Wealth & Private Banking Intern Grand Forks, ND

WHO ARE WE: Alerus is a commercial wealth bank and national retirement provider with one core purpose: helping clients achieve their financial goals. We are driven by a shared commitment to always do the right thing; leading with integrity and providing valued advice and guidance to our clients. We value the expertise and skillsets each team member provides and encourage collaboration innovation adaptability and an entrepreneurial spirit at all levels of our company. By consistently seeking improvements and growth we foster long-term relationships with clients and team members. We are proud to be recognized as a Top Workplace by numerous industry and regional outlets.

CORE VALUES: Passion for Excellence :: Success is Never Final :: Do the Right Thing :: One Alerus

ABOUT THE ROLE:

Our 10-week summer internship program offers a hands-on learning experience provides hands-on experience within a collaborative advisory environment serving highânetâworth individuals families and institutions. Interns gain exposure to the core pillars of modern wealth managementcomprehensive financial planning investment management and delivering a differentiated client experience.

This role is ideal for students interested in financial advisory careers private banking investments or fiduciary services. Interns will work closely with advisors private bankers planners trust officers and portfolio specialists to support client relationship activities and strategic initiatives.

WHAT YOULL BE DOING:

• Learn fundamentals of financial planning in eMoney financial planning software.
• Assist in gathering analyzing and organizing client financial data including cash flow net worth retirement projections insurance and estate considerations.
• Help prepare financial plans and scenario analyses using planning tools and internal templates.
• Participate in plan reviews and help identify planning opportunities in areas such as tax optimization retirement strategy risk management and charitable giving.
• Support investment portfolio analysis performance reporting requests for proposal (RFP) and compliance.
• Help prepare client-ready investment materials including asset allocation reviews portfolio updates and capital markets commentary.
• Observe portfolio construction workflows rebalancing processes and investment dueâdiligence meetings.
• Contribute to monitoring economic trends and drafting summary insights for the advisory team.
• Assist with onboarding workflows documentation and data integrity across CRM and portfolio systems.
• Help prepare preâmeeting briefings and postâmeeting followâup items to ensure seamless client service.
• Participate in client meetings (as appropriate) gaining exposure to advisory conversations discovery processes and client relationship dynamics.
• Support client experience initiatives such as communications educational content and process improvements.
• Partner with specialists in trust services banking retirement and institutional advisory to understand how integrated solutions are delivered to clients.
• Participate in team meetings project discussions and strategic planning sessions.

WHAT YOU SHOULD HAVE:

• Student pursuing undergrad degree with anticipated graduation date between June 2026 - June 2027.
• Ability to start internship program on June 8 2026â
• Strong interest in business and finance though no specific major is required.
• Highly organized; ability to manage and prioritize multiple tasks and deadlines simultaneously.
• Strong analytical problem-solving and critical thinking skills.
• Ability to work independently and as part of a team within a professional setting.
• Proficient in Microsoft Office Suite (Word Excel PowerPoint).

WORK ENVIRONMENT: Work is typically performed in an office setting. The employee is regularly required to sit for extended periods of time. The employee is occasionally required to move about the office utilizing proper ergonomic safeguards when doing so. Additionally the employee must occasionally lift or move supplies and materials up to 20 pounds.

BASE PAY RANGE:

$20.00 per hour

The above information in this description has been designed to indicate the general nature and level of work performed by employees in this position. It is not designed to contain or be interpreted as an exhaustive list of all responsibilities duties and qualifications required of employees assigned to this job.

Alerus is an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race religion color national origin gender sexual orientation age marital status veteran status or disability status.

Required Experience:

Intern