Corporate Summer Internship Program- Family Wealth, Wealth Management

This is a hybrid position located in Wilmington, DE. This is a hybrid position located in Wilmington, DE. Overview:
Summer Interns complete a 10 week internship centered around professional development, career growth and building the necessary skills to succeed. Summer Interns participate in projects and department initiatives that accelerate career growth and play an important role in building the future of the Bank. As an Intern, you will gain exposure to other departments through guest speakers and industry leaders and a built-in network with peers as well as priority consideration for full time opportunities throughout the Bank.

Wilmington Trust is a leading provider of wealth and institutional services for M&T Bank, one of the 15 largest U.S.

-owned, commercial bank holding companies. With roots dating to the founding of Wilmington Trust Company in 1903 by T. Coleman DuPont, Wilmington Trust has been serving and providing guidance that have helped generations of families and businesses thrive backed by the sound experience of our professionals and a forward-looking mindset. The Wealth Management division serves clients in all 50 states and 35 other countries and is one of the largest personal trust providers in the United States.

The Wealth Management Trust Services division is entrusted to holistically administer generations of family wealth within personal trusts on behalf of M&T Bank. They ensure that the management and administration of the Trust is done in accordance with our fiduciary obligations and pursuant to the terms of the governing instrument (i.e., a will or trust agreement).

Interns will work with the Trust Administration team to understand how Wilmington Trust manages its most significant relationships. This includes:
An overview of the various systems and tools we utilize to administer trusts and relationships. Work on projects and assignments involving common trust administration and relationship management issues, including analyzing trust documents and preparing memos on the administrative and governing terms; evaluating distribution and termination requests; and preparing client books for existing and prospective clients. Meet with various stakeholders throughout Wilmington Trust and M&T Bank, including the Asset and Investment Management team, Relationship Managers, Trust Officers, Legal, Estate Administration, Unique Assets, Compliance and Risk, and more.

Observe various committee meetings related to trust administration, including new business, terminations, distributions, unique assets, and modifications. Work and collaborate on a final capstone project to incorporate your knowledge by preparing a client book and presenting a pitch meeting, involving a discussion on the trust documents and available planning opportunities.

The M&T Bank/Wilmington Trust Summer Interns can participate in our weekly programming- these include our Executive Speaker Series, our Spotlight Series featuring guest speakers from key areas of the organization, and Career Development Workshops where they can work directly with Recruiters to brush up their resumes and interviewing skills. We also offer opportunities to collaborate with other interns through our Summer Challenges and Meet & Greets.

• Complete duties and responsibilities of an entry-level professional nature specific to assigned area of the Bank.
• Ensure activities adhere to established internal policies and external regulations as applicable.
• Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.
• Identify risk-related issues needing escalation to management.
• Design,…