Neuberger Berman is running an eight-week Summer Internship Program between the months of 27th June to 26th August 2022. We are looking for enthusiastic team players with a desire to work on a wide variety of projects. Below is further information on several internships. This is not a rotational program, however we will be hosting a variety of training sessions and events to help you gain insight to our global business.
Please submit a Cover Letter with your CV and state which department you would be interested in joining.
Management presentation construction (creating MI – similar to FI summit, equity info for MM etc)
Meeting notes
Market mapping
Competitive analysis
London – Operations
Supporting the Trade Support team with their daily duties
Trade matching and Broker chasing
Reviewing our data checks
General Settlement admin
Supporting the European Regulatory Reporting Team with their daily duties
Manually reviewing unmatched Trades
Chasing brokers for missing trades
General Regulation support
London – Funds Client Services
The Funds Client Service team covers a multitude of functions and manage significant global relationships with both internal and external stakeholders such as administrators, external asset managers, distributors, private banks, etc. The successful candidate will participate in the team’s day to day processes, such as investor onboarding, fund launches, distributor oversight and investor query management. We have also identified three key projects for this program which cover a wide range of the roles and responsibilities within the team:
Share class closure project
Assisting in the clean-up process of rebate vs non-rebate paying share classes
UK platform matrix mapping
London – Fund Oversight
We will decide on a main project for them nearer the time (it might be around transaction cost exceptions) but we will focus on teaching them:
Swing pricing
Distributions
Share class requests and registrations
TERs
EMTs
London – Private Equity
Analyse and conduct comprehensive due diligence on potential primary fund investments, secondary fund investments and direct equity co-investment opportunities
Gather information and conduct extensive research on private equity investment opportunities
Perform in-depth valuation analysis of private equity portfolios and private companies
Assist in the preparation of due diligence materials for the investment committee
Meet with investment professionals of private equity firms
Monitor investments and prepare investor updates
Assist in the preparation of marketing materials, investment reporting and responses to client-driven requests for information
Assist in special projects involving product development, market studies, asset allocation analyses, forward calendars of investments, or other
London – Information Technology
Draft regular updates on a portfolio of projects.
Participate in requirements gathering for project initiations.
Assist in identifying key risks and issues for projects.
Lead small initiatives.
London – Insurance Analytics
Student in penultimate year of study with good skills in university-level maths/ statistics/ computing; with a view to become permanent hire upon graduation.
German/English bilingual speaker preferred.
Support EMEA client presentations: market intelligence, peer analysis, recent regulatory and accounting matters, and a variety of client-specific analysis
Learn to model the risk/return of investment asset classes and impact on an institutional balance sheet, using both Excel and in-house modelling tools
Contribute where possible to the team’s in-house modelling infrastructure built in various programming languages
Willingness to learn on-the-job and take the CFA exam (or actuarial qualification exams) long-term
London – EMEA Sales
The EMEA family office team is responsible for managing relationships with single and multi-family offices across EMEA. This complex group has different needs and requirements with regards to the strategies in which they invest and the day-to-day client servicing. The internship will be a good opportunity to gain exposure to a broad and varied client base that invests widely across equities, fixed income, and alternatives. Responsibilities will include assisting with:
Competitive analysis
Database management (assisting with Salesforce administration)
Market mapping & prospecting
Updating marketing materials (such as information on the family office platform)
Client follow-up requests
London – Multi Asset/Equity
Multi-asset
Analyse multi-asset marketplace and biggest competitors, comparing to NB MA offering, identifying opportunities/differentiating features
Projects to help promote multi-asset funds internally and externally
Work on Multi-asset ESG project – analysis of ESG metrics for existing portfolios/ esg integration framework/ esg Multi-asset fund/ updating collateral
Help build generic and bespoke material for multi-asset mandates including public/private capabilities
Equity
Assess institutional equity market and position NB strategies accordingly.
London – Risk
Gain an insight into the investment risk function and learn how to analyse risk for a portfolio
Develop an understanding of quantitative risk models through conducting back-testing and analysing results
Support the team in factor risk trend analysis across portfolios
Support the team in preparing reports for relevant markets/macro indicators including ESG
Collaborate with teams based in EMEA and the US as part of the wider Risk function
London – Product Strategy
Market Intelligence
Assist in ongoing SFDR/ESG research as the market and peer group develops Deep dive on key peers Research into private markets, in particular “democratised” products: ELTIF, semi-liquid solutions Joint projects between Market Intel and Marketing
Product Development
Assist in the preparation of annual product reviews New products: support in the drafting of product proposal papers including investment process description, fee analysis Participation in new product launch onboarding meetings Template review; product specification documents, MIFID II Target Market Analysis matrix, Benchmark matrix Maintenance of regional Product Development Pipeline
London / Netherlands – Emerging Markets Debt
Analyse fundamental credit characteristics of Corporates and Banks from Central & Eastern Europe, Africa and Middle East (CEEMEA) issuing USD bonds.
Consider different sustainability features (ie Climate Change, EU Taxonomy) and Environmental, Social and Governance (ESG) characteristics in the overall Risk assessment of the issuers in the investable universe.
Assist in the preparation of investment cases, including business, financial, sustainability, bonds’ relative value and suggested positioning, and discuss them with the analysts and PMs.
Monitor investments across portfolios, confirming positioning vs the bonds’ tightening potential.
Support Analysts in ad-hoc projects and reports to customers to help enhance and promote EMC Debt strategy internally and externally.
Good Excel and Power point skills.
Neuberger Berman is an equal opportunity/affirmative action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact onlineaccommodations@nb.com.
Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 23 countries worldwide, the firm manages $437 billion in client assets (as of September 30, 2021) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally.
Tenured, stable and long-term in focus, the firm has built a diverse team—including 600-plus investment professionals and more than 2,400 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by Pensions & Investments as the first or second “Best Place to Work in Money Management” for last eight consecutive years (firms with 1,000+ employees).
EQUITY, INCLUSION & DIVERSITY
Neuberger Berman strongly embraces the principles of Equity, Inclusion and Diversity (“EID”) — they are deeply engrained in our culture and are a fundamental part of our long-term business strategy. We firmly believe in fostering an environment, in which all of our people are respected and have an equitable opportunity to flourish and be their best selves. We believe having a diversity of perspectives strengthens our ability to deliver attractive outcomes for our clients and makes us a better organization.
Empowering is about our people having a voice and the ability and autonomy to contribute materially to the firm. As an employee-owned firm, we lean heavily on employee feedback and guidance, including through a series of surveys (e.g., our anonymous employee engagement survey and topic specific pulse surveys). We also provide many opportunities to contribute outside of the day-to-day, including through cross functional committees and firm-wide projects.
Developing is about our people having the resources, tools, and experiences to grow professionally and personally. As part of this, our colleagues and managers can leverage a broad array of offerings on our HCM Learning platform as part of a personalized career path plan that focuses intently on individual circumstances and objectives.
Supporting is about our people having the opportunity to be themselves, connect within NB and live a balanced life. Our Employee Resource Groups help to drive a greater sense of fellowship and build stronger connections across our firm. Through NB Wellness, NB Impacts (philanthropy) and Employee Investment Solutions (financial wellness), we take a holistic approach to ensure our colleagues have the resources they need to realize their personal goals.
Our people and our culture are our greatest assets. We remain deeply committed to our EID values and to ensuring Neuberger Berman remains a best-in-class place to work.
