We are seeking enthusiastic self-starters to be part of the Undergraduate Summer Internship Program in our Boston office. The program is full-time (40 hours/week) that spans between 10-12 weeks during the summer with a start date of June 2, 2020.

There are three primary components to the internship experience: (1) assignments, (2) getting to know our firm, and (3) mentorship and feedback:

Summer interns will work across various departments in the client and infrastructure platform. Interns will be given day-to-day responsibilities that help support the team they are working with, helping them to gain an in-depth understanding of what the function does on a daily basis. Some interns will be assigned a summer project that tackles a real problem the team needs solved. Interns will also have the opportunity to complete ad hoc projects with various other teams in their departments to get exposure to other teams across the firm.

Summer interns are paired one-on-one with a mentor who is dedicated to their learning and growth. Mentors will be recent hires, who are participating in our Business Associate Program, and many of whom were former interns themselves. Interns will also have the opportunity to interact and collaborate with other colleagues on a daily basis from various teams and departments. Interns will receive consistent formal and informal coaching, as well as feedback from their peers, mentors and managers.

The opportunities exist across various client and infrastructure areas in the firm. Applicants are considered for all the opportunities listed below, but you can specify any particular interest in your required materials.

The Client Services Group’s (CSG) mission is to provide client-initiated operational services including day-to-day operational requests, transactions, and reporting through enhanced alignment of resources to improve the overall client, prospect, consultant and internal stakeholder experience globally. There are four groups within CSG – Global Reporting Services, Client Service Management, Global Transaction Services, and Client Data, Technology & Operations. The group is dedicated to providing high quality client service to all of Wellington Management’s clients, prospects, and consultants. As an Intern, you will have the opportunity to work within one or more of the four groups. With this experience, you will develop valuable skills that are critical to servicing and retaining our clients as well as potentially producing key deliverables for prospects and consultants. By focusing on day-to-day operational requests, transactions, reporting or data and technology initiatives, you will be contributing to strengthening the group’s experience to enhance our clients’ service experience and reinforcing our firm’s strength in the industry.

The Financial Operations and Analysis intern will support the Compensation team within Finance. Responsibilities will include assisting in the preparation and calculation of incentive compensation payments, maintaining systems, updating relational databases and using spreadsheets to create models, analyze data, and design ways to present analytics efficiently and coherently. The position will require the intern to work in close collaboration with other members of Finance and to support various areas of the firm including the Global Relationship Group, Investment Management and many of our management and oversight Committees. The position will provide the intern with the opportunity to improve upon their quantitative and communication skills.

The Global Accounting team is primarily responsible for the firm’s legal entity consolidated results including the intercompany and elimination processes. The team handles the accounting, under United States and international generally accepted accounting principles (GAAP) for non-compensation related matters and for accruals and prepaid expenses, fixed assets and related account analysis and reconciliations. It serves as the business owner for the Workday general ledger and asset management applications. The team is responsible for multi‐GAAP accounting for the non-US subsidiaries. In addition, the team is responsible for regulatory reporting for the non‐US and US affiliates including managing the capital requirements for the US and non-US subsidiaries and staying abreast of changes to regulations. The team also supports management in the annual budget and quarterly forecast process as well as preparing, presenting, and assisting in analysis to senior management. The team provides oversight in the distribution of monthly financial results and leads the independent audits of WMG and its US and non‐US subsidiaries. The team interacts on various topics with senior management and works closely with other areas such as Global Tax, Legal and Compliance, and other areas in Finance and Administration such Treasury, Accounts Payable, Revenue, Compensation Accounting, etc

Global Tax Services provides expertise on a range of investment tax matters across the Wellington organization and to clients. Through the structured onshore and offshore Sponsored Products, interns can expect to gain a practical foundation of the global financial system, structured investment vehicles and of course, the taxation of financial products. These products are global in scope and comprise all asset classes from domestic and international equities to various fixed income securities and derivatives including swaps, currency, futures and forwards. The intern will assist with many tasks such as researching and reporting of non-US bank and security accounts, conducting tax research, communicating with operations and client services colleagues, reconciling global custodian income reporting and many others.

The Trade Operations intern will support the firm’s domestic and international post-execution trade activities. The intern will gain valuable expertise in international trading and settlement practices associated with today’s global financial markets. Additionally, the intern will develop communication skills through interaction with Fixed Income and Equity traders, brokers, custodian bank representatives and other individuals located in offices throughout the world. The individual will also gain proficiencies in industry applications such as ALERT, CTM, and Bloomberg

The intern within Business Analytics will have varying levels of exposure across the teams in Investment Products and Strategies (IPS). The intern will work primarily with IPS - Business Analytics while also being introduced to product oriented teams (across Equity, Fixed Income, and Multi-Strategy) as well as the Wellington Alternative Investments team. The key areas of focus for Business Analytics are Automation via Business Reporting Solutions (increase efficiency, scale, & effectiveness in accessing information), Competitive Analytics & Intelligence (more effective content & information to help us win/retain business via better conversations with clients, consultants, and prospects), and Firm/Industry/Business Intelligence & Trends (inform & support strategic decisions and prioritization). The key areas of focus across our other IPS teams are product development and marketing, investment integrity, risk management, and business management. This role will provide broad exposure to many teams and areas of the investment management business. Working in this role requires a high degree of intellectual curiosity, sound judgment, and enthusiasm.

