Treasury Operations Intern

Description:

As a Treasury Operations Intern, you will gain hands-on experience with daily operations and processes, with significant exposure to trade functions and settlements. This role offers the opportunity to develop operational excellence while taking ownership and exercising autonomy over projects. You will work closely with the Treasury Operations team, collaborating and communicating to ensure the seamless continuity of our operations as a leading financial institution. The ideal candidate will have technical and quantitative skills, coupled with an intellectual curiosity about financial markets and trade functions.

Responsibilities:

Clearing:

• • T+0 trade validation with counterparty, executing platform, exchange, CCP
  • Communicate breaks with our traders and other staff
  • Escalate 'high risk' breaks to management and other team members
  • Maintain back-office software and reference data

Settlements:

• • Settlement exception management
  • Work with prime brokers, FCMs, custody banks, and counterparties to resolve all trade breaks
  • Communicate with appropriate internal parties of issues and their resolution
  • Facilitate money movements, external and internal wire transfers, and handling payables and receivables related to our operation
  • Participate in cash management estimates and actual cash flows analysis and reporting
  • Perform end-of-day reconciliations
  • Participate in system enhancing, planning, and testing

General:

• • Participate in periodic audits
  • Monthly TMPG fails claim processing
  • Collaborate with other departments to improve and optimize processes

Requirements:

• Exceptionally strong attention to detail
• Highly organized and motivated individual with excellent problem-solving abilities
• Takes great satisfaction in completing tasks
• Strong verbal and written communication skills
• Can adapt well to changing processes and initiatives
• Proficient in Microsoft Office (Excel)
• Accounting background is a plus
• SQL, Python & VBA skills are a plus
• This is an on-site position and will require physical presence at our Chicago office