Global Operations Co Op

Wellington Management•Boston, MA

5d•Hybrid

About The Position

The Fund Treasury team is responsible for managing and overseeing the financing platform utilized by Wellington’s sponsored hedge funds as well as sub-advisory alternatives funds with similar financing needs. The team plays a key role in advising portfolio management on how to optimize their financing costs, working with counterparties to seek out portfolio efficiency opportunities, and customizing solutions designed to meet client objectives. Additionally, the team frequently interacts with prime brokers, derivative counterparties, custodians, clients, traders, and portfolio managers. 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. The Co-op will be exposed to the following activities: 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.

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

Perform daily financing optimization activities across a wide breadth of fund strategies and vehicles.
Learn the core concepts underpinning the day-to-day financing management of a hedge fund.
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.
Analyze margin requirements and generate reporting to Portfolio Management.
Ensure accurate collateral management.
Identify exposure risks.
Ensure compliance within prime brokerage risk models.
Optimize cash by reallocating funds across prime brokerage accounts to minimize portfolio financing costs, reduce idle balances, and enhance liquidity management.
Build relationships with teams throughout Wellington as well as external service providers including the prime broker risk/margin teams and securities lending desks.
Conceptualize, design, and/or develop custom reporting and analyses using industry standard tools (e.g., Python, SQL, etc.).
Work 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 coverage
vision coverage
pharmacy coverage
health savings account
flexible spending accounts
commuter program
employee assistance program
life insurance
disability insurance
adoption assistance
back-up childcare
tuition reimbursement
CFA reimbursement
paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)