Bank Internship

Job Description

About the company:
The job description does not provide specific details about the company’s name, size, or mission beyond it being a “community bank” and referred to as “BankIowa” in the performance measures. It emphasizes a focus on community banking functions and adherence to internal policies and regulatory compliance (Bank Secrecy Act/OFAC/CIP).

Job Description, detailed:

This is an internship position scheduled to run from May through August 2026.

Position Summary:
The primary goal of this bank internship is for the intern to gain a thorough understanding of the everyday functions of a community bank. The intern will primarily assist the Commercial Banking Department in all aspects of developing and managing the commercial loan portfolio. Significant emphasis will be placed on the credit analysis process and data entry. The role also encompasses other areas of the lending process, including interviews, investigation, documentation, and collection.

Primary Accountabilities and Responsibilities:

• Accountability 1 (30%): Assist with the commercial credit analysis process, including data entry.
• Accountability 2 (15%): Assist loan operations with accurate and timely delivery of loan documents and maintain loan files and tracking in accordance with bank policy.
• Accountability 3 (15%): Assist in preparing portfolio management reports, such as credit reports, annual reviews, cash flow analyses, financial statements, and inspection reports. Provide executive management with required reports and loan information.
• Accountability 4 (10%): Conduct inspections of collateral. Assist with collecting loans. Initiate and follow through with liquidation/foreclosure when necessary.
• Accountability 5 (10%): Monitor local and national business trends.
• Accountability 6 (10%): Complete a special project assigned by bank management.

Secondary Duties and Responsibilities (10%):

• Assist in other departments of the bank as needed.
• Comprehend and comply with all pertinent Bank Secrecy Act (BSA)/Office of Foreign Assets Control (OFAC)/Customer Identification Program (CIP) policies and procedures.
• Complete annual training related to BSA/OFAC/CIP.
• Identify customers and establish expected patterns of behavior through customer profiles, Non-Bank Financial Institution (NBFI) forms, and risk ratings.
• Communicate any unusual activity or loan fraud to the BSA Officer.
• Responsible for following bank policies and procedures for compliance relative to their position’s functions.
• Complete applicable annual compliance training as required by compliance laws, regulations, and bank policy.

Education, Experience, and Other Requirements:

• College students majoring in business, accounting, finance, or a related field.

Performance Measures:

• Models and upholds BankIowa’s Behavior Standards.
• Punctuality and attendance.