2023 Summer Undergraduate Internship Opportunities (Investment Division and Global Operations)
Notes to applicants:
- Our full-time summer internship program starts in May or June and requires a 10 to 12-week commitment.
- Hybrid work model in our Seattle or NY offices.
- We have intern openings throughout different departments such as investment research, data and global operations, trading, and portfolio management.
- Here at Russell Investments, we are proud to be an inclusive workplace for all. Even if you do not match every qualification listed, if you are interested in who we are, what we do, and why we do it, we encourage you to apply.
- Intern Pay: $24 per hour
- Application deadline: Sunday, December 11, 2022
When you intern at Russell Investments, you are a full member of the team and here to make an impact. Our internships are designed to be a rewarding learning experience, allowing you to get a head start on your career, learn from industry experts, and work in a stimulating and challenging environment. Russell Investments’ Summer Intern Program is designed to prepare candidates for a full-time role in investment management through broad exposure to our business. You will have an opportunity to work with a variety of associates across the Investment Division and Global Operations.
Who you are:
We are looking for people from a variety of backgrounds, with unique experiences and skills to join our team. You should have a genuine interest in financial markets and bring an eagerness to learn more about Russell Investments' investment capabilities. If you are a team player who is self-motivated, curious, and willing to learn, we would love to hear from you!
What’s in it for you:
- Meaningful and diverse experiences in a $270 billion AUM investment organization that will remain applicable throughout your career
- Networking opportunities with industry experts, senior leaders within the company, as well as external business partners
- Personalized mentoring and coaching from experienced professionals to further your individual development
- Engagement in a dynamic and collaborative team culture that embraces diversity and inclusion.
- Coursework related to Finance, Economics, Business, Mathematics, Accounting, or Technology.
- Undergraduate student - preference given to candidates who are finishing their sophomore or junior year of college or university studies
- Ability to work full-time (40 hours per week) during the summer
- Russell Investments looks for students who are intellectually curious, put people first, and behave with non-negotiable integrity
- Strong interest in financial markets
Nice to have:
- Data analytics skills (Excel or Power BI)
- Programming skills (SQL, Python, or R)
Fund Administration – Global Operations
As a Fund Administration intern, you will provide support for the operational functions of the US retail and institutional fund complexes, including fund accounting, financial reporting, expense management, compliance, valuation, and tax. The goal of the internship is to provide the intern with a basic understanding of investment companies-- what they are, how they operate, the regulatory bodies that govern the funds, and why it all matters.
Investment Operations – Global Operations
As an Investment Operations intern, you will provide operational support for pooled vehicle, equity, fixed income, foreign exchange, futures, options, and swaps. You will have the opportunity to work closely with client services, portfolio managers, traders, and compliance to deliver precise and scalable operational support. Main functions of this internship include daily communication with internal and external parties to ensure timely settlement of trading activity and prompt resolution of settlement issues, positions reconciliation, and continuous evaluation of internal processes to reduce risk and improve efficiency.
Trading – Global Trading Management
As a Trading intern you will work to further improve our implementation capabilities to ensure we provide our clients with the best execution. Main functions of this internship include running and developing execution analysis on all trading activity, working on evolving the methodology we use to measure executions, and managing large amounts of data to derive actionable insights.
Transfer Agent Services – Global Operations
As a Transfer Agent Services intern you will be responsible for supporting the team in service provider oversight, process management, special projects, and other duties. Main functions of this internship include reviewing and executing daily control tasks, participating on cross-functional project teams, and assisting in data analysis projects.
Alternative Investment Operations – Global Operations
As an Alternatives intern you will support the team’s efforts in providing analysis of fund managers and their strategies. You will have the opportunity to dive deep into private markets, which includes venture capital, real estate, private debt, responsible investing, and/or buyouts, among others. Main functions of this internship include providing written commentary of money manager portfolios and working with a variety of sources to produce information used in the investment diligence process. You will be extracting qualitative and quantitative data related to alternatives portfolios, manager universes, benchmarks, economic indexes, and market statistics and transforming that information into reports to be used by the team’s portfolio managers and research analysts.
Alternatives – Private Markets Manager Research
As an Alternatives intern you will provide analysis of fund managers and their strategies. You will have the opportunity to dive deep into private markets, which includes venture capital, real estate, private debt, responsible investing, and/or buyouts, among others. Main functions of this internship include quantitative analysis and written commentary of money manager portfolios. You will also be extracting qualitative and quantitative data related to alternatives portfolios, manager universes, benchmarks, economic indexes, and market statistics and transforming that information into reports to be used by the team’s portfolio managers and research analysts.
Equities – Portfolio Management
As an Equities intern, you will work closely with portfolio managers and portfolio analysts to assist with many aspects of investment management, portfolio implementation, portfolio analysis, investment process and reporting functions. Main functions of this internship include quarterly report generation for our equity portfolios to identify sources of risk and return, performance attribution, pre/post trade analytics, transaction cost measurement, and collaboration with the investment and technology teams to build and improve overall investment process and technology infrastructure.
Data Operations – Global Operations
As a Data Operations intern, you will work with the data operations team to provide data analysis and assist with ad-hoc data projects. This would be a great opportunity to deepen your technical skills and learn how to form data driven business insights. Main functions of this internship include data analysis, data extraction, processing and clean up, and various data projects.
ESG and Active Ownership – Investment Research
As an ESG (Environmental, Social, and Governance) and Active Ownership intern, you will have the opportunity to work closely with investment professionals and members of our proxy voting and engagement committee on projects that support Russell Investments’ responsible investing programs. The main functions of this internship would be to support active ownership initiatives, contribute to analysis on the firm’s proxy voting record, review and record companies' status/disclosures on ESG topics of interest (climate, diversity, board independence, etc.), and collect and write materials to support stock-specific engagement opportunities for portfolio managers and Russell funds.
Equal Employment Opportunity
Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.