SPRING 2023 - Investment Operations Co-ops (6 Months)
Boston, MA 
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Posted 17 days ago
Job Description

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters - to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

What you will be responsible for:

MFS is a global investment management firm focused on creating long-term value responsibly by doing what's right for our clients every day. Our rich history dates to 1924, when our founders invented the mutual fund. Since then, collaboration and innovation have fueled our success. Our unwavering commitment to finding the best, most durable investment opportunities is what sets us apart - and our success is grounded in our unique approach, disciplined philosophy and collaborative culture.

Joining our team provides opportunities to share your voice and talents, tackle challenging problems, create solutions and collaborate with dedicated co-workers.

This Co-op experience provides participants with a meaningful, relevant work experience as part of their academic studies. In addition to daily responsibilities, participants will have the opportunity to participate in a series of structured activities designed to enhance their learning experience including:

* Co-Op New Hire Orientation

* Senior Leadership Speaker Series

* Social & Networking Events

* Presentation Challenges

At the conclusion of this position, co-ops will have increased their knowledge of investing, the mutual fund industry, employee engagement, and a firm understanding of how investment operations work at an asset manager.

MFS co-op positions are a 6-month commitment (January 9, 2023 - June 30, 2023) working Monday - Friday and work between 35-40 hours. Our program is designed for undergraduate students who are currently enrolled in a co-op program through their college or university and can meet our requirements. All students must be authorized to work in the United States.

MFS is a hybrid work environment (with 2 remote days and 3 on-site days) unless otherwise stated in the job posting. This position will require individuals to be fully vaccinated against COVID-19 as part of their job responsibilities, unless MFS approves an exemption as an accommodation due to a medical condition or sincerely held religious belief. Submission of an exemption request does not guarantee that an exemption will be approved or that the request can be accommodated.

About Global Investment and Client Support Co-ops

Global Investment and Client Support (GIS) is responsible for providing the highest level of customer service to the investment team, distribution teams and our clients. This group is responsible for making sure that trades are processed accurately, that transactions are made swiftly and without error, and that all of the data that makes this happen is accurate. If you're looking for a co-op that gives you exposure to the operations that go into building a portfolio, this group may be for you.

Below are the different functions within GIS:

Fixed Income & Equity Operations, STP

The Fixed Income and Equity Operations Teams are responsible for the depository reviews, trade confirmations, settlement instructions, trade settlement and failed trades on all securities traded within the Equity and Fixed Income Trading Departments. They are also responsible for ensuring all transactions are delivered to the custodian banks for each account.

Market Data Administration

The Market Data group is responsible for ensuring MFS investment areas have access to all approved market data information and the use of those services is efficient and effective. This responsibility includes all related administrative and technology functions required to support such market data services.

Asset Control

The Asset Control team ensures accurate cash and positions by conducting daily cash reconciliations, daily position reconciliations and monthly position reconciliations. Any differences between MFS' internal system and the records of the clients' custodian are identified, communicated, investigated, and resolved as a matter of urgency in order to avoid costly trade errors and claims or potential performance issues.

Trade Processing and Collateral Management

The Trade Processing Group (TP) is responsible for ensuring that the company's internal accounting system is updated with any transactions that take place within the portfolios. The group is responsible for collateral management and reducing counterparty risk by ensuring collateral is properly posted and tracked between MFS and our counterparties.

Enterprise Information Management

The Enterprise Information Management Office ("EIM") has responsibility for establishing and monitoring Standards & Guidelines for Data Governance. EIM provides the rules, policies, procedures, tools, roles and responsibilities that guide overall management of enterprise data to ensure consistent, authoritative and trustworthy data is provided in timely manner.

Positions within GIS typically include:

  • Enterprise Information Management Co-op
  • Trading and Analytic Support Co-op
  • Trade Processing Co-op
  • Data Integrity Co-op
  • Fixed Income & Equity Trading Support Co-ops

Qualifications

  • Strong attention to detail.
  • Comfortable working as a part of a team in a fast-paced environment.
  • Commitment to learning, creativity and critical thinking.
  • Ability to multitask and complete tasks & projects in a timely manner.
  • Strong organizational skills, a willingness to work hard and being an effective communicator in a collaborative culture are essential.
  • Strong Microsoft office skills, a keen eye for detail, and very process orientated.

#LI-HYBRID

What we offer:
  • Generous time-off provided: including "Responsible time off" for many roles, paid company holidays when the US Stock Exchange is closed, plus paid volunteer time
  • Family Focus: Up to 20 weeks of paid leave for new parents, back-up care program, dependent care flexible spending account, adoption assistance, generous caregiver leave
  • Health and Welfare: Competitive medical, vision and dental plans, plus tax-free health savings accounts with company contributions
  • Wellness Programs: Robust wellness webinars, employee assistance program, gym reimbursement through our medical plans, fitness center discounts and more
  • Life & Disability Benefits: Company-paid basic life insurance and short-term disability
  • Financial Benefits: 401(k) savings plan, Defined Contribution plan- 15% of base salary invested into the Plan, competitive total compensation programs

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.

This position will require individuals to be fully vaccinated against COVID-19 as part of their job responsibilities, unless MFS approves an exemption as an accommodation due to a medical condition or sincerely held religious belief. Submission of an exemption request does not guarantee that an exemption will be approved or that the request can be accommodated.

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email for assistance.

MFS is an Affirmative Action and Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Please see the EEO is the Law document and Pay Transparency Nondiscrimination Provision, linked for your reference.


MFS is an Affirmative Action and Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Click here to view the EEO is the Law poster and supplement.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
Open
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