2027 Operations & Middle Office Intern, London

2027 Operations & Middle Office Intern - London

About Millennium

Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors.

Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time.

Meet the Team

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.

As an Operations and Middle Office Intern, you will gain hands-on experience in trade confirmation, reconciliation, cash management, and position valuation. This internship offers a unique opportunity to work in a fast-paced environment, collaborate across teams, and contribute to the operational framework of a leading global hedge fund.

What You’ll Do

• Confirm and reconcile trades with prime brokers and counterparties across asset classes, helping to ensure accuracy and timely settlement.
• Investigate and resolve trade discrepancies to support data integrity and efficient operational workflows.
• Monitor trading positions, including valuation, reporting, and updates related to corporate actions such as dividends, stock splits, and mergers.
• Track and manage cash positions across banking relationships, support wire activity, and help monitor cash flows tied to trade settlement.
• Partner with trading teams across Equities, Fixed Income, Commodities, and Quantitative Strategies, as well as core infrastructure teams including Risk, Treasury, and Execution Services, to support business priorities and workflow improvements.

What You Bring

• Expected to graduate between December 2027 and July 2028.
• Currently pursuing a Bachelor’s or Master’s degree.
• Strong analytical and problem-solving skills, with the ability to interpret and reconcile complex data.
• Excellent attention to detail and strong organizational skills, with the ability to manage multiple priorities in a fast-paced environment.
• Clear verbal and written communication skills, with the ability to collaborate effectively across teams.
• Solid understanding of capital markets and asset classes, including equities, fixed income, commodities, and derivatives.
• Proficiency in Microsoft Excel and PowerPoint; familiarity with VBA or Python is helpful but not required.
• Familiarity with AI tools and technologies, with an interest in building and supporting AI-driven workflows.