Our investment pods are looking for bright, curious, and motivated candidates to join their teams for a summer internship. Throughout the summer, interns will be given the opportunity to learn about various investments strategies, as well as complete a project that will be both educational and a value add to the business.

We are looking specifically for our Global Relative Value team which spans NYC and London but we're looking in NYC.

PROGRAM DETAILS

Capstone’s 2023 Summer Internship is a 10–12-week summer program. You will be given a project that is both educational and a value add to the business, at the end of the summer you will present your project to the senior leadership team. Throughout the program you will attend educational sessions given by senior leadership, we will host team building exercises and encourage relationship building with the firm. At the end of the summer, we will have a send-off lunch to close out the program and thank you for all your hard work.

DESIRABLE CANDIDATES:

• Currently pursuing an Undergraduate or Master’s degree in Computer Science or Engineering
• Proficiency in Python and JavaScript compulsory
• Excellent verbal and written communication skills

Hourly Rate

$30 – $40 USD

We are looking for a highly motivated and dynamic individual to work as part of our production support team. You will be working closely with developers, Infrastructure and DBAs. The role is to support our world class in-house trading system used by our investment team along with other third-party trading applications.

RESPONSIBILITIES:

• Responsible for the administration, monitoring and maintenance of software applications
• Ensure trading systems are performing as intended through series of system checks
• Respond to issues raised by investment or middle office teams
• Perform QA testing for new functionality
• Liaise with external brokers/vendors on order flow issues
• Develop relationships with business community and market data providers
• Prioritize issues raised and resolve them accordingly

DESIRABLE CANDIDATES:

• Bachelor’s degree in an IT related discipline
• 2-5 years’ experience working in a production support function
• Understanding of one or more global market asset classes
• Experience working in a fast-paced environment with an ability to work under pressure and deal with stressful situations
• Strong interpersonal skills and ability to work with various stakeholders across various teams
• Technical skill set required, preferably Python, QA, cloud and exposure to trading systems [EMSX, Flextrade or similar EMS systems]
• Knowledge of FIX, Linux and SQL Server is essential
• Experience with Azure Devops, GIT, ServiceNow
• Must be flexible with work hours and/or expected to respond to and troubleshoot issues

BASE SALARY RANGE

$90,000– $150,000 USD (depending on experience)

RESPONSIBILITIES:

• Support the Head of Finance/CFO by working closely with the other Assistant Fund Controller on daily team supervision and overseeing all aspects of the Capstone funds, including a $5.5B multi-strategy flagship fund and 20+ Solutions accounts ranging from SMAs and funds of one to funds with complex liquidity terms and customized fee calculations
• Together with the other Assistant Fund Controller, responsible for managing a four-person fund accounting team
• Managing communication and expectations with the administrator Collaborate with Middle Office on the review of daily PnL as well as reviewing internal day-to-day NAV reporting
• Participate in IT development projects on the Finance development list and work closely with the technology team
• Identify and lead new initiatives to make the group more efficient through process/procedures redesign; including helping to finalize the onboarding of a new cloud-based application to help with budgeting fund expenses and calculation of accruals
• Exposure to the Valuation process as it relates to the month-end close
• Review of month end close packages from the administrator along with overseeing the completion of internal shadow allocations
• Support IR team on ad hoc and monthly investor requests, DDQ responses.
• Work closely with the Deputy General Counsel on the review of fund and investor documents, including assisting in the negotiation of investor side letters and MFNs
• Participate in the coordination the accounting aspects of new fund launches with multiple groups across the firm (Operations, Legal, Middle Office), including fund structuring and management and incentive calculation scenarios as well as both internal meetings and external calls throughout the launch
• Coordinate with the SVP of FP&A on management fee and incentive forecasts
• Review of audited financials
• Work with the SVP of Tax on things such as preparing fund tax estimates, reviewing fund K-1s (K-2s and K-3s also), and Federal and State filings review
• Other duties as assigned

