Operations And Middle Office Summer Intern
Our Operations and Middle Office teams are responsible for all aspects of trade processing and position maintenance, including trade confirmation, reconciliation with prime brokers, cash management, calculation of trading P&L, and marking of positions. Additionally, Operations serves as the primary contact for all prime brokerage relationships and business owners for the Firm’s books and record systems.
Job Responsibilities
- Work closely with Prime Brokers and counter-parties to confirm and reconcile trades
- Communicate with Portfolio Managers regarding upcoming corporate action events to reduce risks by ensuring proper elections are made
- Gain an understanding and knowledge of operations and markets and the lifecycle of trades across all asset classes (Equities, Commodities, Fx, Rates, etc.)
- Obtain an understanding of the firm's P&L and risk systems
- Work with traders on P&L calculation, position / cash discrepancies
- Ongoing monitoring of our cash positions at our banks and ensuring all wires have been completed leveraging our internal systems.
- Work with regulatory and rough market data to ensure accurate reporting
- Partake in ongoing discussions with Treasury Operations to understand the firm wide cash positions and plans to manage the firms cash/funding needs.
Qualifications, Skills and Requirements
- Rising juniors and seniors who are interested in a future career at a top-tier alternative asset financial services firm
- Cumulative GPA of 3.5 and above
- Effective verbal and written communication skills
- Strong Analytical Skills
- Ability to work on multiple tasks simultaneously
- Strong interpersonal skills
- Effective time management and organizational skills
- Ability to multitask and adapt to any situation quickly
- Experience with Coding (VBA/Python, etc) preferred but not required
The estimated annual salary for this position is $72,000 to $85,000, which is specific to New York and may change in the future.
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