Investment Management Operations Summer Intern
AllianceBernsteinAbout the role
Who You’ll Work With:
Your internship will require you to learn a new or expand an existing skill set and knowledge base, and/or complete a project that is critical to the success of the group, department or firm. During the internship, you will be matched with a mentor who will help with your assimilation into the firm and provide career advice. Upon successful completion of your internship, you will have the opportunity to present to a committee of senior Operations & Technology executives.
Operations delivers a wide range of middle and back office support to all of AllianceBernstein’s investment services (equities, fixed income, alternative investments) as well as distribution channels (institutional clients, individuals and private clients). You will work with the front office and portfolio management as well with various custodian banks and vendors, and provide regional support in the Americas, Europe and Asia-Pacific.
As an Intern, you will be placed in one of the below teams:
- Derivative Operations provides operational and administrative processing support for Derivatives Trading and Investment Management for Fixed income, Equity and all other non-standard alternative investment vehicles.
- Client Guideline Management is responsible for the coding of investment restrictions into the compliance tools, and the monitoring of potential guideline breaches in our clients’ portfolios.
- Global Portfolio Administration is generally responsible for account administration, such as bank reconciliations and account transitions, for clients utilizing an external custodian for their assets.
- Private Client Administration serves as an operational liaison to Private Client Sales and Portfolio Management and provides administrative support for all Private Client accounts.
- Reference Data Services is responsible for maintaining core data for all AB processes, such as security setup, pricing, corporate actions, class actions and account setup, as well as the entry, maintenance and quality of the data.
- Fixed Income – Alternatives Operations is responsible for implementing and maintaining an operational model to support AB’s expanding Private Credit Products. These include Middle Market Lending, and Residential/Securitized Mortgage.
- Operational Risk partners with the business to develop key risk and performance indicators that provide a balanced view of our organization and can be used to improve its processes, ensure proper controls and escalation capabilities are in place globally, and coordinate risk mitigation initiatives in partnership with other business units.
- Alternatives Infrastructure & Operations supports alternative investment products and complex fund structures including a variety of products and strategies. The team is able to support these complex structures by increasing scale and capabilities through automation and design of efficient processes and tools, while instituting best practices.
What You’ll Do:
Your internship will require you to learn a new or expand an existing skill set and knowledge base, and/or complete a project that is critical to the success of the group, department or firm. During the internship, you will be matched with a mentor who will help with your assimilation into the firm and provide career advice. Upon successful completion of your internship, you will have the opportunity to present to a committee of senior Operations & Technology executives.
What We’re Looking For:
- December 2026 or May/June 2027 Bachelor’s degree candidates in finance, economics, business administration or related fields
- Cumulative GPA of 3.3 or higher
- Must be a US Citizen or Permanent Resident
- Proficiency in Microsoft Office and Excel
- Client Focus and an interest in serving our firm’s internal clients
- Excellent verbal and written communication skills
- Ability to work in a challenging, fast-paced team-oriented environment
- Aspiration for a career in management operations
Who We Are:
We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, retail investors, and private-wealth clients in major markets around the globe. With over 4,000 employees across 57 locations operating in 26 countries and jurisdictions, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard
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