Wealth Management - 2023 Summer Internship

Job Description

Arbuthnot Latham is an independent Private Bank offering comprehensive Banking, Wealth Management and Investment Management services. Serving its customers since 1833, Arbuthnot has successfully navigated many turbulent periods of economic instability and has a long track record of profitability. Today it has offices in London, Manchester, Exeter and Dubai where it manages the financial affairs of c.3500 high net worth (HNW) individuals. Arbuthnot Latham prides itself on the quality of its service and has built its reputation on understanding the needs of its clients.

ALIM is the investment management division of Arbuthnot Latham. It manages approx. £1bn AUM over 1500 portfolios for approx. 900 clients. It manages over 50 different investment models including GBP, EUR and USD mandates. We have an independent open-architecture ‘best of breed’ approach with no in-house funds or products. Mandates are predominantly discretionary with some execution & custody only.

Following an introduction to the bank and the investment management division, the intern will gain a broad education and experience in portfolio management including portfolio construction and analysis, asset allocation, performance analysis and investment research.

The internship programme will last eight weeks and be divided into two ections. The intern will report into the Research & Portfolio Analytics Manager within the front office of the Investment Management division where he will support him and the Investment Risk Analyst in the day-to-day function of the desk whilst following the structure set out below.

The first four weeks will focus on building the intern’s knowledge of Arbuthnot Latham’s services, the basic tenets of portfolio management and analysis and participation in the division’s quarterly investment committee meetings. This training will be accompanied by one mini-project for each week of on-the-job learning.

The second four weeks will put into daily practice the information learnt from section one as the intern becomes involved in live research projects, fund manager and investment service meetings and presentation preparations. During this period the intern will prepare two longer projects for presentation at the culmination of the programme upon which they will be assessed. Person Specification

Knowledge & Experience

• Candidates should be in their penultimate year of study in an undergraduate degree at a top-tier university.
• Candidates must be able to show a proven interest in finance and portfolio management.
• Candidates from all academic disciplines will be considered.
• No prior practical experience is required.

Key Skills

• Good numerical skills.
• Strong logical and critical analysis skills.
• Good knowledge of Microsoft Office.
• Training in financial data systems will be provided.
• Strong communication and presentation skills.
• Good time management and the ability to work under pressure.

Personal Values

• Integrity.
• Energy & Drive.
• Respect.
• Collaboration.
• Empowerment.

About Us

Work, Life and Benefits

Arbuthnot Latham is committed to equal-opportunities for all staff and candidates. We embrace inclusion & diversity and understand why they are critical for the success of our business and people.

At Arbuthnot Latham we offer:

• Agile working (three days a week in the office)
• Competitive salary, pension & holiday allowance
• BUPA Health cover
• 4 x Life Assurance
• Discretionary bonus
• Market leading maternity/paternity and menopause policies
• Flexible benefits
• Income Protection Scheme