The Compliance intern will support the group’s evolving compliance programs, including Funds Compliance, Testing & Forensics, and Core Compliance, working on strategic projects with various teams throughout the summer. Among other tasks, the intern will be responsible for evaluating data using various data analytics tools, creating compliance solutions for new and ongoing processes, and leading ad-hoc initiatives for the Compliance group. Interns will be encouraged to develop a diverse skill set, including project management, presentation skills, knowledge of software and applications as applicable. The successful candidate will gain proficiencies in regulatory requirements of regimes applicable to a US investment adviser, experience relating to the core compliance responsibilities of a large global firm, and insight into the asset management business generally.

The Portfolio Services Group provides each of Wellington’s investment teams with the data, controls, and support they need to ensure that their investment intent is accurately reflected in accordance with client regulatory and operational requirements. As an intern within this group, you will gain insight into our industry, firm and culture, as well as, knowledge of the many different areas of the firm that contribute to the servicing of our client portfolios. You will work as a part of a global team interacting with a broad array of functional areas at the firm such as Trading, Portoflio Management, Legal, and Client Services. The core responsibilities may include ensuring accurate modeling of the firm’s assets, subsequent data maintenance, derivative support, and validating investment permissibility.

The Risk Services team is based in our Finance & Administration group. The team is comprised of Operational Risk Management, Internal Audit, Enterprise Sourcing, and Corporate Travel. The Risk Services intern will contribute to the completion of projects and conduct analysis and reporting. The intern will be responsible for many tasks such as tagging and analyzing of key risk management metrics, developing contract profiles of vendors, assisting with due diligence process for new and critical vendors, and testing of control design and effectiveness

Wellington Funds Group (WFG) Fund Services is the operational team responsible for the Accounting, Financial Reporting, and Treasury Management functions for the US and global hedge funds, private equity funds & co-investment vehicles, and trust company pools managed by Wellington. With over US$107 billion in assets under management, the team works closely with other Wellington teams and is involved in all other major fund sponsor functions, including fund development, investor relations, marketing & distribution, and governance & risk management. The intern will provide assistance with a combination of daily, monthly, and project-based responsibilities covering the team’s day-to-day operations and touching upon WFG’s strategic growth initiatives in the alternatives space. As an intern, you will gain exposure to the breadth of alternative investment strategies and build a comprehensive knowledge of all the operational processes managed behind them. You will have the opportunity to interact with various teams across WFG while gaining a broad understanding of the fund business as a whole. 

We seek all talented, dedicated undergraduate students with a broad range of backgrounds and experiences. The program is inclusive to all undergraduate students, but focuses on targeting underrepresented groups in the investment management industry, including but not limited to, women and people of color.

Key Qualifications:

·       Undergrads working towards a Bachelor’s degree – no seniors

·       Any major and no previous finance experience is required

·       Participation in on-campus activities, leadership roles, and volunteer opportunities

·       Excellent communication skills, both written and verbal

·       Organized, detail-oriented, and ability to manage multiple, simultaneous tasks

·       Self-starter who is resourceful and has a curiosity to learn

·       Strong work ethic and interpersonal skills with the ability to collaborate in a team

·       Entrepreneurial spirit

Apply via the Wellington website’s campus program page (Careers>Campus Programs>View Jobs) (through the external application link on Handshake) application titled “Undergrad Intern - Business”

 

For any inquiries, please email undergradrecruiting@wellington.com

 

Interested candidates should submit the following materials bundled together in PDF format:

· Resume

· Statement of interest that addresses:

- (1) Why you are interested in working for Wellington Management and in the business internship

- (2) What role(s) you are most interested in the program

- (3) One of the goals of the internship program is to increase representation of underrepresented groups within the firm. Please discuss why you are interested in participating in the program, as well as what aspects of your past experience are most relevant to your ability to contribute to the program’s goals and to the firm’s commitment to foster a culture of diversity and inclusion

· An unofficial transcript

Candidates will be notified on an on-going basis and after the application deadline. If chosen, the First Round will consist of a phone interview with a campus recruiter. Then, Final Round interviews will take place in our Boston office or via video the second week in December