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Trust Administration Intern - 3DFU6 in Wilmington, DE at M&T Bank

Date Posted: 2/17/2018

Job Snapshot

Job Description

Trust Administration Intern
Wilmington Trust
Wilmington, DE
 
FUNCTION:
Participates in a specialized 8 to 10 week program focused on exposing participants to multiple functions within the Wealth Management business.
 
POSITION RESPONSIBILITIES:
Learn about the trust and wealth management business while developing and refining relationship management skills.  Receive job-specific training and exposure to at least five of the following specific to wealth management 1) KYC (Know Your Customer)/compliance, 2) business acceptance, 3) account opening and vetting, 4) asset acceptance/investment objectives and mandates, 5) atypical assets/concentrations, real estate and limited liability companies (LLC), 6) discretionary memo completion with Trust & Investment Committee attendance, 7) tax analysis/estate and gift tax, GST and income tax, 8) trust review/statements, fees, investments and distributions, 9) co-trustee/advisor client meetings or calls, 10) money movement or process/cybersecurity procedures and 11) tax payments and filings.
Complete tasks in a manner that are in compliance with applicable laws and regulations and/or that help serve the Company be in compliance with laws and regulations that apply to the business line the position supports.
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.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Complete other related duties as assigned.
 
NATURE AND SCOPE:
Working in conjunction with the University of Delaware, a specialized intern program is being developed to expose Bachelor degree candidates to the trust and wealth management business.  Through this concentrated 8 to 10 week program, participants will gain exposure to at least five different components of the business.
 
 
 
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.