The Role
We are excited to offer an opportunity for a diverse group of talented students to join the internship program at Schonfeld. You’ll spend ten - twelve weeks with the Emerging Markets and Delta One team within the Investment division where you will be immersed in the culture and atmosphere of Schonfeld, working alongside talented professionals on meaningful projects.
Investment Analysts at Schonfeld take on a wide range of responsibilities and challenges. They are responsible for idea generation, formulating trade implementation across a wide range of securities and derivatives, and risk managing an existing portfolio of risks.
What You’ll Do
You’ll work primarily alongside Portfolio Managers analyzing investment decisions across delta 1 derivatives and emerging market risk parameters, using a mix of quantitative and qualitative data to analyze, back-test and implement investment ideas. You can expect to get exposure to fundamental stock analysis, derivatives pricing and risk management, strategy back testing and optimization and much more!
You will be assigned both a manager and mentor, participate in organized team-building events, lunch and learns, social activities, and network with senior management throughout the summer. You will be assigned summer-long projects that will be directly related to the work of the team you are assigned to, which you will present on at the completion of the program. Upon completion of the internship, you may be extended a full-time offer of employment.
What You’ll Bring
What you need:
- A degree in a quantitative or technical field such as statistics, mathematics, physics, electrical engineering, computer science or economics (ideally with one year left in your academic program)
- Excellent programming skills. Python and SQL are essential
- The ability to communicate research ideas clearly and succinctly
- Creative problem-solving skills and experience working with real-world datasets
- Ability to communicate and critically present investment ideas
- Passion for financial markets and desire to make a difference in a challenging and competitive environment
We’d love if you had:
- Knowledge of probability and statistics (e.g., machine learning, time-series analysis and forecasting, pattern recognition, NLP)
- Experience in integrating AI models to convert noisy unstructured data into structured data for use in financial models
- Prior experience in the financial industry
- Product knowledge (Swaps, futures, TRFs, dividend swaps, forwards and synthetics)
Our Internship
Kick-start your career in finance with the Schonfeld Summer Internship! Over the course of 10 action-packed weeks, you will have the opportunity to build solutions that tackle real-world challenges and leave a lasting impact on the firm. As an intern, you’ll join a close-knit team that is ready to support your growth and accelerate your career. We will pair you with a dedicated manager and a mentor who’ll guide your development over the course of the internship and beyond. Throughout the program, you will have the chance to connect with senior leaders through a series of learning sessions, attend hands-on skills workshops, network at social events and get a behind-the-scenes look at how various functions power the firm. We’ll empower you to bring your ideas to life and make an impact.
Who We Are
Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.
Our Culture
At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.
Top Skills
What We Do
Schonfeld Strategic Advisors is a global multi-manager platform that invests its capital with Internal and Partner portfolio managers, primarily on an exclusive or semi-exclusive basis, across quantitative, fundamental equity and tactical trading strategies. We have created a unique structure to provide global portfolio managers with autonomy, flexibility and support to best enable them to maximize the value of their businesses.
Over the last 30+ years, Schonfeld has successfully capitalized on inefficiencies and opportunities within the equity markets. We have developed and invested heavily in proprietary technology, infrastructure and risk analytics. Our portfolio exposure has expanded across the Americas, Europe and Asia as well as multiple asset classes and products. We look for ways to align the interests of investors, investment professionals and the firm, highlighted by the opportunity for investment professionals to co-invest in our funds and their individual strategies.
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