internships at one PacificCoast Bank

One PacificCoast Foundation and Bank are partnering with Inner City Advisors for an exclusive 2012 summer internship program which will provide valuable work and learning experiences to students. There are 8 internship positions available for summer of 2012.  These internships are for college juniors and seniors and MBA students interested in finance, business, marketing and, communications, particularly those interested in socially-responsible business. The internships provide an opportunity to work at an innovative institution helping to develop new models for socially-responsible banking and financial services.

Through this unique program, each intern will work on a specific project or set of projects within One PacificCoast Foundation and learn about community and socially responsible banking through a series of workshops. Interns will then go on to work with Inner City Advisors where they will gain hands-on experience partnering with a local small business to solve a real-life buisness problem.

We are seeking motivated individuals to work at One PacificCoast Foundation for six weeks, and Inner City Advisors for three additional weeks.  Upon the completion of the program, interns will present to a panel of industry professionals about their learning experiences during the internship.  Summer 2012 interns will also participate in a Community and Socially Responsible Banking and Business curriculum, which consists of a weekly series of 5 workshops, led by experts in the fields of banking, community banking, investing, and finance.  Workshops may also include field trips to relevant institutions to meet experts and see the work in action. These workshops will take place within the intern’s normal work week.

We are hiring the following positions:

Program Dates
June 18 to August 17, 2012 (9 weeks). 
Interns must be in town during this entire period and able to come into the office in downtown Oakland 4 days per week.

Weekly schedule
Monday – Thursday from 9:30 to 5:00 pm

Stipend available

2012 Curriculum Topics
The Internship Curriculum will cover the following topics:
Week 1: Banking Basics

1. What is a bank, and exactly what does it do?
2. What is its role / function in the economy?
   • How does it benefit the community?
   • How does it benefit individuals?
3. How does it make a profit?
4. Commercial banks, investment banks
5. Types of banks - Community banks, community development banks, CDFIs, credit unions, community development credit unions
6. Traditional banks and the Community Reinvestment Act
7. Ethics and Legal Issues in the Banking industry

Week 2: Banking Operations

1. Depository Functions
2. Lending Functions
3. Investment Functions
4. Other Related Systems
5. Financial Ratios
6. Other products: ATM, Credit Cards, Pre-paid cards
   

Week 3: Lending

1. Mortgages
2. Commercial (business) lending
3. SBA Loans
4. Micro lending
5. Other loans (auto loans, etc.)
6. Responsible Alternatives to Predatory Practices:
   • Check Cashing, Payroll Deposit and ACH Transfer
   • Responsible Emergency Lending (Alternative to Payday Lenders)

Week 4: Investing

1. Basic definitions, instruments, and principles
2. Individual / Group / Institutional
3. Stock Market / Mutual Funds / Indexes
4. Community Investing

Week 5: Double and Triple Bottom Line Organizations

1. OneCal Bank and Foundation
• Structure, mission and philosophy
2. Social Capital Markets
3. B corporations, and other social responsible certifications
4. CDFIs – Banks and Non-Banks
5. Special investment funds

Note: this is a preliminary topic outline, specific content subject to change.

How to Apply
To apply for an internship position, please complete the Interest Form.

Selected applicants will be contacted for an interview. Due to the high volume of applicants we may not be able to contact every applicant to provide an update on their status.

Thank you for your interest in One PacificCoast Foundation and Bank and Inner City Advisors. Please direct internship questions to Kathryn Svobodny.

For other questions regarding the foundation or bank, contact the foundation.