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Form of workSUMMARY
The ten-week Finance - Treasury/Investment Implementation Summer Internship is designed to provide an introduction to Finance within the alternative investment industry. Interns will receive real-world experience that will foster professional development while complementing their studies. Interns will be exposed to senior management, immersed in Grosvenor values, and collaborate with the Finance team on firm priorities and projects.
DESCRIPTION OF THE TEAMS
- As a member of the Treasury Team the intern will conduct investment operations-related responsibilities pertaining to cash and liquidity management, portfolio hedging and counterpart risk management, as well as ensuring that the decisions of the appropriate governing bodies and committees are implemented appropriately.
- As a member of the Investment Implementation Team the intern will conduct investment operations-related responsibilities pertaining to hedge fund, private equity, real estate, and infrastructure investments, as well as ensuring that the decisions of the appropriate governing bodies and committees are implemented appropriately.
RESPONSIBILITIES
The intern will be involved in the following activities:
- Responsible for liquidity management of the GCM Grosvenor managed funds. This includes cash forecasting, payment processing, FX exposure management, liquidity management reporting, temporary investments, etc.
- Participate in FX exposure management through forecasting, pre-trade preparation, and settlement of foreign exchange transactions.
- Assist in the establishment and ongoing support of credit facilities.
- Assist in the management of banking relationships including bank account opening and ongoing maintenance.
- Support securities and derivatives trading activity.
- Assist with preparation of investment documentation for investments (e.g., subscription documents, co-investment documents, AML documents, redemption notices, transfer agreements and letters of direction).
- Review and analyze governing documentation for planned investments in order to understand the terms and conditions of the GCM Grosvenor Fund investment.
- Review key provisions of underlying hedge fund documentation that have been abstracted into GCM Grosvenor's databases in order to aid in investment decision making.
- Participate in the management of counterparty risk by diversifying exposures to various counterparties, monitoring the financial health of counterparties, including credit ratings and CDS premiums, reviewing quarterly and annual financial reports and presenting trends to the CFO.
- Implement, and execute policies and procedures to reduce operational risk and gain efficiencies.
- Liaise between the firm and its external vendors including banks, administrators, trading counterparties, administrators, and custodians.
- Participate in cross-department working groups and special projects as required.
- Provide the highest level of client service to Grosvenor's clients and internal stakeholders.
EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS
The ideal candidate should possess:
- Pursuing an undergraduate degree in Accounting, Finance, or other relevant major with a superior grade point average.
- A prior focus in the asset management segment of the financial services industry is preferable, and particularly in the alternative investment sub-segment.
- Must have strong PC experience and be highly proficient in MS Excel, MS Word and SharePoint. Experience with general ledger and portfolio software is desirable.
- Demonstrated interest in and knowledge of accounting and finance operations.
- Capacity to work well in a fast paced, changing environment with a high level of flexibility.
- Excellent writing and listening skills with a proven ability to disseminate information effectively and articulate your thoughts in a clear and concise manner to both clients and co-workers.
- Proven ability to take control and manage tasks independently to closure.
- Attention to detail and concern for quality and accuracy of final product (and ability to balance that concern with deadlines).
- High degree of integrity and the ability to recognize the requirements of confidentiality.
- Demonstrated self-starter, continuous learner and independent thinker who is able to work collaboratively with others.
- Well organized and must have the ability to manage multiple tasks simultaneously in a cross functional team environment.
- Commitment to excellent client service.
- Outstanding decision making and problem solving skills.
In terms of cultural fit, the successful candidate will be self-motivated and energized by working amongst a group of thoughtful, smart and successful colleagues. He or she will enjoy being part of an organization focused on excellence and will be a naturally collaborative person who enjoys interacting with individuals at all levels. Additionally, he or she will be a strong team player with a proactive approach and the ability to exercise discretion and judgment.
EQUAL OPPORTUNITY EMPLOYER M/F/D/V
