Spring 2027 Fund Treasury Risk and Internal Control Co-op (January-June)

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

MFS is a global investment management firm focused on creating long-term value responsibly by doing what’s right for our clients every day. Our rich history dates to 1924, when our founders invented the mutual fund.  Since then, collaboration and innovation have fueled our success. Our unwavering commitment to finding the best, most durable investment opportunities is what sets us apart – and our success is grounded in our unique approach, disciplined philosophy and collaborative culture.

THE ROLE

Joining our team provides opportunities to share your voice and talents, tackle challenging problems, create solutions and collaborate with dedicated co-workers. This Co-op experience provides participants with a meaningful, relevant work experience as part of their academic studies. In addition to daily responsibilities, participants will have the opportunity to participate in a series of structured activities designed to enhance their learning experience including:

• Co-Op New Hire Orientation

• Senior Leadership Speaker Series

• Social & Networking Events

• Presentation Challenges

At the conclusion of this position, co-ops will have increased their knowledge of investing, the mutual fund industry, employee engagement, and a firm understanding of how corporate finance works at an asset manager.

MFS co-op positions are a 6-month commitment, working Monday – Friday (beginning on Wednesday, January 13th through Friday June 25th, 2027), and work between 35-40 hours.  Our program is designed for undergraduate students who are currently enrolled in a co-op program through their college or university and can meet our requirements.

JOB SUMMARY

Under the direction ofthe Internal Controls Manager, administervarious risk managementand internal control initiatives and activities. Assist Fund Treasury business processowners inidentifyingand documentingkey risksand internal controls, and in developingor updating appropriate policies and procedures. Maintain internalcontrols documentation.Learn about thedaily, monthly andannual processesrelatedto a mutual fund, including assisting Fund Treasury with vendor payments and supporting Accounting Oversight with ad hoc assignments. Learn about accountingand custody agent duediligence, oversight,and assessmenttechniques. Learnabout the purpose and usefulness ofservice organization control reports (SOC 1, SOC 2),including techniques toreview,analyze, summarize, and communicatekey points to management. Assistthe Internal Controls Managerin cross-functional risk,control,and regulatory projects as opportunities arise.

WHAT YOU WILL DO

• Learnsand appliesinternal control techniqueswith respect to Fund Treasury business processes.

• Assistsinidentifying thekey control points of a system oroperational process to ensure that procedures aredeveloped completely, accurately, andin accordancewith MFS standards.

• Learn to effectively evaluate, document, and/or flowchart business processeswith a focus on identifyingkey risksandcontrols.

• Maintain procedures and internal control documentationin DIVA, MFS' proprietary multi-functional database.

• Instruct and coordinate payment instructions to external vendors to ensure payments are made timely and accurately.

• Assists in preparation and monitoring of asset based fees, expense caps, fund expense ratios, expense budgets, and prepares additional deliverables as needed.

• Participate ina wide rangeof projects related to risk and internal control and/orfund accounting & custodyoversight functions.

• Support Accounting Oversight with various ad hoc projects and calculations of fund distributions.

WHAT WE ARE LOOKING FOR

• Astrong interest andwillingness tolearn about thefinancial servicesindustry, particularly mutual funds, securities, and compliance.

• Astrong interest andwillingness tolearn and apply skills relating tointernal control frameworks,the risk assessment process,as well as policyand procedure analysis and/or development.

• Solidanalytical,organizational,writtenandverbal communicationskills.

• Familiaritywith the Sarbanes-Oxley Act (Section 302)helpful.

• Familiaritywith service organization controlreports (SOC 1, SOC 2)helpful.

Hourly Pay Rate: $21.00-$25.00

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or emailtalent_acquisition@mfs.com for assistance. 

MFS is an Affirmative Action and Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited.

#LI-HYBRID

MFS is ahybrid work environment (remote/onsite) unless otherwise stated in the job posting.

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at617-954-5000or emailtalent_acquisition@mfs.com for assistance. 

MFS is an Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Please see theKnow Your Rights: Workplace Discrimination is Illegal document, linked for your reference.