Intern

Peapack Private Bank & Trust•Bedminster Township, NJ

5d•Onsite

About The Position

This internship program offers placements across several areas of Peapack-Gladstone Bank, including Collateral Management, Commercial Real Estate, Credit/Underwriting, ERM/Compliance, Information Technology, Internal Audit, Investment Banking, Legal, Personal Banking Operations, and Wealth Management. Interns gain practical exposure to their assigned team and may contribute to operational, analytical, client-service, technology, lending, audit, legal, or financial-planning work, depending on the placement. Positions are located in Bedminster, New Jersey; Melville, New York; or New York City, New York, depending on the team. The Collateral Administrator Intern supports automation, reporting, data quality, and process improvement for collateral management. The Commercial Real Estate intern receives an introduction to CRE lending and may work on loan deals. Credit/Underwriting interns support business analysis, due diligence, credit-risk evaluation, industry and market analysis, and loan portfolio monitoring. ERM/Compliance interns are placed with the enterprise risk or regulatory compliance function. IT interns learn about the bank's technology platforms and infrastructure and support technology initiatives and rollouts. Internal Audit interns learn about audit responsibilities and procedures, with a focus on using artificial intelligence to automate repeatable audit testing, particularly in IT general controls. The Corporate Advisory Summer Analyst supports middle-market M&A, private capital raising, and corporate finance engagements, with client contact and transaction involvement. The Legal intern works with bank attorneys on research, agreements, legal process, and departmental projects. The Personal Banking Operations Intern supports process improvement, project coordination, and data analysis. The Wealth Management intern supports Financial Planning and Client Service, gaining exposure to financial plans, client accounts, service workflows, documentation, and related systems. Interns are paid $20 per hour.

Responsibilities

Identify opportunities to automate manual collateral management processes involving UCC, Lee & Mason, and Lereta.
Assist with developing and testing reports, dashboards, and workflow solutions within JH and EDW.
Analyze loan-documentation data to identify trends, exceptions, and process improvement opportunities.
Support data validation, system cleanup, and quality control.
Create process documentation and standard operating procedures.
Assist with technology initiatives related to collateral tracking and portfolio management.
Gain exposure to Commercial Real Estate lending fundamentals, credit and underwriting basics, site visits and property tours, lending and deal structuring, deposits and relationship banking, and industry topics and trends.
Spread and analyze business and perform due diligence on prospective clients.
Attend meetings discussing commercial credit proposals presented by Loan Officers.
Assist in evaluating proposed loans for credit risk and preparing loan proposals.
Conduct industry analysis, market analysis, and property inspections.
Attend loan discussion meetings and assist with management and monitoring of the Commercial/Community Banking loan portfolio.
Support bank-wide technology and work with the IT team on large projects and technology rollouts.
Learn Internal Audit responsibilities and participate in business-as-usual audit procedures.
Explore the use of artificial intelligence to automate repeatable audit procedures, with a focus on IT general controls and possible work in other audit areas.
Perform company and industry research for client engagements and marketing opportunities.
Collect and analyze information from internal and external sources.
Develop financial models, including three-statement models and valuation assessments, with supervision.
Research potential financial and strategic buyers for assignments.
Help prepare transaction documentation and marketing materials, including information memoranda, pitch books, corporate profiles, and market data and analysis.
Help organize investment banking CRM systems and coordinate marketing campaigns.
Work within professional, ethical, legal, and risk boundaries and guidelines.
Research legal questions; assist with reviewing, analyzing, and drafting customer and third-party agreements; and help assess subpoenas, levies, and other legal process.
Contribute to legal department projects involving legal strategy, responsible AI use, outside-counsel onboarding, and workflow improvements.
Review, update, and standardize internal procedure documents and job aids.
Track project deliverables, milestones, and timelines in project logs or tracking tools.
Help create project status updates, dashboards, and summaries for leadership.
Prepare meeting agendas, take notes, and follow up on assigned action items.
Coordinate across departments by gathering input from multiple teams.
Build simple reports, charts, or presentations to communicate findings.
Support implementation of corrective process actions and process refinements.
Learn about personal financial planning, examine financial plan inputs and outputs, and help prepare a cash flow analysis.
Design and execute a personal finance project relevant to college students and new graduates.
Participate in Financial Planning and Wealth Management team meetings.
Learn how the Client Service Officer works with internal teams to support clients and observe workflows for account opening, account maintenance, money movement, client inquiries, and ongoing relationship support.
Help organize and maintain client and account documentation and client files under the direction of the Client Service team.
Assist with client service projects, process documentation, and efforts to improve consistency, efficiency, and client experience.
Learn to use CRM, custodial platforms, portfolio reporting tools, and internal workflow resources.
Research assigned operational or client-service topics and present findings or recommendations.