Intern - Investment Due Diligence

Job description

Job details

General information

Entity

Amundi is the European leader and in the Top 10 worldwide in the asset management industry.

The London Branch of the Amundi Group was established in 1999 when Crédit Agricole Asset Management's Global Fixed Income team relocated here.

Today there are approximately 125 employees in the London branch, which comprises of a full range of asset management activities including Portfolio Management, Product Specialists, Middle Office, Risk, Compliance and Sales and Marketing. In addition there is the Global Consultant Relations team who provide UK pension schemes and their advisors with local access to the full range of Amundi's global investment expertise. With a client base ranging from pension funds & private banks to financial advisors and insurance, Amundi London offers a comprehensive range of financial products covering all asset classes.

Also located in the London office is the London branch of Amundi Alternative Investments SAS (Amundi AI), which is regulated by the FCA and conducts due diligence on hedge fund managers. Amundi AI was formed in 1992 and is ranked among the top 15 global Fund of Hedge Fund managers in terms of assets under management.

Reference number

2017-19509  

Publication date

07/02/2017

Job description

Business type

Economic and Financial Analysis

Contract type

Fixed-Term Contract

Term (in months)

12

Expected start date

06/03/2017

Management position

No

Job summary

Overall Purpose of the Job:

The main responsibilities of the role holder will be to assist the Strategy Head and Alternative Investment Analysts in the selection and monitoring of hedge funds and allocations. They will focus on the management of information flow, peer group and database maintenance and other quantitative and qualitative aspects in support of the due diligence and investment process.

Main Responsibilities:

Contribute generally to the investment process applied by the Amundi LAI Investment Team.

The role of the Intern in London will be specifically to:

- Write the Monthly Strategy Review which involves collecting and compiling relevant information on the market backdrop as directed by his/her supervisor, in addition to strategy specific information which describes how managers, and in aggregate, a strategy made or lost money during a month.

- Monitor existing investments and relevant news flow for Amundi LAI:

• Use internal quantitative tools to analyse performance attributes of our managers from various vantage points. Prepare manager specific monthly comments to support the Amundi Portfolio Manager and Product Specialist Teams in their respective Portfolio Reviews with clients.
• Maintain files to assess tracking error between Amundi LAI funds vs. reference funds.
• Maintain peer groups for incumbent managers.
• Contribute to the periodic review of incumbent managers.

- Assist in maintaining knowledge of the strategy universe and, where necessary, conducting investment due diligence of prospective HF managers to add to the buy-list:

• Screen Managers and provide lists of the investible universe for each underlying hedge fund strategy
• Populate internal databases and spreadsheets with data provided by existing Managers which focus on manager net/gross/country/sector exposures and performance attribution.
• Assist the London Analyst team in performing due diligence to provide fully documented investment proposals to Amundi LAI's Selection Committee.

Job location

Geographical area

Europe, United Kingdom

City

London

Desired profile

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

A strong track record of educational achievement including a relevant qualification at degree-level

Required skills

• A highly motivated self-starter, who is flexible in the tasks undertaken and takes pride in the quality of work produced
• A strong team player, able to operate within a relatively close-knit team
• Strong communication skills with the ability to liaise effectively both internally with other teams and functions and externally with client contacts
• Strong report writing skills
• A good knowledge of Excel, ideally including Macros, Formulas would be useful
• A high degree of numerical ability with an analytical approach and close attention to detail
• An interest in and sound knowledge of financial markets and industry trends

Languages

Fluent in written and spoken English. Knowledge of French is beneficial, but not essential