Off-Cycle Internship - Sustainability, Luxembourg (6-12 months)
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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.
RISK MANAGEMENT FUNCTION AND SUSTAINABILITY RISK MONITORING
The Risk Management Function is based in Luxembourg and comprises the Head of the Permanent Risk Management Function, a Risk Manager and a Risk Analyst and it bears responsibility for overseeing all risk identification, measurement, monitoring, management, reporting, and if needed escalation and remediation of breaches.
As capital markets and client expectations evolve and change, we have seen increased client interest in sustainable investment practices and strategies. In concert with these shifts, Wellington has launched a number of bottom-up initiatives, including starting new investment strategies and working groups focused on climate assessment, environmental, social, and governance integration, and impact investments.
When launching a sub-fund, the Risk Management Function will review its sustainability risk exposure and document it in the sub-fund’s initial risk profile. We use different metrics to monitor the environmental, social and governance risk of our investments.
THE POSITION
We are seeking an intern to join the Risk Management & Sustainability Risk team in our Luxembourg office. Duration will be between 6-12 months dependent on the individual and needs of the team.
This internship offers a unique opportunity to contribute to the development and implementation of ESG strategies, helping Wellington understand and integrate sustainability into investment/business policies and processes. Secondly, the intern will be involved in the implementation of risk management policies and procedures, in automating the tracking of the risk profiles of each fund, and for ensuring compliance with risk limits.
Non-exhaustive responsibilities:
Inform SI policy/process and lead on process execution across various environmental, social, and governance investment and business topics.
Undertake research projects on pressing sustainable investment issues, analyze material ESG issues in portfolio companies, gather data for engagements, enhance ESG risk assessment frameworks, and analyze voting and engagement results.
Daily monitoring of the fund’s risk in line with regulatory and Group internal requirements (UCITS, AIFMD).
Automating the monitoring of risk parameters (VAR, stress testing, leverage, liquidity, counterparty, sustainability risk, etc.) against established limits, and researching and escalating breaches.
Automating controls to ensure compliance with UCITS and AIFMD regulatory requirements.
Maintaining risk related policies, procedures, and documentation.
Support the Conducting Officer and the other team members as required.
Providing reporting on risk monitoring results to the EU management committee and boards.
QUALIFICATIONS
Strong academic track record and fast learner
Strategic mindset and ability to execute from start to finish
Ability to work independently and with a team
Analytical skill and excellent attention to detail
Curiosity, ingenuity, and research skills
Desire & excitement to work closely with data & technology
Effective verbal and written communication skills
Capital markets knowledge – preferred
Course work/interest in sustainable investment (impact, climate, SI policies/processes) – preferred
Experience in data science (data cleaning, validation, analysis, visualization) – preferred
JOB TITLE
Off-Cycle Internship - Sustainability, Luxembourg (6-12 months)LOCATION
LuxembourgNot sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.
As an equal opportunity employer, Wellington Management considers all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com.
We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.
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I am excited to apply for the Off-Cycle Internship - Sustainability, Luxembourg (6-12 months) position. With my experience in ESG Strategy and Risk Management...
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