Commercial & Credit Internship Program - Chicago - May 2025
Company: Fifth Third Bank
Location: Chicago
Posted on: September 12, 2024
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Job Description:
Make banking a Fifth Third better
We connect great people to great opportunities. Are you ready to
take the next step? Discover a career in banking at Fifth Third
Bank.GENERAL FUNCTION:Fifth Third Bank's project-based 10-week
Commercial and Credit Internship Program gives college students the
opportunity to participate in a hands-on program supporting the
Cincinnati, Chicago or Charlotte markets. This is a paid
professional development opportunity where you'll learn Fifth Third
Bank's business practices, operations, and procedures, and build
skills you need to assume a permanent role at a commercial banking
institution. Housing assistance is available to eligible
interns.You will be responsible and accountable for risk,
encouraged to openly exchange ideas and opinions, elevate concerns,
and follow policies and procedures to safeguard the company. Doing
the right thing for customers and colleagues is key; you'll ensure
their actions and behaviors drive a positive customer experience,
achieving real results by consistently identifying, assessing,
managing, monitoring, and reporting risks of all types. The
Commercial and Credit Internship program is designed to give
college graduates real-world experience in a professional setting.
Through guided and self-directed learning and training activities,
this program gives participants exposure to professional
development, critical skill building, and helps them prepare for a
career in financial services. This internship helps college
students gain meaningful work experience and targeted educational
opportunities to develop as future organizational leaders and get
exposure to multiple business areas. Gain on-the-job skills and an
understanding of the real-life work environment, while developing a
professional network that includes some of the best talent in the
industry.WHAT YOU'll DOParticipants will have exposure to credit
and sales rotations and get hands-on training from industry
leaders, developing skills in analyzing client financial
statements, assessing risk, financial modeling and underwriting,
and developing key critical thinking skills you'll need in a career
driving economic growth. Get meaningful work experience and
targeted educational opportunities to develop future organizational
leaders. You'll work on projects for Fifth Third Bank, receiving
feedback and an evaluation based on accuracy, completeness, and
through meeting applicable deadlines. You'll also have an
opportunity to receive mentoring from industry professionals, have
exposure to executive leadership and participate in social and
networking activities. At the conclusion of the internship, you'll
present your overall experience to the senior leadership team,
including key concepts learned and an overview of each project.
ESSENTIAL DUTIES AND RESPONSIBILITIES:* Gain an understanding of
the underwriting process with oversight* Assess credit risk using
financial statement, cash flow, industry, collateral, guarantor,
and loan structure analyses* Update financial covenants as needed*
Run Probability of Default (PD) model with oversight* Partner with
portfolio managers to support the daily underwriting and credit
monitoring duties while performing analytical tasks as needed*
Understand and evaluate completed spreads to determine necessary
edits* Identify and recommend preliminary portfolio management
actions using credit service reporting and RADAR with oversight*
Create client presentation materials using PowerPoint, Excel, Word*
Use Dealpoint Profitability Analyzer to assess the client
relationship and determine RAROC value.* Assist in identifying and
qualifying prospects with relationship manager* Partner with
relationship managers to perform projects or analytical tasks as
needed* Draft initial deal screen / opportunity memos.* Build an
extensive network of contacts within commercial and supporting
divisions.* Attend formal training classes, complete assigned
eLearning courses and participate in extensive
self-learning.SUPERVISORY RESPONSIBILITIES: None.MINIMUM KNOWLEDGE
& SKILLS REQUIRED:
Keywords: Fifth Third Bank, Berwyn , Commercial & Credit Internship Program - Chicago - May 2025, Other , Chicago, Illinois
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