Simplify Logo

Internship

Commercial Banking Intern

Posted on 10/1/2024

Santander

Santander

10,001+ employees

Provides banking, investment, and insurance services

Financial Services
Fintech

Compensation Overview

$32.5Hourly

Boston, MA, USA + 1 more

More locations: New York, NY, USA

No relocation assistance offered.

Category
Commercial Banking
Finance & Banking
Required Skills
Sales
Financial analysis
Marketing
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • Undergraduate student (Bachelor’s Degree) with an expected graduation date between Fall 2026 - Spring 2026
  • Cumulative GPA of 3.5 or above
  • Excellent written and verbal English language skills
  • Experience with Excel and PowerPoint
  • Strong analytical and problem-solving skills
  • Adaptability to work in a fast-paced market environment
  • Solid professional and personal work ethic
  • Ability to work independently on special projects
  • Ability to work in an environment that supports employees from all backgrounds and fosters an environment of inclusion
Responsibilities
  • Learn general knowledge about banking industry and about Commercial Banking sector
  • Work as part of a team, participating in projects that may include: customer financial analysis & monitoring, customer outreach efforts, analysis of client base and information on competitors, performing competitive benchmarking of our publicly available sales collaterals and bank marketing portals, implementing and managing client onboarding process, and small research projects
  • Participate in team meetings and meet with team members/interns from areas across Commercial Banking to develop an understanding of various roles and functions within the organization
  • Provide internal and external market intelligence including competitor analysis reports and best practices
  • Develop network of contacts through meeting with fellow interns and Santander team members
  • Perform data analytics and executive presentations
  • Collaborate across teams and manage multiple projects
  • Create an environment of diversity, equity, and inclusion where all perspectives are valued and all people are welcomed

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, banking fees, and commissions from investment and insurance services, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Company Stage

N/A

Total Funding

$75M

Headquarters

Boston, Massachusetts

Founded

1902

Simplify Jobs

Simplify's Take

What believers are saying

  • Santander's strong community focus and significant financial commitments can lead to a positive work environment and a sense of purpose.
  • Partnerships with tech giants like Google can provide employees with cutting-edge skills and learning opportunities.
  • The bank's diverse range of services and products offers employees a broad spectrum of career development paths.

What critics are saying

  • Recent cybersecurity breaches compromising millions of customer accounts highlight potential vulnerabilities and reputational risks.
  • Incidents of internal fraud, such as the theft by a former employee, can undermine trust and employee morale.

What makes Santander unique

  • Santander's Inclusive Communities Plan, with a $13.6 billion commitment, sets it apart by focusing on community growth and support for underrepresented entrepreneurs.
  • The bank's collaboration with Google to offer free AI courses demonstrates a unique approach to enhancing customer skills and competitiveness.
  • Santander's comprehensive service offerings, including specialized advisory and securities services, provide a one-stop solution for diverse financial needs.

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

INACTIVE