Bank Iowa Rotational Internship: A Comprehensive Introduction to the Banking Industry
The banking sector is a dynamic and vital industry, contributing significantly to the economy and offering a wide range of career opportunities. For students contemplating a career in this sector but lacking industry experience, the Bank Iowa Rotational Internship offers a comprehensive introduction to the banking industry. The program emphasizes banking operations and the client experience across core banking functions such as Ag & Commercial Relationship Management, Retail Banking, and Mortgage Lending.
In addition to this, the interns also have the opportunity to shadow different functional areas of the corporate team, providing a well-rounded experience in the sector. The full details of the internship program can be found Here.
What Interns Will Do?
As an intern with Bank Iowa, you’ll embark on planned rotations across key areas within the Retail Banking and Lending Divisions. The program includes a teller training component, where you’ll learn the fundamentals of the core banking system, bank policies, procedures, and regulations. This necessary knowledge will enable you to perform teller transactions, crucial for any banking job.
Interacting with personal bankers will help you understand personal banking products, services, and the methods for delivering superior client experiences. Working with Loan Assistants and Relationship Managers will give you a glimpse of the loan origination process and the organisation’s business development culture.
Key Responsibilities During the Internship
The internship is not just about learning; it’s about doing. Interns are expected to deliver a friendly, superior client experience through timely and accurate processing of accounts and transactions. They’ll handle checks and cash for deposits, verify amounts and endorsements, and enter deposits into records.
Other responsibilities include cashing checks, processing withdrawals, counting currency, and balancing cash drawers at the end of shifts. Interns also work closely with Relationship Managers to learn the complete loan origination process.
General Responsibilities and Requirements
Aside from specific tasks, interns also need to understand and comply with banking regulations by following bank policies and procedures. They should stay abreast of relevant regulations, current industry matters, and any internal changes to ensure compliance.
As far as skills and experience are concerned, the candidate must be enrolled at a 2-year junior college or 4-year college/university as a sophomore, junior, or senior. Leadership skills demonstrated through participation in school and community activities are preferred. Prior cash handling/client experience is an added bonus but not a requirement.
Work Hours and Travel
The internship program runs full-time for 10-12 weeks during Summer 2025. The days and hours of operation vary with each Bank Iowa location. The interns may also have to travel between bank locations occasionally during their internship.
Bank Iowa’s People-Centered Culture
Bank Iowa prides itself on its people-centered culture. The bank’s purpose is to Empower People, Inspire Success, and Foster Growth. As the second-largest family-owned bank in the state of Iowa, Bank Iowa values its team members as much as its clients. It offers an environment where people care about each other like family.
Bank Iowa is an equal opportunity employer with a passion for creating an inclusive environment where all people are truly welcomed, valued, and respected – for all of who they are – regardless of differences. All applicants will be considered for employment without regard to age, race, color, sex, pregnancy, sexual orientation, gender identity, military service, national origin, religion, physical or mental disability, genetic information, or any other classifications protected by applicable federal, state, or local laws.
