At Franklin Templeton, we’re driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients’ achievements.

Come join us in delivering better outcomes for our clients around the world!

Department Title: Undergrad Intern – Global Fund Admin & Oversight

Location: The intern candidate must be based in Ft. Lauderdale, FL, Rancho Cordova, CA, or  NYC, NY this summer, and be able to commute into the office on a Hybrid basis.  

Position Summary: 

Franklin Templeton Services (“FTS”) provides the following services globally:

• Fund administration and service provider oversight
• Institutional and separate account administration
• Investment operations and services
• Project support and shared services for back and middle office applications

FTS boasts a workforce of over 1,000 employees across 14 countries, servicing more than 1,100 funds globally, including Retail Funds, ETF’s and Private Funds. The Global Fund Administration & Reporting (“GFAR”) team within FTS Global Fund Administration & Oversight is primarily responsible for:

• Oversight of various third-party administrators and vendors
• NAV and Distribution Oversight
• Financial Reporting Oversight
• Ensure adherence to Accounting Standards and Regulatory Rules
• Oversight over Regulatory filings
• Funds Boards and Audit Committees Reporting and Management
• Support of Product Events (i.e., fund launches, liquidations, mergers, etc.)

Our cultural priorities are: Engage, Innovate and Own it! 

This year, some of our key goals and initiatives include focusing on organization and client needs (completing the integration of the Putnum Funds and supporting product launches/events), enhancing digital tool capabilities (GenAI, data science/analytics, and business intelligence), and standardizing our operating model (optimizing costs, improving efficiency, and reducing risk). GFAR will continue digitizing work through the expanded use of digital tools (i.e., Alteryx, Power Automate), executing GenAI use cases to improve oversight processes (i.e., Financial Reporting oversight), completing the integration and transition of the Putnam Funds, and implementing operating model enhancements.

Our team values contribution and innovation and is looking forward to collaborating with interns who want to learn, add value and be innovative!

Team Culture:

Our team’s purpose is “To be a value-add business partner by providing solutions to support the Franklin Templeton funds through innovation, execution and risk management.” 

The GFAR team collaborates with various stakeholders outside of FTS, including Portfolio Managers, Legal Counsel, Compliance Officers and Marketing professionals. This collaboration provides valuable input into other administrative areas of the funds that these stakeholders are involved in.

A Global Fund Admin & Oversight Intern at Franklin Templeton can expect to learn:

By the end of the summer, our interns will have gained valuable insights into the operations of investment companies and mutual funds, and will have a comprehensive understanding of mutual fund administration and oversight functions.

Key Responsibilities Can Include:

Over the course of the summer, our interns will assist the department in various oversight functions related to our key responsibilities and in achieving our goals around digitization and operating model enhancements. This may involve:

• Reviewing processes for efficiency and automation improvements,
• Helping to build and implement these enhancements using digital tools.
• Reviewing practices and policies for harmonization opportunities. 

Ideal Qualifications:

• Entering your junior or senior year of your undergraduate program
• Pursuing a degree in Finance, Accounting, or Economics
• Excellent verbal and written communication skills
• Strong attention to detail and analytical abilities
• Capable of working independently with minimal guidance
• Familiarity with digital automation tools, including digital literacy and analysis
• Eagar to learn and add value
• Innovative mindset

Ready to make moves? Apply today!

When applying, please be sure to attach your resume. Applications without a resume file attachment will not be reviewed.

Due to the large volume of applications anticipated, we may not be able to personally contact every applicant. If you are interested in applying to more than one Franklin Templeton internship, please apply for other internships that pique your interest.

Compensation Range: This is a full-time internship where students will work approximately 35-37.5 hours per week and earn competitive hourly pay of $24-$30 USD per hour. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. 

What makes Franklin Templeton unique?

We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture, and is an important element of how we achieve success.

We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals.

Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at Franklin Templeton Careers to learn more about our company, career opportunities and recruitment process.

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to accommodations@FranklinTempleton.com . In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.

Experience our welcoming culture and reach your professional and personal potential!

Salary : $24 - $30