skills
- Detail-oriented
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $18.00 - $28.00 per hour. The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above encompasses all geographic locations. The pay rate specific to your location will fall within this range and is available from your recruiter.
Location:
Wilmington, Delaware, United States of America
