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2024 Core Operations Systems Summer Internship

2024 Core Operations Systems Summer Internship
New York, US
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Job Description

The Role

We are excited to offer an opportunity for a diverse group of talented students to join the internship program at Schonfeld. You’ll spend ten weeks within our Core Operations 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 Operations team at Schonfeld take on a wide range of responsibilities and challenges. They are responsible for the trade life cycle and that includes everything from supporting trading and portfolio managers all the way through to trade settlement. In operations you will collaborate with many peers from different departments, such as but not limited to Risk, Portfolio Financing and Fund Accounting. Operations touches upon many different facets as we are responsible for ensuring the investment side of the business can deploy their investment strategies. The Operations team is best in class in supporting policies and procedures for optimal efficiency.

What You’ll Do ** **

As part of the Core Operations Systems team, you will work closely with our Operations and IT counterparts across various global regions. Your key duties will involve:

  • Serving as the conduit between operations and the IT teams across the company, examining existing business systems, offering solutions, and enhancing business productivity and efficiency within budgetary constraints while introducing cutting-edge innovations.
  • Developing and sustaining data visualizations to convey essential insights and trends to stakeholders, partnering with multidisciplinary teams to conceive and execute data-centric solutions with comprehensive documentation covering data analysis procedures, methodologies, and outcomes.
  • Engaging with external partners such as NYFIX and TRAIANA to refine and optimize our Front to Back matching workflows.
  • In your role, you'll forge connections and provide pivotal support to propel us towards a scalable, efficient infrastructure where data integrity is paramount, ensuring thoroughness and precision.

What You’ll Bring

  • Having a keen analytical eye with high regard for attention to detail.
  • Proficient in programming with a strong command of SQL, VBA. Additional languages like Python are a plus.
  • Highly skilled in advanced Excel functionalities.
  • Ability to clearly communicate technical information to non-technical stakeholders.
  • A natural curiosity for learning and understanding how things work and systems interact

Our Internship

The Schonfeld summer internship provides students with a unique opportunity to experience Schonfeld, our work, our people, and our culture. Interns will typically join a small team and will spend 10 weeks at Schonfeld from June - August.

Each summer intern will work on a tailored project that will provide them with real world experience. We provide all interns with a dedicated mentor and manager to help them navigate the summer successfully. Interns will also participate in our learning program, the Sapphire: Summer Session, which aims to provide tangible skills training and education on various functions across the firm and in the workplace. Along with the hands-on guidance and support from managers and mentors, interns will participate in weekly networking events, engage with our Diversity, Equity and Inclusion Alliance, attend panel discussions, and have many opportunities to get to know Schonfeld’s core values in practice.

Who We Are

Schonfeld Strategic Advisors is a global multi-strategy, multi-manager investment platform that harnesses the transformative power of people to perform in all market environments. Our dynamic culture inspires better outcomes for our team, our investors, and our partners. We aim to consistently deliver risk-adjusted returns, with people driving performance.

We specialize in four core strategies: Quantitative Trading, Fundamental Equity, Tactical Trading, and Discretionary Macro & Fixed Income. We capitalize on inefficiencies and opportunities within the markets, drawing from a significant investment in proprietary technology, infrastructure, and risk analytics.

We invest through internal portfolio managers and external partner funds, pursuing alignment among investors, investment professionals, and the firm. Our footprint spans 7 countries and 19 offices.

Our Culture

Talent is our strategy. We believe our success is because of our people, so putting our talent above all else is our top priority. 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 & educational offerings and opportunities to make an impact.

We foster a sense of belonging among all of our employees with Diversity, Equity and Inclusion at the forefront of this mission. Our employees value diversity across identity, thought, people and perspective which serves as the foundation of our culture. As a firm, we are committed to creating a hiring process that is fair, welcoming and supportive.

The annual base pay for this role is expected to be between $60,000 and $80,000 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.

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