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
- Help to implement best in class reconciliation across cash, positions, and trades
- Gather data and aid on numerous ad hoc projects and firmwide initiatives
- Gain knowledge of the full trade life cycle from trade capture to settlement and ensure trade flow is accurately processed across all systems
- Reconcile daily and monthly financial data with fund admin and accounting books of record
What You’ll Bring
- Having a keen analytical eye with high regard for attention to detail.
- Highly skilled in advanced Excel functionalities.
- Organizational skills as well as an appreciation for data cataloging and classifications
- A natural curiosity for learning and understanding how things work and systems interact.
- Furthermore, on the technical side, advanced Excel skills, /VBA, and some SQL querying logic would go a long way in the ability to fulfill project requirements.
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.
Top Skills
What We Do
Schonfeld Strategic Advisors is a global multi-manager platform that invests its capital with Internal and Partner portfolio managers, primarily on an exclusive or semi-exclusive basis, across quantitative, fundamental equity and tactical trading strategies. We have created a unique structure to provide global portfolio managers with autonomy, flexibility and support to best enable them to maximize the value of their businesses.
Over the last 30+ years, Schonfeld has successfully capitalized on inefficiencies and opportunities within the equity markets. We have developed and invested heavily in proprietary technology, infrastructure and risk analytics. Our portfolio exposure has expanded across the Americas, Europe and Asia as well as multiple asset classes and products. We look for ways to align the interests of investors, investment professionals and the firm, highlighted by the opportunity for investment professionals to co-invest in our funds and their individual strategies.
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