Investment Management Operations Internship - Technology & Operations Program

Job Description

Company Overview

AllianceBernstein (AB) is a global investment-management firm providing industry-leading research and investment solutions through a combination of innovation, intellectual curiosity and relentless ingenuity. We offer high-quality research and diversified investment services to institutional and individual investors worldwide. Our clients include some of the world's top institutions as well as private-wealth clients and retail investors. Through close partnerships with our clients, we collaborate on investment strategies across regions and sectors to inspire innovative thinking and deliver superior outcomes.

We invest in our people and in the communities in which we operate, and we celebrate our diversity to showcase what makes us unique. We offer our talent the opportunity to grow professionally while working on cutting-edge ideas and outcomes in a global culture that operates as a tight-knit community.

If you're ready to innovate and grow your career, join us.

AllianceBernstein is an equal opportunity employer. We do not discriminate based race, color, creed, national origin, sex, age, disability, marital status, sexual orientation or citizenship status.

We established the Technology & Operations Program (TOP) in 2000 to develop our next generation of leaders. As a summer intern, you will work closely with a team and support them in various aspects of their work, including projects with the potential for significant business impact. This is a 10-week internship for college juniors. Interns with excellent performance can receive a full-time offer at the end of the internship!

Operations delivers a wide range of middle and back office support to all of AllianceBernstein’s investment services (equities, fixed income, alternative investments) as well as distribution channels (institutional clients, individuals and private clients). You will work with the front office and portfolio management as well with various custodian banks and vendors, and provide regional support in the Americas, Europe and Asia-Pacific.

As an Intern, you will be placed in one of the below teams:

• Derivative Operations provides operational and administrative processing support for Derivatives Trading and Investment Management for Fixed income, Equity and all other non-standard alternative investment vehicles.
• Client Guideline Management is responsible for the coding of investment restrictions into the compliance tools, and the monitoring of potential guideline breaches in our clients’ portfolios.
• Global Portfolio Administration is generally responsible for account administration, such as bank reconciliations and account transitions, for clients utilizing an external custodian for their assets.
• Private Client Administration serves as an operational liaison to Private Client Sales and Portfolio Management, and provides administrative support for all Private Client accounts.
• Reference Data Services is responsible for maintaining core data for all AB processes, such as security setup, pricing, corporate actions, class actions and account setup, as well as the entry, maintenance and quality of the data.
• Fixed Income – Alternatives Operations is responsible for implementing and maintaining an operational model to support AB’s expanding Private Credit Products. These include Middle Market Lending, and Residential/Securitized Mortgage.
• Operational Risk partners with the business to develop key risk and performance indicators that provide a balanced view of our organization and can be used to improve its processes, ensure proper controls and escalation capabilities are in place globally, and coordinate risk mitigation initiatives in partnership with other business units.
• Alternatives Infrastructure & Operations supports alternative investment products and complex fund structures including a variety of products and strategies. The team is able to support these complex structures by increasing scale and capabilities through automation and design of efficient processes and tools, while instituting best practices.

Your internship will require you to learn a new or expand an existing skill set and knowledge base, and/or complete a project that is critical to the success of the group, department or firm. During the internship, you will be matched with a mentor who will help with your assimilation into the firm and provide career advice. Upon successful completion of your internship, you will have the opportunity to present to a committee of senior Operations & Technology executives.

Qualifications

Candidates should be top academic performers, be interested in a career in Investment Management Operations, and meet the following criteria:

• December 2020 or May/June 2021 Bachelor’s degree candidates in accounting, finance, economics, business administration or related fields
• Cumulative GPA of 3.3 or better
• Must be a US Citizen or Permanent Resident
• Proficiency in Microsoft Office and Excel
• Excellent attention to detail, verbal and written communication skills
• Aspiration for a career in Investment Management Operations

Besides the best corporate culture in the industry:

• The potential to receive an offer for our full-time Program at the end of your internship!
• Highly competitive salary
• First-hand training and experience with innovative technologies through our apprenticeship model
• Extensive technical and business training opportunities
• Engage with senior leaders through networking events, coffee chats and lunch & learn sessions
• Formal mentorship program on 1 career planning and development sessions
• Opportunity to join multiple Employee Resource and Wellness Groups to connect you with colleagues across the firm

This position is located in our Nashville, TN office. Candidates must be available to work full-time for 10-weeks full-time beginning in June 2020.

If you have any questions at all about our Program, please feel free to contact us at [email protected].