2027 Equity Middle Office Intern

Schonfeld; New York (NY); On-site; USD 60,000 - 70,000; Full time

Job summary

Schonfeld in New York offers a 10-week summer internship in the Middle Office within Operations. You will work with senior management and across peer groups on high-profile projects related to trade lifecycle and post-trade processing.

You will receive formal training, mentorship, and exposure to Core Operations, Asset Servicing, Technology, Market Data, Accounting, Portfolio Finance, and Prime/Executing Brokers throughout the program.

Qualifications

• Interest in gaining Operations experience at a hedge fund
• Basic understanding of capital markets, investing, and hedge fund strategies
• A keen analytical eye with high regard for attention to detail
• Working knowledge of Python and SQL is a plus

Responsibilities

• Trade Lifecycle Management – Support the post-trade processing of all trading activity to ensure trades hydrate all internal systems and get delivered to external partners.
• Trade Settlement Management – Work with prime brokers and executing brokers to resolve trade settlement breaks, ensuring efficient operational procedures and reducing risk for the firm.
• Data Integrity Improvements – Create and improve databases in an organized and centralized location

Skills

Capital markets knowledge

Analytical mindset

Attention to detail

Python

SQL

Tools

Excel

Reporting/Analytics tools

Job description

The Role

We are seeking a detail-oriented and analytical intern to join our Operations division under the Middle Office team at Schonfeld in our New York office. You’ll spend ten weeks within our team where you will work directly with Operations senior management and across peer groups in all areas, while being immersed in the culture and atmosphere of Schonfeld, working alongside talented professionals on high profile projects.

The Role

We are seeking a detail-oriented and analytical intern to join our Operations division under the Middle Office team at Schonfeld in our New York office. You’ll spend ten weeks within our team where you will work directly with Operations senior management and across peer groups in all areas, while being immersed in the culture and atmosphere of Schonfeld, working alongside talented professionals on high profile projects.

The Middle Office team at Schonfeld take on a wide range of responsibilities and challenges. They are responsible for the trade life cycle which includes everything from supporting trading and portfolio managers all the way through trade settlement. Throughout the program you will receive formal training, mentorship, and exposure to multiple groups including Core Operations, Asset Servicing, Technology, Market Data, Accounting, Portfolio Finance, and Prime and Executing Brokers.

What You’ll Do

• Trade Lifecycle Management – Support the post-trade processing of all trading activity to ensure trades hydrate all internal systems and get delivered to external partners.
• Trade Settlement Management – Work with prime brokers and executing brokers to resolve any trade settlement breaks, ensuring efficient operational procedures and reducing risk for the firm.
• Data Integrity Improvements – Work with the Middle Office team on creating and improving databases in an organized and centralized location.

This is a prime opportunity to learn various facets of the different business departments, acquire knowledge of how various asset types function, how data is retrieved and communicated with sell side counterparties, gain an appreciation for all components of data and its investment value to a hedge fund. In working on these operational projects, you will interact and liaise to help us achieve a scalable infrastructure that is efficient and its data integrity in high regard for completeness and accuracy.

What You’ll Bring

What you need:

• Interest in gaining Operations experience at a hedge fund
• Basic understanding of capital markets, investing, and hedge fund strategies
• A keen analytical eye with high regard for attention to detail

We’d Love If You Had

• Working knowledge of Python, SQL, and/or another programming language
• Experience working with AI to manage projects
• Prior experience using reporting or analytics tools with data aggregation

Our Internship

Kick-start your career in finance with the Schonfeld Summer Internship!Over the course of 10 action-packed weeks, you will have the opportunity to build solutions that tackle real-world challenges and leave a lasting impact on the firm. As an intern, you’ll join a close-knit team that is ready to support your growth and accelerate your career. We will pair you with a dedicated manager and a mentor who’ll guide your development over the course of the internship and beyond. Throughout the program, you will have the chance to connect with senior leaders through a series of learning sessions, attend hands-on skills workshops, network at social events and get a behind-the-scenes look at how various functions power the firm. We’ll empower you to bring your ideas to life and make an impact.

Who We Are

Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets.

We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.

Our Culture

At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.

The annual base pay for this role is expected to be between $60,000 and $70,000 which will be prorated based on internship start and end date. The expected base pay range is based on information at the time this post was generated. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications and experience and level of education.