DESIRABLE CANDIDATES:

• Strong organizational and multitasking skills
• Experience with and ability to manage multiple projects and deliverables at one time: plan, document and coordinate projects as well as ensuring the team makes continuous progress, hits planned deadlines and ultimately delivers on the final results
• Experience with mentoring and/or supervising junior staff
• Involvement in process improvement/overall quality control of procedures
• IT development project experience as it relates to Fund Accounting
• Mix of private/public or private/admin experience is ideal. CPA is a plus.
• Advanced Microsoft Excel skills, SQL skills and VBA experience is a plus
• Experience working on Financial Statements / Audit Process
• Experience working on tax returns (K-1’s, Federal + State filings) is a plus
• Product knowledge

BASE SALARY RANGE

$150,000 – $175,000 USD

RESPONSIBILITIES:  

• Be part of Data Engineering team responsible for all market data in the firm
• Design and implement data-ingestion and data-processing pipelines and tools for a diverse range of datasets using Python, Linux and AWS Cloud platform.
• Work with variety of backend database storage systems including MS SQL Server, AWS Redshift, Cassandra, Snowflake and MongoDB
• Enhance and build out API and libraries to access firm’s centralized data platform (Datalake)
• Hands on building out next generation real-time market data platform
• Lead ad hoc projects related to data (e.g., assessment of a dataset, quarterly review of the data library, creation of a website)
• Become the subject matter expert of different market and alternative datasets used for alpha research and trading across different strategies and asset classes.
• Works closely with portfolio managers, traders and quants across the firm to provide them with support for all their data requirements. Must be comfortable in communicating with investment teams

DESIRABLE CANDIDATES:

• Proficient coding experience in Python
• Experience working in Linux environment
• Experience working with commercial database engines, including MS SQL Server and cloud-based databases such as Redshift or Apache Casandra
• Experience with AWS ecosystem, familiar with S3 and Lambda function preferred
• Attention to details and analytical rigor
• Demonstrated interest in finance and aspiration to build a future proof data and information infrastructure
• Ability to communicate efficiently and concisely (both written and verbal communication)
• Strong dedication  
• Master’s degree in mathematics, computer science, financial engineering or other technical discipline
• Some working experience in capital markets (optional) 
  

We’re looking for a motivated and bright network administrator to play a critical role in building a robust and world-class technology infrastructure environment. Given the growth around the firm, there’s plenty of opportunity to make an impact. We’re looking for someone who has depth of technical skills, someone who’s comfortable in a fast-paced environment and has great communication skills for those instances when interacting with end users.

RESPONSIBILITIES:

• Provide support to global users in a fast-paced trading environment
• Provide level 1 and 2 network administration of global network
• Perform circuit management and WAN Optimization
• Troubleshoot network issues between sites
• Remote access set up and troubleshooting using Netskope and Remote Desktop/VPN technology
• Escalate issues as appropriate in a timely manner

DESIRABLE CANDIDATES:

• 5 years’+ experience working as a network administrator for an investment company or service provider
• Knowledge of Linux sysadmin duties
• Knowledge of Cisco switches, routers, and other networking peripherals essential
• Cloud networking with AWS and Azure a plus
• SSL VPN, CASB/Remote Access support experience a plus
• Experience with video conferencing technology
• Experience with Palo Alto firewalls
• Knowledge of Remote Desktop/VPN technology
• Exposure to Microsoft Intune as MDM platform a plus
• General desktop computing experience helpful as this role will occasionally need to provide basic troubleshooting with end users
• Team player with a willingness to learn and strong communication skills

This role will be a critical member of the Capstone Core Technology Team, which is focused on enhancing and supporting our trading platform. This drives straight through processing for trades, settlement, and reconciliation.

This position will provide key assistance to the Operations, Treasury, and Middle Office teams, and have exposure to the many aspects of a hedge fund. You will be expected to be a great communicator, strong team player, and open-minded collaborator to bring innovative ideas to life.

