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2020 Wealth and Investment Management Summer Internship Program

Wells Fargo

Wells Fargo

2020 Wealth and Investment Management Summer Internship Program

Washington, DC +10 locations
Internship
Paid
  • Responsibilities

    WIM University Programs seeks to attract, develop and retain exceptional recent* college graduates to Wealth and Investment Management. Our goal is to build bench-strength as well as increase our commitment to diversity in WIM.

    The Wells Fargo Wealth and Investment Management (WIM) Internship Program is ideal for current undergraduates interested in working in a collaborative environment which is focused on personal and professional development.

    In the WIM Internship Program, participants will have the opportunity to understand the day-to-day responsibilities of a full-time team member, and will gain comprehensive professional and industry experience. Over the course of ten weeks, participants will also complete a group project, gain exposure to senior leaders, participate in a community service project and benefit from coaching and performance feedback sessions. WIM Interns will also participate in the Wells Fargo Corporate Internship virtual learning series.

    The WIM Internship Program consists of two tracks: Cross WIM and WIM Financial Advisor (FA).

    • CROSS WIM: 25 intern positions throughout Wealth, Brokerage, Retirement, Abbot Downing, WFII, WFAM, and Staff lines of businesses. Program participants gain a deeper knowledge of the financial services industry through hands-on experience in the fields of investment management, financial analytics, project management, consulting, and beyond.
    • WIM FA: Approximately 50 intern positions determined by business needs: Interns located in Private Client Group (PCG) and Wealth and Brokerage Services (WBS) branches mentoring under a Financial Advisor.

    The position locations are centered in Charlotte, St. Louis, Minneapolis and other areas of the country. Position location is determined by business need. They are tied to the business function, and are not flexible. Applicants are encouraged to be open to relocation for the summer, for which a small stipend is provided.

    WEALTH MANAGEMENT (WM): Wealth Management business is a leading provider of financial services to high-net worth clients through Wells Fargo Private Bank, and to the affluent segment through partnerships between Wealth Brokerage Services and the Community Bank. In Wealth Management, clients are provided with a complete range of solutions to help them manage, preserve and transfer their wealth.

    WELLS FARGO ADVISORS (WFA): Wells Fargo Advisors operates the nation’s third-largest Brokerage business with 13,800 Financial Advisors and 5,300 licensed bankers in retail stores across the U.S. Wells Fargo Advisors administer $1.6 trillion in client assets. Unprecedented choice and flexibility for Financial Advisors and their clients is provided through distinct business channels supported by established products, services and technology.

    RETIREMENT: Wells Fargo Retirement is a top retirement provider to retail and institutional customers across the U.S. and is ranked as the seventh-largest retirement plan record keeper by PLANSPONSOR Magazine. The company also administers custody assets, provides investments and executive benefits to institutional clients and delivers reinsurance services to global insurance companies.

    ABBOT DOWNING (AD): Abbot Downing is a boutique business within Wells Fargo that serves individuals and families with investable assets of at least $50 million or net worth of $100 million, as well as their endowments and foundations. Abbot Downing strives to build long-standing relationships by helping clients preserve and grow wealth, address the impact of wealth across generations and leave a legacy of purpose.

    WELLS FARGO ASSET MANAGEMENT (WFAM): Wells Fargo Asset Management brings together a strategic balance of investment capabilities to serve the investment needs of clients worldwide: institutions, financial advisors, and individuals. Wells Capital Management is a registered investment advisor and a dedicated institutional asset manager within the WFAM umbrella. Their mission is to deliver superior investment service to our institutional clients globally.

    WELLS FARGO INVESTMENT INSTITUTE (WFII): Wells Fargo Investment Institute (WFII) is a registered investment adviser and wholly-owned subsidiary of Wells Fargo & Company, providing investment research guidance, strategy, manager research, portfolio solutions and thought leadership within the Wealth and Investment Management (WIM) division, with the goal of supplying world class advice to the company’s financial and wealth advisers. WFII provides investment advice to Wells Fargo Bank, N.A., Wells Fargo Advisors and other Wells Fargo affiliates.

    WIM STRATEGIC CLIENT SOLUTIONS: WIM Strategic Client Solutions offers process and program management for a variety of initiatives. Primarily, the group oversees and leads integration projects (including acquisitions) and the implementation of WIM strategic initiatives, provides WIM leadership for enterprise and cross-WIM initiatives, manages project governance for WIM projects, and provides leadership for international projects.

    General Responsibilities

    • Interact with leaders at all levels of the organization including senior management, team members, individual contributors and vendors.
    • Provide customer service to clients and internal team members as needed and appropriate.
    • Understand processes and work flows to make recommendations for process improvements.
    • Bring closure to issues, questions and requests. Solve problems independently.
  • Qualifications

    WELLS FARGO WILL NOT SPONSOR VISAS FOR THESE POSITIONS AND WILL NOT HIRE INDIVIDUALS  WHOSE WORK ELIGIBILITY IS BASED ON THEIR F-1 OR OTHER STUDENT VISA STATUS SUCH AS OPTIONAL PRACTICAL TRAINING (OPT). CANDIDATES MUST BE AUTHORIZED TO WORK IN THE UNITED STATES ON A PERMANENT BASIS

    REQUIRED QUALIFICATIONS

    • 1+ month of professional experience through internships, part-time, or full-time work

    DESIRED QUALIFICATIONS

    • Completion of coursework in Business, Economics, Finance, Accounting, Marketing, Communications, English or related field
    • Experience successfully collaborating with others in a change driven environment
    • Ability to organize and manage multiple priorities
    • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
    • Excellent verbal, written, and interpersonal communication skills
    • Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
    • Knowledge and understanding of financial services industry
    • Leadership experience including; coaching, training, and mentoring

    OTHER DESIRED QUALIFICATIONS

    • Prefer an undergraduate degree with a graduation date of December 2020 - May 2022

    DISCLAIMER

    All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

  • Industry
    Financial Services
  • Locations
    San Francisco, CA • Washington, DC • Atlanta, GA • Minneapolis, MN • Saint Louis, MO • Charlotte, NC • Plano, TX • Dallas, TX • Austin, TX • Salt Lake City, UT • Seattle, WA
  • About Us

    Wells Fargo’s historical bank has been serving communities since 1852—with customers in one in three households nationwide and 8,700 locations across 33 countries. Wells Fargo—“Most Admired” among the world’s largest banks by Fortune magazine—offers an extensive portfolio of banking, mortgage, insurance, investment, consumer, and commercial expertise for every financial need. The Vision, Values & Goals of Wells Fargo details the enduring principles that guide all Wells Fargo team members in the work they do every day — in serving customers and helping each other.