What are the responsibilities and job description for the Operations & Middle Office Intern, New York position at MPG Operations LLC?
Operations & Middle Office Intern, New York* Our Operations and Middle Office teams are responsible for all aspects of trade processing and position maintenance, including trade confirmation, reconciliation with prime brokers, cash management, calculation of trading P&L, and marking of positions. Additionally, Operations serves as the primary contact for all prime brokerage relationships and business owners for the Firm’s books and record systems. Responsibilities: Confirm and reconcile trades with Prime Brokers and counterparties across all asset classes, ensuring operational accuracy and timely settlement. Investigate and resolve trade data discrepancies to maintain data integrity and operational efficiency. Monitor and manage trading positions, including accurate valuation, reporting, and adjustments for corporate actions such as dividends, stock splits, and mergers. Track and manage cash positions at banks, ensuring timely completion of wires and supporting cash flow monitoring for trade settlements. Collaborate with trading businesses and Core Infrastructure teams to support firm-wide initiatives and improve workflows. Who We Are Millennium Management is a global investment management firm founded in 1989 that manages more than $59 billion in assets as of September 1, 2023. Millennium has more than 5,300 employees with offices in the United States, Europe and Asia. Over the last 30 years, our mission has remained constant: to deliver the alternative investment industry’s highest quality returns to our investors, and to maintain a commitment to our principles of integrity, discipline and excellence. What We Do We employ a global, multi-strategy investment approach, opportunistically engaging in a broad array of trading and investing strategies across a wide group of diversified managers. Our specialized divisions have built and continually evolve our core infrastructure platform. This enables our trading teams to pursue their unique investment strategies independently, while operating within one centrally-driven risk and operational framework. Millennium has differentiated itself from other alternative investment management firms through our consistent ability to generate high quality returns for our investors. Millennium’s unique framework has created what we believe to be a sustainable and scalable organization aligned in partnership with our investors. Our dedication to our mission has defined Millennium as an industry leader over our 30 year history. Careers Our firm harnesses the entrepreneurial drive of our people, and we strive to employ among the best in the industry. We offer an opportunity for developing one’s career while working with individuals trained in a variety of disciplines in a collegial and dynamic environment. Diversity and Inclusion We are committed to cultivating a culture of diversity and inclusion, and embracing the differences that make each of our employees unique. As a global firm, we greatly value the broad range of perspectives our diverse teams contribute to the goal of achieving success for our clients. We are proud to be an Equal Opportunity Employer and consider all qualified applicants without regard to race, color, sex, age, disability, religion, national origin, marital status, sexual orientation, gender identity and/or expression, ancestry, military status, genetic information, or any other basis protected by applicable federal, state or local law.