Intern – Prime Brokerage Operations

Overview

The Company

Innovative, future-focused and collaborative, StoneX Group Inc. (NASDAQ: SNEX) is a global financial services firm with an entrepreneurial culture and a passion for providing world-class services to our clients. A Fortune-100 company with a nearly 100-year track record, with 3,300 employees and over 400,00 retail and institutional clients from more than 40 offices spread across five continents, we connect clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.  

Today's global financial markets offer a world of opportunities. To trade. To invest. To manage risk. And to grow. We believe in connecting every company, every organization, every trader, and every investor to every advantage they need to succeed in today’s global markets ecosystem. 

But that belief doesn’t stop at our clients. We also believe in connecting every single one of our employees to every opportunity they need to succeed in their own careers, too. From an entrepreneurial culture to a collaborative environment working alongside highly skilled specialists, a career at StoneX also offers a world of opportunities. To invest in yourself. To achieve. And to grow.  

We Connect Clients to Markets.

StoneX Internship

Are you looking to gain real world experience in an entrepreneurial culture? Consider an internship at a thriving global financial services firm and launch your career with StoneX! A StoneX Internship will provide development, support, career growth, and an endless array of opportunities. You can expect to make an impact on the business and experience a career defining internship program.

Internship Perks:

In addition to the real-world experience, you’ll gain at StoneX, we’re excited to offer interns several perks which include the following:

• Compensation: All interns are paid at a competitive rate.  
• Hybrid Model: StoneX works on a hybrid model with the flexibility to work from home and in one of our fully equipped offices around the globe. In office days are made better with free snacks and drinks.
• Socials: Networking and acclimation to the company, office, and city are important aspects of the internship program. Socials and local favorites are planned at various points, with large events at the beginning and end of your internship. 
• Access to Senior Leaders: Senior leaders are involved in the internship program from day one, delivering trainings, presenting on firm business, weekly leadership calls, and even attending socials.
• Training: Virtual and in-person trainings to get interns onboarded and connected with the company globally.
• Mentorship: Interns have a mentor and buddy to help answer any questions and work alongside during your internship.

Responsibilities

As a Prime Brokerage Onboarding and Operations Associate, you will play a crucial role in ensuring the efficient and smooth onboarding of new prime brokerage clients and supporting ongoing operational processes. This position requires exceptional attentiveness, strong email and communication skills, acute attention to detail when reviewing formation documents, and the ability to navigate various internal groups while proactively following up on tasks. Initiative is of paramount importance to excel in this role.

• Collaborate with the sales and client relationship teams to understand client requirements and expectations.
• Initiate the onboarding process for new prime brokerage clients, ensuring all necessary documentation is collected and reviewed promptly.
• Communicate with clients to request and clarify required information and documents.
• Follow established procedures and checklists to ensure a smooth onboarding experience for clients.

• Thoroughly review formation documents, including partnership agreements, corporate bylaws, and other legal documents.
• Verify the accuracy and completeness of client-provided documentation.
• Identify discrepancies or missing information and liaise with clients to resolve issues.
• Maintain meticulous records of document reviews and approvals.

• Maintain regular communication with clients via email and phone, providing updates on the onboarding progress.
• Collaborate with internal teams such as legal, compliance, and risk to facilitate necessary approvals and clearances.
• Proactively follow up on outstanding tasks and requirements, ensuring timely resolution.
• Document all client interactions and correspondence accurately.

• Act as a liaison between different internal departments involved in the onboarding process.
• Coordinate with compliance teams to ensure adherence to regulatory requirements.
• Work closely with the operations team to set up client accounts and enable trading activities.
• Address any operational issues that arise during the onboarding process.

• Identify areas for process improvement and propose enhancements to streamline onboarding procedures.
• Take the initiative to resolve challenges and obstacles that may impede the onboarding process.
• Stay informed about industry trends and best practices in prime brokerage operations.

The Prime Brokerage Onboarding and Operations Associate plays a pivotal role in ensuring a seamless onboarding experience for clients while maintaining rigorous attention to detail, effective communication, and proactive problem-solving. If you are a self-motivated individual with a keen eye for detail and a passion for delivering exceptional client service, this role offers an exciting opportunity to thrive in the dynamic world of prime brokerage operations.

Qualifications

StoneX Essential Qualifications

• Pursuing a bachelor’s degree from an accredited university in a relevant program and graduating between December 2023 and August 2024 (entering penultimate year of university)
• Available for a June 2023 start date for an 8 – 10-week program
• Proficiency with Microsoft Office suite
• Ability to maintain confidentiality and appropriately handle sensitive information with tact and discretion
• Strong verbal/written communication abilities and effective interpersonal skills
• Strong sense of urgency
• Strong work ethic and emphasis on attention to detail
• Must be authorized to work in the US for any employee

Early Careers Requirements:

Pursuing a bachelor’s degree from an accredited university in a relevant program and graduating between December 2024 and August 2025 (entering penultimate year of university)

Available for a June 2024 start date for an 8 – 10-week program

Proficiency with Microsoft Office suite (preferably Excel)

Must be authorized to work in the US for any employer