RESPONSIBILITIES:

• Providing first-line support for Middle Office, Operations and Treasury functions in London, New York and Hong Kong
• Creating and then executing an enhancement pipeline for back-end systems through collaboration with key stakeholders
• Be a part of a firm-wide, high visibility initiative to increase automation and remove manual processes
• Build-out of the firm’s margin framework, trade settlement and reconciliation processes
• Other ad-hoc projects with portfolio finance, treasury, FX, and repo trading 

DESIRABLE CANDIDATES:

• Advanced SQL skills including creating stored procedures, interpreting execution plans, and query optimization
• 3+ years of experience in any object-oriented language (C#, Java preferred)
• Experience developing in Python preferred
• A collaborative and highly motivated team player with strong attention to detail and communication skills.
• A demonstrated interest in the finance industry

This role will play a critical part of the Capstone Risk mission to build a world-class risk platform to drive understanding and empower decisions on Risk, Performance, Margin and Capital Allocation. 
You will work as part of our Risk team providing key assistance to the Risk Team, Trading Desks and the Capstone Investment Committee. 
To be effective in this role you will be required to interact with every business area: Trading, Technology, Treasury, Finance, Investor Relations, Compliance and Operations. The role offers great exposure to the many and varied aspects of a hedge fund, and you will be expected to be a great communicator, a strong team player, an open-minded collaborator and able to bring your own and others innovative ideas to life.

RESPONSIBILITIES:

• Support the risk management across a variety of trading desks
• Help develop the risk modelling, pricing, and analytics suite to enable effective decision making by Risk, Portfolio Managers, and the Investment Committee
• Design risk analytics and scenarios to provide insight and aggregation of exposures across desks and funds.
• Develop innovative performance analytics solutions to enable effective tracking of performance, alpha and benchmarks
• Closely follow international markets / macro events and communicate associations to PNL & performance
• Develop and monitor the Risk Limit framework & Reporting for each trading desk covered
• Proactively explore and develop new tools & approaches to understanding the risk exposures across books and asset classes
• Work closely with the Risk Technology team to ensure systems are automated, efficient, and accurate

DESIRABLE CANDIDATES:

• 2 – 4 years of relevant applied experience with options & derivatives to be able to add tangible value in expanding our current approaches
• Strong understanding of Option Pricing, Greeks, VaR and Scenario Analysis
• Understanding of PNL drivers of trading books and an ability to communicate and explain the performance
• Good listening skills and an ability to flex style to communicate articulately, concisely and with conviction to a wide range of stakeholders
• High levels of motivation and continually seeking to improve the performance of self and supportive of others to perform
• A collaborative team player, systematic, rigorous with an exceptionally high attention to detail
• Analytical, innovative, and curious about with and extrapolating meaning from data
• Good Python (or similar) programming skills
• Good SQL and data visualization skills desirable

BASE SALARY RANGE

$90,000 – $120,000 USD (depending on experience)

Capstone are looking to appoint a new Risk Developer to play a critical role in our mission to build a world-class risk platform to drive understanding and empower decisions on Risk, Performance, Margin and Capital Allocation. 
You will work as part of our Risk Development team providing key assistance to the Chief Risk Officer (CRO), Chief Technology Officer (CTO) and the Capstone Investment Committee.
The ideal candidate would have exceptional technical skills and a strong interest in Pricing & Risk. The role offers great exposure to the many and varied aspects of a hedge fund, and you will be expected to be a good communicator, a strong team player, an open-minded collaborator and able to bring your own and others innovative ideas to life.
This is an excellent opportunity for a highly motivated individual with a passion for risk management and technology to join a leading hedge fund and work with a team of experienced professionals in a dynamic environment. We offer a competitive salary and benefits package, as well as opportunities for professional growth and career advancement.

