Global Operations Co Op
About The Position
The Global Operations Co-op will be expected to perform daily financing optimization activities across a wide breadth of fund strategies and vehicles, learning the core concepts underpinning the day-to-day financing management of a hedge fund. The Co-op will engage with a variety of teams at Wellington, as well as external partners (i.e., prime brokers), to achieve desired efficiencies on behalf of our clients. The team operates in a fast-paced environment, with priorities evolving and shifting to meet the demands of our growing alternatives business; the Co-op will receive training over their tenure on core responsibilities and be expected to actively contribute to the team.
Requirements
- Progression towards a degree in Finance, Economics, and/or Mathematics with a current GPA of 3.5 or above
- Desire and ability to work in a dynamic, fast-paced team environment, performing multiple tasks and balancing competing priorities
- Beginner/intermediary technology skills in the context of analyzing/managing large amounts of data (SQL, Tableau, Access, Python, Advanced Excel, etc.)
- A natural curiosity and desire to expand one’s knowledge and role
- Very strong attention to detail and organizational skills
- A client service mindset and strong communication skills
- High degree of integrity
- Only Northeastern University students are eligible for this program.
Responsibilities
- Analyzing margin requirements and generating reporting to Portfolio Management, ensuring accurate collateral management, identification of exposure risks, and compliance within prime brokerage risk models
- Optimizing cash by reallocating funds across prime brokerage accounts to minimize portfolio financing costs, reduce idle balances, and enhance liquidity management
- Building relationships with teams throughout Wellington as well as external service providers including the prime broker risk/margin teams and securities lending desks
- Conceptualizing, designing, and/or developing custom reporting and analyses using industry standard tools (e.g., Python, SQL, etc.)
- Working closely with other Wellington teams including Product Management, Client Service, Trading, Portfolio Management, Portfolio Services, Legal & Compliance, and Tax to develop an understanding of the intricacies of running a fund servicing platform
Benefits
- retirement plan
- health and wellbeing
- dental
- vision
- pharmacy coverage
- health savings account
- flexible spending accounts
- commuter program
- employee assistance program
- life and disability insurance
- adoption assistance
- back-up childcare
- tuition/CFA reimbursement
- paid time off
- leave of absence
- paid holidays
- volunteer time
- sick time
- vacation time
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
