Summer Intern – Credit Risk Administration

Job Description

Summer Intern – Credit Risk Administration | Webster Bank

The Tone:
This is a hybrid internship at Webster Bank, located in Southington, CT; Jericho, NY; or Paramus, NJ. Webster Bank, founded in 1935, is a leading commercial bank committed to putting people first, helping individuals, families, businesses, and colleagues achieve their financial goals. This internship offers high-performing students an exciting opportunity to gain real-world experience, knowledge, and skills while working side-by-side with experienced colleagues. The program is designed to provide meaningful work, broad exposure to corporate functions, and mentorship, aiming to create a pipeline of future leaders for the bank.

The TL;DR
• Role: Internship
• Type: Seasonal
• Location: Southington, CT; Jericho, NY; Paramus, NJ – Hybrid
• Pay: $21–$23 hourly
• Team: Credit Risk Administration, assisting the Credit Risk Review team
• Mission: Understand and support credit risk management and commercial banking operations.
• Tech Stack: Word, Excel, PowerPoint

What You’ll Actually Do
• Understand: Understand Webster Bank’s comprehensive Risk Management function, with a specific focus on the critical activities performed by the Credit Risk Review team.
• Acquire: Acquire hands-on exposure to the commercial credit policies and robust procedures employed in the evaluation and management of diverse loan requests.
• Support: Support the Credit Risk Review team by assisting in the thorough review of loans to ensure their execution and ongoing management strictly adhere to established bank policies and documentation standards.
• Cultivate: Cultivate a practical working knowledge of the key systems and operational processes integral to both the Credit Risk Review function and the broader Commercial Bank.
• Undertake: Undertake a significant department-assigned project over the 10-week internship period, culminating in a professional end-of-program presentation to managers and relevant stakeholders.

The Must-Haves
• Background: Current undergraduate rising Junior or Senior, enrolled in an accredited college or university, pursuing a degree in a related field with a demonstrated interest in the banking or financial services industry.
• Experience: Experience creating and delivering presentations.
• Skills: Strong analytical abilities; excellent written and verbal communication skills; highly organized with strong attention to detail; proficient in Microsoft Word, Excel, and PowerPoint.
• Bonus: Resourceful, enthusiastic, proactive, self-motivated with a strong work ethic, collaborative team player, and ability to learn quickly and solve problems; legally eligible to work in the U.S. and able to travel to corporate offices for events or training.