RESPONSIBILITIES:

• Develop and maintain the risk modelling, pricing, and analytics suite to enable effective decision making by Risk, Portfolio Managers, and the Investment Committee
• Assist Risk Managers to identify, evaluate and manage the risks of trading strategies across multiple asset classes including Equities, Fixed Income, Credit and FX
• Implement and maintain risk models and perform back-testing and stress testing to ensure the accuracy and effectiveness of risk management & trading strategies.
• Proactively explore and develop new tools & approaches to understanding the data and analytics across the differing asset classes

DESIRABLE CANDIDATES:

• Bachelors or Master’s degree in Computer Science, Mathematics, Statistics or related field
• 2 – 8 years of experience in software development within a hedge fund, investment bank or other financial institution
• Strong programming skills in languages such as Python, C++, and Java, and experience with SQL and database management systems
• Strong analytical and quantitative skills, and experience in statistical analysis, data modeling or machine learning desirable
• High levels of motivation and continually seeking to improve the performance of self and supportive of others to perform
• A collaborative team player, systematic, rigorous with an exceptionally high attention to detail 
  

We are looking for a qualified, enthusiastic candidate to join our global Legal and Compliance team in a Senior Compliance Officer role. This is a full-time position and can be based out of Capstone’s New York City headquarters or the firm’s satellite office in Stamford, CT.

The Senior Compliance Officer will be part of Capstone’s global Legal and Compliance team, comprised of 11
total team members, and will report to the firm’s General Counsel and Chief Compliance Officer. The role
offers the opportunity to work with a team that provides oversight and counsel to Capstone in connection with
the firm’s legal, compliance and regulatory operations.

RESPONSIBILITIES:

The Senior Compliance Officer will be engaged in a broad variety of compliance matters. The Senior
Compliance Officer will lead the day-to-day management of Capstone’s U.S. compliance program. In
addition, the Senior Compliance Officer will be responsible for Capstone’s annual 206(4)-7 compliance review
as well as monitoring, managing and maintaining Capstone’s global regulatory reporting obligations and
Global Compliance Manual. The Senior Compliance Officer will also lead the Compliance team’s
contributions to cross-team projects.
The ideal candidate is an intellectually curious individual who wants to develop skills in a fast-paced
environment, has the ability to be proactive, responsive and multi-task efficiently, and a desire to create
relationships across Capstone through collaborative work with the firm’s Investment, Technology, Operations,
Middle Office, Finance and other teams. The candidate should be humble, results-oriented and have the
flexibility to adapt to quickly changing circumstances and priorities. Excellent written and verbal
communications skills are necessary for success in this role.

• Lead efforts to draft, maintain and implement compliance policies and procedures; responsible for
  ongoing maintenance of Capstone’s Global Compliance Manual
• Coordinate global regulatory filings, including, among others: Form ADV, Form PF, CPO-PQR; FCA and
  SFC-related filings
• Lead Capstone’s response to inquiries and exams by regulators, including SEC and NFA / CFTC
• Manage Capstone’s annual 206(4)-7 Compliance Review; assist in ongoing compliance testing and
  monitoring
• Monitor and maintain Capstone’s Regulatory Radar tracker related to pending rules and regulations
  applicable to the firm; lead efforts to update Capstone’s compliance program in advance of such
  changes
• Provide real-time trade compliance advice across Capstone investment teams
• Advise on U.S. and non-U.S. marketing of Capstone’s commingled private funds
• Assist with Capstone’s cybersecurity initiatives
• Help build Capstone’s annual compliance training program

DESIRABLE CANDIDATES:

• No less than 10 years’ experience in compliance at a registered investment adviser.
• Candidates should have direct experience with trade compliance, regulatory reporting (preferably on
  a global scale) and leading a compliance annual review.
• Knowledge of derivatives strategies and familiarity with complex financial products is helpful.
• Bachelor’s degree from a reputable college or university.
• JD, MBA or CPA preferred, but not required.

