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Citadel

Operations – 2025 Intern (US)

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Us Ny New York Park

1 month ago
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📥 1 clicked apply

Job Description

If you aspire to:
  • Work within Operations on a fast-paced, dynamic, and intellectually-challenging team 
  • Collaborate internally and externally with trading/financing desks, counterparties, exchanges, prime brokers, and custodians 
  • Add value by assisting in the lifecycle of a trade including clearance, settlements, event management, and/or cash management 
  • Add value by identifying and implementing technology and process-improvement opportunities, while demonstrating an intellectual curiosity and passion for innovation 
  • Develop your skills and solve some of the most complex business problems in our industry 

If you’ve got an interest in:
  • Learning about financial markets and products 
  • Working in a dynamic, fast-paced, and highly rewarding environment 
  • Gaining exposure to best-in-class systems and processes 
  • Understanding the full life-cycle of a trade from execution to clearance, settlement, event management, and cash management 
  • Learning about different types of securities financing, including prime brokerage, swap, tri-party, stock loan, and repo 

If you’ve proven you have:
  • A passion to work within the Operations department
  • A flexible but highly detail-oriented and results-driven approach to solving problems 
  • Exceptional communication skills 
  • A strong work ethic, intellectual curiosity & high degree of integrity 
  • Proficiency in Excel and data analysis. Familiarity with basic programming a plus. 
  • An academic background and/or experience in an operational or quantitative field (engineering, accounting, finance, economics, math, or related disciplines) 

Placement Opportunities:

Billing
  • The team's mission is to provide the entire firm (Hedge Fund and Broker Dealer) with a full suite of business tools around income and expense information 
  • Partner closely with business COO’s, trading desks and fund managers 
  • Deliver process improvement opportunities through the deployment of technology, process and people redesign 
  • Ensure accurate capture and application of rates and rules. Products include securities, listed derivatives, OTC products, and private deals 
  • Ensure timely resolution of breaks through internal and external communication channels. Provide recommendations and enhancements to existing processes. 

Clearing / Middle Office

  • Confirm all transactions executed on exchange list products 
  • Managing client relationships between the trading and finance desk, or trading counterparties and exchanges, and our prime brokers and custodians 
  • Work directly with trading desks to understand and implement posting and clearance of new trading strategies 
  • Identify opportunities to improve process, define functional requirements for systems, and implement change 

Asset Servicing

  • Analyze, validate and maintain data quality for all global Corporate Action event types 
  • Manage relationships with internal and external stakeholders to ensure data accuracy and completeness 
  • Demonstrate a creative mindset by seeking out technical solutions to reduce manual touch points 
  • Identify process enhancements and work with management to execute business transformation strategies 

Settlements

  • Work with counterparties and depositories to instruct, monitor, and settle buys/sells, stock borrow, and repo trades for equities (DTC), government bonds (FED), mortgage-backed securities, and physicals 
  • Manage daily contract maintenance events, including mark-to-market, contract compare, rate changes, and recalls 
  • Create and distribute various broker dealer regulatory reports such as Possession or Control, Short Interest, Customer Statements, and Fails 
  • Collaborate with IT to identify and implement improvement opportunities that drive straight-through processing 

Collateral Management

  • Assist in processing daily collateral calls and managing exposure between entities and counterparties 
  • Perform liquidity reserve maintenance, investment, and reporting 
  • Identify opportunities to improve processes, define functional requirements for systems, and implement change 

In accordance with New York City’s Pay Transparency Law, the base salary range for this role is $2,300 to $2,300 per week. Base salary does not include other forms of compensation or benefits.
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