Early Career Investor Programme

Recruiter
Wellington Management Company, LLP
Location
London, United Kingdom
Salary
Competitive
Posted
24 Oct 2020
Closes
22 Nov 2020
Ref
8786131
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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 55 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.

POSITION

We are seeking individuals to join our Early Career Investor (ECI) Programme. The goal of the Programme is to support the firm's mission of superior investment performance. Additionally, we aim to identify and develop exceptional Early Career Investors (ECIs) to build our pipeline of talented investors. Programme participants will play a critical role in assisting experienced Analysts and Portfolio Managers in conducting research and implementing their investment process.

ECIs are hired globally, domiciled out of our Boston, London, Singapore, Hong Kong and Tokyo offices. Rotational opportunities (both short and longer term in nature) may be available between our global office locations listed above, along with our Radnor, PA location. Interested candidates should have geographic flexibility.

In the first couple of years in the role, ECIs will have the opportunity to rotate across the Investment Platform, within and between the Investment Research, Investment Boutiques, Investment Strategy and Investment Science groups. Typically, rotations are approximately 12 months in length however the duration, nature, and number of rotations will vary considerably based on investor needs, fit, and the participants' skills and interests.

Examples of the nature of the work include:
  • Analyzing potential investment opportunities
  • Building and maintaining company financial spreadsheets
  • Modeling sophisticated financial instruments
  • Completing complex analytical projects
  • Researching macroeconomic themes
  • Interpreting company announcements
  • Attending company meetings & conferences
  • Developing & communicating investment ideas in spoken & written form
  • Creating visualizations and dashboard views using various data sets
  • Researching ESG factors and their impact on investments
THE PROGRAMME

The ECI Programme is a multi-year rotational programme for up to five years. After rotating, participants may be placed in a longer-term (>1 year) assignment with an investment team. Some programme participants may spend up to 24 months in their first rotation and based on their experience and our needs, may be more closely aligned with one asset class. An ECIs career path during and after the five-year period is based upon individual skill, organizational needs, personal interest and future potential. Some ECIs pursue graduate studies upon completion of the Programme.

The Programme offers a unique opportunity for those individuals who are passionate about and are seeking to embark on a career in investment research and investing. The successful candidates will join an in-house training curriculum focused on developing accounting, financial statement analysis, and financial modeling skills, as well as providing broad exposure to the investors and investment landscape at Wellington Management. This will take place ahead of the first rotation. Supplemental training and career coaching will be provided on a continuous basis throughout each participant's tenure with the Programme along with mentorship from experienced investors and peers. In addition, participants will be required to pursue the CFA exam (covered through our Tuition Reimbursement benefit) to further their financial acumen.

QUALIFICATIONS

The size of the Programme is intentionally kept small to ensure participants receive personalized attention. There is a competitive and rigorous interview process for each applicant.

We are seeking candidates with a broad range of backgrounds and experiences who display the following characteristics:
  • Strong academic credentials
  • Demonstrated interest in and passion for investing and strong desire to analyze investment opportunities
  • Intellectually curious and mentally flexible, strong growth mindset, focused on continuous improvement, willingness and ability to take risk, strong learning orientation and willingness to try new things, and brings a broad, differentiated perspective
  • Analytical and problem-solving skills: must be able to synthesize disparate information, identify the most important elements, and arrive at a conclusion
  • Aptitude for building investment science skill sets. While no previous technical skills are needed, we are looking for individuals that are willing to learn and have an interest in the intersection of science and investing
Other important qualifications include:
  • Consistent track record of achievement, strategic thinking, initiative, humility, and the ability to learn from and collaborate with colleagues
  • Progression towards the CFA will be viewed favorably
  • Language skills would be advantageous but are not required
APPLICATION REQUIREMENTS

Qualified candidates should submit the following:

1. Statement of Interest (1 page limit)

•Why do you want to pursue a career as an investor and how did you arrive at this decision?

•What traits do you believe are essential to being a successful investor?

•What aspect of your background best illustrates your ability to become an investor?

•Please tell us something about yourself that is not on your resume.

2. Current Resume

3. Sample piece of research (4 pages maximum inclusive of any supporting charts or models)

The purpose of this document is to clearly articulate the rationale for investing in a selected market, security, or theme that you think would add value for our clients. Please submit an investment idea (note; this can be thematic, credit, equity, macro, or data science oriented) macro Incorporated into your research you should include:

•Brief description of the investment opportunity and how you arrived at it

•Articulation of the investment thesis (key drivers, valuation, buy/sell recommendation)

•Supporting data, charts or models

SKILLS

JOB TITLE
Early Career Investor Programme

LOCATION
London

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal 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 GMCANINQ@wellington.com .

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