BASE SALARY RANGE

$110,000 – $190,000 USD

Capstone are looking to appoint a new Risk Developer to play a critical role in our mission to build a world-class risk platform to drive understanding and empower decisions on Risk, Performance, Margin and Capital Allocation. 
You will work as part of our Risk Development team providing key assistance to the Chief Risk Officer (CRO), Chief Technology Officer (CTO) and the Capstone Investment Committee.
The ideal candidate would have exceptional technical skills and a strong interest in Pricing & Risk. The role offers great exposure to the many and varied aspects of a hedge fund, and you will be expected to be a good communicator, a strong team player, an open-minded collaborator and able to bring your own and others innovative ideas to life.
This is an excellent opportunity for a highly motivated individual with a passion for risk management and technology to join a leading hedge fund and work with a team of experienced professionals in a dynamic environment. We offer a competitive salary and benefits package, as well as opportunities for professional growth and career advancement.

RESPONSIBILITIES:

• Develop and maintain the risk modelling, pricing, and analytics suite to enable effective decision making by Risk, Portfolio Managers, and the Investment Committee
• Assist Risk Managers to identify, evaluate and manage the risks of trading strategies across multiple asset classes including Equities, Fixed Income, Credit and FX
• Implement and maintain risk models and perform back-testing and stress testing to ensure the accuracy and effectiveness of risk management & trading strategies.
• Proactively explore and develop new tools & approaches to understanding the data and analytics across the differing asset classes

DESIRABLE CANDIDATES:

• Bachelors or Master’s degree in Computer Science, Mathematics, Statistics or related field
• 2 – 8 years of experience in software development within a hedge fund, investment bank or other financial institution
• Strong programming skills in Python, C++, and Java, and experience with SQL and database management systems
• Strong analytical and quantitative skills, and experience in statistical analysis, data modeling or machine learning desirable
• High levels of motivation and continually seeking to improve the performance of self and supportive of others to perform
• A collaborative team player, systematic, rigorous with an exceptionally high attention to detail 
  
• Experience of Cloud Based Computing highly desirable

BASE SALARY RANGE

$120,000 – $210,000 USD depending on experience

The Treasury & Portfolio Finance team is responsible for the firm’s financing, margin, cash and collateral, liquidity, FX hedging, and counterparty relationships. The team focuses on implementing technology solutions to build highly efficient and scalable processes.  You will gain exposure to most asset classes and the underlying derivatives, including equities, fixed income, FX, commodities, and credit. This is a hybrid role that includes elements of portfolio management, execution, operations, IT, legal, risk, and relationship management.

RESPONSIBILITIES:

•    Execute trades that will include cash equities, equity derivatives, futures, options, Treasuries and other sovereign bonds, Repo and FX
•    Develop and implement financing optimization models to improve margin and cost across multiple asset classes and legal agreements
•    Provide pricing, margin, and financing market color to Portfolio managers 
•    Grow and develop counterparty relationships with the investment bank and broker-dealer community
•    Assist in cash and collateral management to optimize balance sheet usage, excess liquidity, FX exposure and margin posted with prime brokers and exchanges
•    Develop analytics and reports to monitor counterparty metrics, funding markets and Treasury Pnl 
•    Work closely with Operations and Middle Office teams to streamline processes and improve back-office workflow
•    Work closely with IT to develop and enhance front-end trading systems
•    Generate an understanding of and provide backup coverage for core Treasury portfolio management and trading strategies, including Equity and Fixed Income Relative Value and Delta-One Arbitrage

DESIRABLE CANDIATES: 

•    Bachelor's degree required, Finance, Economics, Computer Science, or related field
•    1-3 years’ experience at an Investment Bank or Asset Manager
•    Advanced technical skills in Excel, VBA, and SQL
•    Programming knowledge is a plus (Python, C#)
•    Ability to work with a sense of urgency in a fast-paced environment
•    Effective communication and interpersonal skills
•    Strong analytical and problem-solving skills