Job description
About Us
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.
About the Role
Wellington HBCU Scholars Program
Historically Black Colleges & Universities (
HBCUs
) are known for being top tier institutions with long histories of academic excellence, intellectual rigor, cultural dexterity, societal impact and for producing generations of influential leaders. As a global asset management firm, Wellington Management is committed to diversity, equity, and inclusion. We believe it is a major driver of our ability to deliver better investment results, innovative solutions, world class service for our clients and enable diverse communities to advance. Our shared goal alongside HBCUs will be to positively impact Black lives and communities by enabling access to education, empowering careers, fueling the economy and developing generations of successful Black investment and business professionals.
HBCU Scholars Program Details
The multi-pronged Wellington HBCU Scholars Program consists of;
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Up to a $15,000 renewable annual merit-based scholarship which will be applied to junior and senior year tuition
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Two paid summer internships after the Scholars’ sophomore and junior years commencing in July 2023 (juniors who apply in the fall of 2022 and are selected will complete one summer internship in the summer of 2023 prior to their senior academic year)
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Opportunities to participate in campus events, student case competitions, peer mentoring and sponsorship from a Wellington leader
HBCU Scholars Program Eligibility
Initial Eligibility
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Current sophomores and juniors, enrolled full time in an undergraduate degree program offered by an accredited HBCU, ideally majoring in Business, Economics, Finance, Accounting, Technology, Liberal Arts, and STEM areas
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Overall GPA of 3.0 and meets academic progress standards as defined by the institution
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A U.S. legal resident, citizen, or eligible non-citizen under Federal Title IV regulations
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Students receiving full tuition funding through other sources will be ineligible for scholarship funds, however they are eligible to apply for a Wellington internship
Continued Eligibility
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Required to hold a minimum grade point average (GPA) of 3.0 to remain in the Wellington Scholars’ Program
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If the scholar's GPA is less than 3.0 at the end of any semester, the scholar will be placed on a one-semester probation
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If the scholar does not bring his/her GPA above 2.8 during the probation period, the student will be removed from the Wellington Scholar’s Program and the scholarship will be terminated
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During internship, each scholar must abide by Wellington’s code of conduct, ethics, and all other policies/procedures and must earn a “meets expectations” or better rating in your first 10-12-week summer internship at Wellington
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Applicants must be available to work a minimum of two 10 to 12-week summer internships at one of our US offices
HBCU Scholars Program Internship Overview
Internship Opportunities (details on each team are listed at the bottom of the description):
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Business Internship
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Early Career Investor Internship
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Investment Services & Technology (InvesTech) Internship
Internship Benefits
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Full-time, paid internship lasting 10-12 weeks
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A housing stipend to help offset the costs of travel and room and board during the internship
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Relocation reimbursement for travelling to and from the internship location
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Flexible work environment with in-office and work from home options
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Technology provided to each intern such as a laptop for ease of connection
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Program run trainings and speaker series sessions
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Planned intern social events throughout the summer
HBCU Scholars Program Internship Application Process Details
Materials Required to submit:
(1) Resume
(2) Current Academic transcripts
(3) One letter of recommendation (e.g., Academic Advisor, Professors, Manager, Coach, Mentor, or religious leader)
(4) Response to two essay questions: one required question and one optional question below:
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Required question: How will the Wellington HBCU Scholars’ Program help you reach your career goals?
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Optional question 1: What skill, quality or attribute differentiates you from your peers and how did you develop that skill, quality, or attribute?
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Optional question 2: Tell us about a time you failed and explain (1) what you learned from it and (2) how it has shaped your view.
Please pdf all materials together titled with your First and Last name. You will upload it into Workday where it says attach Resume.
Deadline: Applications are due by 6PM/EST on Friday, October 7th, 2022
Interview Process
Once applications are reviewed, selected students will be scheduled for an internship interview with a hiring manager and their respective team. Interviews will begin November 3rd, 2022, and chosen Scholars will be announced by November 30th, 2022.
