Summer Internship Opportunities in Wealth Management

Job Description

About WSFS Bank:

WSFS Bank is a leading, locally headquartered bank and wealth management company in the region. They are committed to empowering their Associates to grow their careers, guiding customers to secure their financial futures, and actively supporting their communities. The company has a strong reputation for its inclusive and supportive culture, competitive salaries, and opportunities for advancement. They are consistently recognized as a Top Workplace by their Associates. WSFS Bank’s mission is “We Stand For Service®”, which reflects their commitment to serving their customers, communities, and Associates.

Job Description: Summer Internship Opportunities in Wealth Management

WSFS Bank is seeking college students interested in Summer Internship opportunities within their Wealth Management division, which includes Bryn Mawr Trust, Bryn Mawr Capital Management, and Private Banking.

Internship Program Highlights:

• Comprehensive Curriculum: Includes a specified learning path, networking roadmap, and a framework for a division-level team project and presentation to senior leaders.
• Support Network: Dedicated mentor, peer-to-peer interactions, networking, volunteer, and community service opportunities.
• Exposure to Executives: Opportunities to network with and gain exposure to WSFS Bank executives.
• Social Events: Engagement with peers and division leaders.
• Business Line Workshops: Participation in workshops and DE&I resource groups.
• Potential Full-Time Opportunity: Rising Seniors may have the opportunity to join WSFS as a full-time Associate upon successful completion of the internship.

Internship Responsibilities:

Wealth Advisory:

• Assist Wealth Advisors, Investment Advisors, Client Service Associates, and Portfolio Analysts in preparing for client meetings.
• Collaborate with relationship teams and financial planners to prepare for client meetings and assist in plan preparation by entering financial data into the financial planning portal.
• Support internal committees and assist in preparing accurate committee minutes.
• Complete special projects to build wealth management capabilities, client experiences, and office operations.
• Prepare communications (mailings, faxing, emailing, filing, making copies, scanning documents, generating reports, etc.).
• Perform research and analyze data for clients.

Private Banking:

• Assist Portfolio Administrators in day-to-day support of Private Banking clients (account set up, money movement, account modifications).
• Create ad hoc reports for senior management and projects in support of Private Banking (market research, marketing materials).
• Learn Private Bank offerings (deposit and loan products, other services).

Legal and Compliance:

• Work with fiduciary counsel team on research projects relating to personal trust administration and fiduciary responsibilities.
• Research the impact of federal and state regulations on the Wealth divisions and prepare summaries for presentations.
• Stay up-to-date on recent case law and its impact on the Wealth divisions, providing summaries to the fiduciary legal team.
• Assist departments in updating and refining procedures and best practice forms.

Strategy and Development:

• Support special projects.
• Collect and organize data on current sponsorships and affiliated associations.
• Create engagement strategies and work with association leaders to develop opportunities to promote products and services.
• Coordinate aspects of events and sponsorships (videos, logos, attendance, prizes, giveaways, registration, collateral, exhibitor booth).
• Develop event calendars and timelines for advertising deadlines for all business units.
• Perform financial accounting, reporting, and analysis (reconciliations, general ledger entries, financial metric interpretation, presentations for senior management).

Bryn Mawr Trust:

• Provide general support to all aspects of trust administration and operations.
• Support customer compliance and due diligence.
• Support Middle Office operations.

Capstone Project:

• The internship concludes with an in-depth capstone project in collaboration with other Wealth Interns, presented to WSFS Senior and Executive Leaders.

Internship Details:

• Paid, full-time (40 hours per week) schedule.
• Location: Designated Wealth or Trust office in Greenville, Wilmington, Rehoboth, Delaware; Philadelphia, Hershey, or Berwyn, Pennsylvania; or Princeton, New Jersey.

Minimum Qualifications:

• 18 years of age or older.
• Business-related or related college major preferred.
• High school diploma or equivalent.
• Minimum of one (1) full year of college completed by May 2025.
• Reliable transportation.
• Ability to work independently, efficiently, and on time with minimal supervision.
• Strong teamwork skills.
• Ability to participate in in-person and virtual interviews, orientation, and work in a hybrid environment.
• Availability for the full-time position (40 hours per week) from June to August.
• Advanced computer proficiency, including Microsoft Office.

Equal Opportunity Employer:

WSFS Bank is an equal opportunity employer and does not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, veteran status, disability status, or other legally protected characteristics.