Business Associate Program
WELLINGTON MANAGEMENT
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 50 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.
PROGRAM OVERVIEW
The Business Associate (BA) Program is an exciting pathway into our firm for graduating undergraduate students who are interested in the variety of career opportunities available in the investment management industry. This three-year, Boston-based program will help you gain insight into our industry, firm, and culture, as well as knowledge of the many different business divisions that support our investment functions.
As a Business Associate the first half of the program will be about developing your business and technical skillset while assimilating into the firm, your job, and our culture. The second half of the program, you will be discovering your long- term fit here at the firm and will be placed into positions that are complementary to your skills, interests, and business needs. BAs have successfully transitioned into roles on their current BA teams, onto other teams in the firm, and into other offices (here in the US and across the globe.)
We expect new entrants to join the Business Associate Program in July 2024. During your first two weeks with us, you will participate in our Base Camp Development Program. This program is designed to equip you with new skills and knowledge of our clients, industry, firm, and culture while developing a strong internal network. By investing in your personal growth on day one, you will help us continue to exceed our client’s expectations.
PROGRAM ROLES
For the Business Associate Class of 2024, opportunities exist in Finance & Administration and Global Trading. Both roles are based in the Boston office. If you are interested in BA roles in APAC or EMEA, please continue to check the website for those openings.
Please read the descriptions below for more information on each role. While we encourage a broad interest in the program, we do expect applicants to indicate specific interest in a role, which they must explain in their statement of interest.
Finance & Administration
The Finance and Administration division is a global department, comprised of multiple teams: Financial Operations, Global Accounting, Workplace Services, and Global Tax Services.
As a Business Associate (BA), you will have an opportunity to rotate across multiple teams in Finance and Administration, beginning with a one-year rotation in Global Accounting. Examples of second and third one-year rotations are: Treasury, Tax Services, and Financial Planning and Analysis (FP&A). The BA will be responsible for accounting duties as it relates to the monthly accounting close for Wellington’s legal entities. The ideal BA would be detail-oriented, have strong organizational skills, be comfortable collaborating in a team setting, and willing to ask questions. Strong analytical aptitude and data management skills are essential in this role, along with proficiency in Microsoft Office, specifically Excel.
Responsibilities may include, but are not limited to:
- Ensure the books and records of assigned legal entities are maintained in accordance with GAAP
- Assist with the preparation of financial statements in conjunction with annual audits
- Prepare filings and surveys for a variety of regulatory agencies with adherence to strict deadlines
- Recommending process improvements leveraging any technological expertise
- Assist with daily cash management processes including payment execution, liquidity management, and forecasting
- Perform analysis and trade execution related to foreign currency activities, hedging, and long-term investments
- Prepare monthly and ad hoc reporting on hedging results, investments, and liquidity management
- Assist with the annual budget and quarterly forecast updates, including work on the consolidated forecast model
- Assist with monthly expense analysis for multiple divisions, including reporting and direct meetings with leadership
- Assist with various projects related to financial modeling/strategic investments
- Preparation of tax basis accounting work papers and other work papers supporting tax filings
- Prepare quarterly estimated tax payment calculations and annual extensions.
Global Trading
The Global Trading team is a fast-paced collaborative team environment where impactful decisions are made on a daily basis to help exceed our clients’ expectations. The team works collaboratively across teams such as Portfolio Management, Research, and Information Technology to ensure our executed trading strategies are in line with our clients’ and firm’s strategic goals. The trading desk also interfaces externally with the broker/dealer community to ascertain market opportunities on behalf of our clients.
As a Business Associate, you will be provided with the unique opportunity to rotate across all aspects of Trading over a three-year period. Rotation lengths will vary based on business need. Through our program’s rotations, you will acquire knowledge of the entire trading process from execution through settlement. You will also acquire knowledge about relationship management, security evaluation, and the global trading of Fixed Income and Equity securities.
Responsibilities may include, but are not limited to:
- Confirm trade details
- Develop advanced understanding of Bloomberg functionality
- Build market monitoring models
- Analyze securities
- Analyze trade patterns and transaction costs
- Complete internal trading related projects
- Trade global securities
PROGRAM BENEFITS
- Two-week Base Camp Development program focused on developing skills, knowledge, and strong internal network
- Hybrid work environment, allowing for up to 40% of time working from home
- Technology provided to each new hire
- Competitive salary and annual bonuses
- Comprehensive benefits package including, but not limited to, medical, dental, and vision care, tuition reimbursement, retirement plan, and generous paid vacation and sick time
QUALIFICATIONS
- Undergraduates from all majors graduating with a Bachelor’s degree between Fall 2023 – Summer 2024
- Demonstrated interest in investment management
- Proficiency in Microsoft Office, specifically in Word, PowerPoint, and Excel
- Demonstrated accomplishments in academics
- Proven leadership experience and participation in community service and extracurricular activities
SKILLS
- Superior written and verbal communication skills
- Highest ethical standards and integrity
- Well organized, ability to multi-task, and detail-oriented
- Strong work ethic and professionalism
- Sharp quantitative, analytical, and problem-solving skills with ability to synthesize information
- Highly motivated self-starter, who knows how to take initiative, and has a high level of intellectual curiosity
- Ability to thrive in a collaborative, fast-paced environment
APPLICATION PROCESS
For any questions, please email undergradrecruiting@wellington.com. For issues, please use our website’s career email GMCANINQ@wellington.com.
Materials
Interested candidates must submit:
- Résumé, 1 page length
- Statement of interest, 2 pages max, that addresses:
- Why you are interested in working for Wellington Management
- Why you are interested in the Business Associate Program
- What role you are most interested in
- Unofficial transcript (condensed to a few pages, please do not send >5 pages)
All documents should be submitted at one time, bundled in PDF format, and titled with your Last and First name. You will submit at the beginning of the application where it says upload Resume/CV. Applications with missing documents or information missing from the required question for the statement of interest will not be considered.
Please note that you cannot change or update your application after you submit it.
Deadline to apply is Wednesday, 11 October 2023 at 9AM ET.
INTERVIEW PROCESS
Qualified candidates will be notified of their application status on an on-going basis but mainly after the application deadline. If selected to continue, first round phone screens may be scheduled with a Campus Recruiter. Final round interviews will take place virtually the first weeks of November.
The start date for the program is July 2024.
This position is not eligible for visa sponsorship.