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2025 Commercial Banking Internship Detroit

Employer
Comerica
Location
Detroit, USA
Salary
Competitive
Closing date
Feb 20, 2025
View more categoriesView less categories
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Commercial Banking Summer Internship Program, (Intern)

Summary:
The Commercial Banking Internship is tailored to students interested in business banking. Whether you desire to become future relationship managers, portfolio managers, or an underwriter this will be a great opportunity. This comprehensive 8-week internship program will provide students the opportunity to experience first-hand the relationship banking environment that has defined Comerica's strong ties to clients, colleagues, and communities for over 170 years.

Position Responsibilities:
Portfolio Management Support
  • Collect and monitor financial information.
  • Work with Portfolio Manager and Relationship Managers on client support.

Sales Support
  • Industry research.
  • Preparation of marketing materials.
  • Prospect identification.

Project: Prospect Identification and Marketing Plan Development
  • Work with the team to understand the target customer profile.
  • Leverage resources such as LinkedIn, publications, etc. to identify prospects.
  • Use industry research to develop value proposition and marketing plan with the Relationship Manager.
  • Create an introductory presentation for the prospect meetings.

Commercial Underwriting
  • Observe the process for spreading financial statements and underwriting loans.
  • Complete a special project to refine key Commercial Underwriting resources.

Interns will also have opportunities to:
  • Have an experienced Relationship Manager as a mentor
  • Observe how new business is generated through referrals, prospecting, and networking
  • Network with executives within the Commercial Bank division
  • Meet with leaders within the Credit organization
  • Meet with product partners to learn about Treasury Management, Global Capital Markets, and International Trade Finance solutions
  • Participate in training opportunities offered by Comerica

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