Summer Intern
Wells Fargo —
Columbia, MD
Job Title:
Summer Intern
Requisition Number:
3749273
Schedule Type:
Flexible
Work Hours:
Telecommute Option:
Not Indicated
MD-Columbia
Location:
Job Description
This position is within Corporate Trust Services (CTS).
PLEASE NOTE: this is a temporary seasonal position, lasting approximately 8-12 weeks.
Wells Fargo (NYSE: WFC) is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance from 5,800+ stores, the nation s top internet banking site (www.wellsfargo.com) and other distribution channels across North America and elsewhere internationally. We re headquartered in San Francisco, but we re decentralized so every local Wells Fargo store is a headquarters for satisfying all our customers financial needs and helping them succeed financially. Wells Fargo has $428 billion in assets and more than 165,000 team members. We are one of the United States top-40 largest employers. Our vision is to satisfy all our customers financial needs, help them succeed financially, and become known as one of America s great companies and the number one financial services provider in each of our markets.
We are currently seeking highly motivated dynamic individuals to fill a Summer Intern position. The intern will participate in the development and delivery of Wells Fargo Corporate Trust Services products and services. The successful candidate for this position will work independently or with team members and/or clients to resolve operational issues, ensure compliance with all contractual obligations, and ensure compliance with all internal operational guidelines and procedures. Securities Administration involves interpreting the complex legal documents that describe the allocation of payments to various classes of securities. Each new structure is modeled to ensure that principal and interest calculations match the governing document.
The Intern will perform some of the responsibilities of securities administration which may include, but are not limited to:
- Process routine transactions or reconcilement's relating to loan or security transactions or payments.
- Perform Collateral Compliance Tests in accordance with series deal documents and department procedures.
- Research and interpret legal documents such as Indenture, Collateral Manager Agreement, Trust Agreement, SWAP/CAP Agreements as issues arise with the asset or liability payments.
- Perform all miscellaneous duties or projects as assigned or required in a timely and efficient manner; participate actively in process or system related projects, including assisting our systems support group with design, programming, analysis, testing, and implementation aspects.
- Complete special projects as needed/assigned in a timely and efficient manner.
- Work to help maintain the relationship between Wells Fargo, clients and other parties involved in transactions.
Minimum Qualifications
6+ months work experience.
Preferred Skills
- Progress towards bachelors degree in accounting, finance or related field or recent graduate.
- Advanced Microsoft Excel and Access skills.
- Personal computing experience and expertise, preferably with Microsoft Office products, to include Word, Excel, Access and PowerPoint.
- Proven ability to analyze information and make independent decisions.
- Excellent oral and written communication skills.
- Demonstrated organizational and time management skills.
- Ability to handle multiple priorities.
- Ability to work independently with minimal supervision.
