Client Service - Fund Custody Intern
MILLENNIUM TRUST COMPANY is a rapidly-growing, leading financial services company offering specialized retirement and institutional services. Whether clients are managing corporate retirement assets, running a business or wanting choice beyond traditional asset options, we provide flexible and digital solutions to support our clients’ success. Ultimately, we aim to educate and increase access to investments to help our clients on their journey to retirement readiness, but do not provide investment advice.
Millennium Trust has experienced year-to-year double digit growth and prides itself on its strong, progressive culture. We have been recognized for our tremendous growth on lists, such as Crain’s Fast 50 and Inc. 5000, and have also been recognized for our positive workplace culture on the 2019 Best Places to Work in Illinois list, as well as the 2019 Model Workplace Award and 2018 Champion for Young Professionals Award from the Greater Oak Brook Chamber of Commerce. Millennium Trust employees live out the values of Do Right, Excel, Collaborate, Innovate and Celebrate and deliver the brand promise of going “Above and Beyond,” so each client experiences the highest level of service.
We are always looking to expand our growing team with dynamic and enthusiastic individuals. If you enjoy a collaborative, fun environment that encourages career development, Millennium Trust is the place for you!
DEPARTMENT SUMMARY
The Fund Custody Department provides services for managed funds and other pooled investment vehicles. The services include, but are not limited to, processing of fund subscriptions and redemptions, reregistration of fund assets, execution of fund investments, exchanges, and liquidations, payments of expenses and preparation of quarterly statements.
INTERNSHIP SUMMARY
We value our interns at MTC and are excited to provide them with an opportunity to develop their professional skills while obtaining hands on practical experience in the financial services/custody industry. This is a paid program geared toward college students, recent college graduates, and those individuals pursuing a Master’s degree.
RESPONSIBILITIES
- Gain an understanding of the Company’s Value Proposition and the service we provide to our clients
- Gain an understanding of the department objectives and their impact on the business and client
- Gain an understanding of our Company Values and how they are integrated into the foundation of operations and performance at Millennium Trust
- Assist with projects specific to the Fund Custody department
- Review received data files from clients and investment sponsors
- Process the re-registration of assets
- Execute asset and cash transactions as directed, including but not limited to alternative assets, traditional assets, the opening of brokerage accounts, processing of client subscription and redemptions, and fund expense payments Monitor and release funds from external bank accounts as directed
- Perform quantitative and qualitative analysis
- Communicate verbally and through written mediums across all levels of the organization
- Participate in regular staff meetings
- All other duties as assigned
INTERN WILL HAVE THE OPPORTUNITY TO PARTICIPATE IN
- Lunch-and-Learn sessions to network with other interns and MTC executives
- Have your resume reviewed by an HR professional
QUALIFICATIONS
- Currently pursuing an undergraduate or graduate degree in Finance, Accounting, Business or related field
- Completion of sophomore year and a minimum GPA of 3.0
- Proficiency in Microsoft Office (Word, Excel, PowerPoint and Outlook)
- Professional demeanor and detail-oriented
- Strong interpersonal communication skills
- Analytical and quantitative skills required
- Strong research and problem solving skills
- Capacity to maintain confidential information
SCHEDULE, COMPENSATION, AND OTHER INFORMATION
- The internship program is a 10-week program with full time hours
- Business casual dress with jeans on Friday
- Occasionally lifts up to 25 pounds
Check out a video on our Company Culture! Millennium Trust Culture