Questions? Email:
HBCUscholarship@wellington.com
HBCU Scholars Program Internship Area Details: Business, Early Career Investor and InvesTech
Business Internship
We have roles available across the Client and Infrastructure platforms:
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Client Group: The internship within the Client Group department affords a unique opportunity for those individuals who are passionate about and are seeking to embark on a career in investment management in a client-facing role. The Client Group (CG) provides high quality service and investment solutions to all of Wellington Management’s clients, prospects, and consultants. The internship role will provide exposure to a variety of prospects and clients within the financial intermediaries channel, investment content, and global asset classes. Within the Client Group, the summer intern’s responsibilities may include, analyzing potential opportunities for new business within a geographic region or channel, assisting with business analytics and competitive analysis, Engaging with Wellington’s evolving technologies and client related applications, collaborating with members of the Client Group to support external relationships with clients, prospects, and consultants and working on ad-hoc projects to support our overall client efforts.
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Financial Operations and Analysis: The Financial Operations and Analysis intern will support the Revenue, Client Invoicing, and Incentive Compensation teams within Finance. Responsibilities will include assisting with the semi-annual incentive compensation payment, using spreadsheets to create and maintain internal models, and working on special projects across the teams. 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.
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Global Tax Services: 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.
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Global Trading: The Global Trading 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.
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Legal & Enterprise Risk Management: There are two internship roles within this group 1) is within our US Compliance team and 2) is within our Operational Risk Management team. 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. The intern 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. The Operational Risk Management intern will work across these teams: Operational Risk Management, Internal Audit, Enterprise Sourcing, and Corporate Travel. The 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. Overall, Interns will be encouraged to develop a diverse skill set, including project management, presentation skills, knowledge of software and applications as applicable.
Early Career Investor Internship
We have two role types available within the Investment Platform (Investment Research and Investment Science) and opportunities could exist in the following teams:
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Fixed Income & Risk Analytics
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Equity Research & Portfolio Management
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Investment Strategy & Risk
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Research & Data Analytics
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Quantitative Investment Group
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Global Managed Risk
Investment Research
As an Early Career Investor (ECI) intern, you will assist seasoned investors in conducting independent investment research while gaining in-depth exposure to the investment industry and our firm. There are five primary components to the summer internship experience: (1) project for an investment team, (2) exposure to Investment Science (3) access to investors and business leaders across the firm to better understand our firm and its culture, (4) in-depth exposure to the investment industry, and (5) feedback and mentorship.
Projects are sourced from multiple areas on the Investment Platform, which includes the Investment Research, Investment Boutiques, Investment Science, and Investment Strategy groups. The origin and nature of the work will be based on the analytical needs of our investors and will mimic the work of our full-time Research Associates (the post-undergraduate investment role at Wellington). At the end of the summer, you will be given an opportunity to share and present your work, in a small group forum. Examples of previous projects include:
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Analyzing government spending data to gain insights into the revenue for large government vendors
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Assessing CEO compensation to understand if a CEO is paid too much relative to peers.
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Creating a dashboard to display COVID-19 consumer spending data
Investment Science
The Investment Science group seeks curious, analytical minds to participate in data science research internships supporting the firm’s community of investors. Investment Science Associate interns will provide quantitative research to the firm’s talented community of investors, pursuing projects from idea generation and prototyping to validation and production. You will be immersed in complex data sets, faced with compelling investment challenges, and encouraged to solve problems using innovative techniques.
Over the course of 10 to 12 weeks, you will have the opportunity to undertake an impactful research project, build skills in quantitative analysis and investment research and receive continuous feedback and mentorship.
Investment Services & Technology (InvesTech) Internship
InvesTech interns will work within the global Investment Services and Technology (InvesTech) division. Interns will develop the foundation to become successful in a career in financial operations and technology. Interns will be exposed to technologies and processes used and applied in the financial services sector – specifically in asset management. Opportunities exist for those interested in analysis, data, software engineering, operations, and business.
Interns will develop and deepen their analytical and technological skillset throughout the summer. Subject matter experts will conduct trainings throughout the summer on internal applications and programs such as Python and Tableau. These trainings will help to develop the skills required for the internship, and a potential career in operations, technology, and investment management. Interns will also have the opportunity to shadow technology professionals as they work together with business partners to solve problems.
Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to
r
ace, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic
protected by applicable law
.
If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at
GMCANINQ@wellington.com
.
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