Operations & Middle Office Summer Intern

Millennium

Oct 6, 2023

Applications are closed

Internship
Full-time
Summer Internship
Banking & Finance
Miami, +1

Requirements

Cumulative GPA of 3.5 and above
Experience with Coding (VBA/Python, etc) preferred
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

Responsibilities

Operations
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
Development of interactive Tableau dashboards and Alteryx workflows
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.
Partake in ongoing discussions with Treasury Operations to understand the firm wide cash positions and plans to manage the firms cash/funding needs.
Middle Office
Senior Management reporting
Intraday P&L support
End of day estimated and T+1 official P&L reporting
Valuation/P&L controls & reconciliations
Modeling of OTC derivatives
Valuation of private and hard to value assets
Interaction with the general ledger and accounting data
Automation/process improvement

Millennium

Finance

Industry

1001-5000

Employees

1989

Founded Year

Mission & Purpose

Millennium is a global alternative investment management firm, founded in 1989, which manages $58.9 billion in assets. We seek to pursue a diverse array of investment strategies across industry sectors, asset classes, and geographies. Our four primary strategies are RV Fundamental Equity, Equities Arbitrage, Fixed Income Strategies, and Quantitative Strategies. Millennium was founded on the belief that innovation and results come from empowering talented, independent-minded individuals. To us, success is the combination of drive and discipline.