Summer Internship – Wealth Management & Trust
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Job Description
About Salem Five
Salem Five is a growing regional financial services organization with a rich history spanning over 160 years. As an independent bank, Salem Five is deeply rooted in the communities it serves and offers its employees successful and rewarding careers. The company has over 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company.
Salem Five is committed to supporting the communities it serves through donations through its Charitable Foundation or events at the branch or location-level.
Job Description
The internship program at Salem Five Bank is a paid summer internship for college students completing their sophomore or junior years. The internship is a full-time assignment, Monday through Friday from 8:30 a.m. to 5:00 p.m. (2025 program dates are Tuesday, May 27, 2025 through Friday, August 8, 2025).
Internship Responsibilities:
• Work with members of the Salem Five Wealth Management & Trust team to gain a working knowledge of processes and the overall business operations of investment services in a mutual savings bank.
• Participate in Salem Five events and contribute to specific projects in progress.
• Join the team after completing an Intern Orientation on the first day.
Daily Work/Assignments:
• Compile client information for financial plans / client presentations
• Generate Morningstar Portfolio Analysis Reports
• Assist in operational support / account functions of support team
• Attend client meetings
• Participate in monthly meetings with investment managers
• Initiate the Daily Deposit Report
• Assist with client outreach / marketing efforts (Salesforce CRM)
Development Activities/Training:
• Participate in bi-weekly case studies with advisors to gain an understanding of how financial needs are being met.
• Attend group meetings.
Company Events:
• Participate in several company events including the Cancer Walk and Company Outing, as well as client events.
Intern Professional Development Opportunities:
• Liaise with different members of the organization and understand the business from a practitioner’s perspective.
• Develop job related skills.
• Participate in industry meetings or events.
Skills And Mindset Desired For The Position:
• Professional demeanor and passion for learning
• Can-do attitude with high energy, ability to multi-task, and willingness to work on a variety of initiatives simultaneously
• Critical thinker with strong attention to detail
• Resourceful self-starter with the ability to work on assignments independently
Application Process:
Qualified candidates can submit a resume and application online at salemfive.com/careers or mail your resume to Human Resources, 210 Essex Street, Salem, MA 01970.
