2023 Operations Analyst Intern null

About Citadel Securities

Citadel Securities is a leading global market maker across a broad array of fixed-income and equity products. Citadel Securities has a unique set of capabilities and tools designed to drive down the cost of transactions, helping to meet the liquidity needs of asset managers, banks, broker-dealers, hedge funds, government agencies, and public pension programs. It strives to provide the most efficient execution and the highest caliber of services, making markets more fair and accessible for all.

Your Role

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 COOs, 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, trading counterparties and exchanges, and prime brokers and custodians 
• Work directly with trading desks to understand and implement posting and clearance of new trading strategies 
• Identify opportunities to improve the 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 

Training, Development & Rotations 

Citadel Securities makes bold investments in extraordinary people. The company is committed to helping employees develop skills to succeed, hone their strengths, and contribute to the team. Employees will start with a year-long training curriculum taught by industry experts and senior leadership at Citadel Securities in addition to learning from seasoned teammates every day. Citadel Securities will teach about the different trading strategies and will help cultivate the market and business intuition.

Compensation & Benefits

The estimated salary range for this role at Citadel Securities is between $65,000 to $107,000 per year. Aside from that, the company also offers benefits.

• Dental Benefits.
• Flexible Spending Account (FSA)
• Health Insurance Benefits.
• Vision Benefits.
• Mental Health Benefits.

Career Progression

Citadel empowers and rewards team members who deliver results. Citadel creates opportunities by consistently making career and compensation decisions on the merits, recognizing that doing so attracts and retains the best and the brightest. Citadel passionately pursues new ideas, innovations, and new strategies that will strengthen its competitive advantage. A position at Citadel is an opportunity for lifelong learning. 

Work-Life Balance

The work vibe is generally fast-paced as it requires employees to adapt their strategies to an ever-changing market. While the fast-paced Citadel work may seem challenging, it soon becomes familiar and makes collaboration even more productive. 

Company Culture

Citadel Securities embraces bold ideas and seizes opportunities others don’t, from the way it operates to the strategies it deploys. With a bias for action, Citadel's work goes into the market quickly. That’s because when solving live problems, have to operate in real-time. The financial markets provide immediate feedback that propels the cycle of learning and the impact of Citadel. Its relentless focus on innovation raises the bar for what’s possible. That’s as true for the work in the markets as it is for your career. It’s a collective intellect, skill, and ambition that allows achieving far more together than ever could.

About You

• 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 is a plus. 
• An academic background and/or experience in an operational or quantitative field (engineering, accounting, finance, economics, math, or related disciplines) 
• A cumulative GPA of 3.4 or higher 

How to Apply

To apply for this position, simply click the “Apply on employer site” button on this page.

Source

• Youtube.com
• Glassdoor.com
• Citadelsecurities.com