Business Risk Control and Regulatory Oversight Summer Internship

August 13, 2024
$45 / year

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Job Description

About Wells Fargo

Wells Fargo is a leading financial services company committed to providing a positive client experience and protecting its business through a strong business-control infrastructure. The company is known for its diverse range of financial products and services, catering to individuals, businesses, and institutions.

Job Description: Business Risk Control and Regulatory Oversight Summer Internship

This internship program provides a 10-week overview of Wells Fargo, offering valuable work experience and the chance to learn about the company’s operations, business strategies, and corporate culture.

The program encompasses five unique pathways:

Control Management: Participants collaborate with front-line business groups to assess and mitigate operational risk across Wells Fargo.
Enterprise Complaints and Remediation (ECR): This pathway involves supporting teams that address customer concerns, resolve customer impacts from operational breakdowns, and provide executive reporting and strategic communication.
Regulatory and Policy Affairs (RAPA): Participants contribute to Wells Fargo’s regulatory, policy, and governance activities, ensuring effective communication and coordination with stakeholders.
Risk Transformation and Execution: This pathway focuses on using the company’s primary operational risk and control identification tool (RCSA) to assess operational, compliance, and model risks.
Sales Practices and Conduct Management: Participants support the investigation of possible employee misconduct, analyze trends, and protect Wells Fargo resources.

During the internship, you will:

• Participate in formal internship program and workshop initiatives.
• Review assignments to become familiar with policies and procedures related to low-to-medium risk tasks.
• Receive direction from managers and exercise independent judgment while developing an understanding of compliance and risk management requirements.
• Collaborate and consult with colleagues to resolve issues and achieve goals.

Ideal candidates:

• Possess strong communication skills, attention to detail, and the ability to prioritize multiple tasks.
• Are energetic self-starters with a genuine interest in learning and growth.
• Possess leadership skills and are comfortable navigating regular feedback and coaching.
• Can work effectively in a fast-paced, highly-collaborative culture, both in person and virtually.
• Have experience in data analytics or Agile methodology (desired).

Program Details:

Dates: Summer 2025.
Duration: 10 weeks.
Hours: 40 hours per week.
Location: Charlotte, NC; Dallas, TX; Des Moines, IA; Minneapolis, MN; New York, NY; Phoenix, AZ; St. Louis, MO.

Qualifications:

Required: 6+ months of work experience (or equivalent).
Desired: Currently pursuing a bachelor’s degree (graduation between December 2025 – May/June 2026); experience in the financial services industry; demonstrated interest in data and reporting.

Compensation:

• Pay range: $20.00 – $45.00.

Benefits:

• Comprehensive benefits package including 401(k), paid time off, parental leave, health benefits, tuition reimbursement, and more.

This internship program is a pipeline to the full-time Analyst Program, offering successful interns the opportunity to return for a full-time position the following year.