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Operations Associate Analyst (Entry-level)

Entry-level operations role supporting managed account services in Wakefield, MA.
Vestmark, Inc.
Hybrid
On-Site
United States
Undisclosed salary
Job Description
Vestmark is seeking an Operations Associate Analyst to join its Outsourced Services (VOS) team in Wakefield, MA. This role involves supporting various managed account business operations services across multiple clients. The ideal candidate will have 0-2 years of experience and a strong understanding of financial operations.

Responsibilities:
  • Gain a high understanding of the team’s processes, sponsor relationships, and systems used to support clients.
  • Support processing and documentation for new account opening, account maintenance, terminations, funding, as well as indexing and archiving documents
  • Perform account level reconciliation – Cash, Positions, transactions, tax lots
  • Identify & resolve break discrepancies accurately and efficiently, to ensure accounts are ready for trading
  • Daily monitoring of Reference Data, Pricing, and Corporate Actions (both mandatory and voluntary)
  • Understanding various security types, security pricing, and security type mappings
  • Tracking, understanding, and processing of mandatory and voluntary corporate actions
  • Monitoring daily and monthly performance (account and composite level)
  • Assist with the analysis and research of issues affecting performance returns and outliers
  • Participate in special projects as the need arises to accommodate new products and platforms
  • Support new client onboarding efforts
  • Assist in testing of system functionality for regular platform upgrades
  • Work collaboratively with team and sponsors to resolve exceptions across all functions and clients

Requirements:
  • 0-2 years of experience in managed account or operations
  • Ability to work effectively in a team environment
  • Ability to work independently and demonstrate good judgment
  • Knowledge and understanding of Financial Operations
  • Knowledge of Separately Managed Accounts
  • Advanced desktop skills, especially Excel
  • Experience with Vestmark platform a plus

Vestmark offers:
  • Opportunity to work in a fast-paced environment
  • Chance to collaborate with cross-functional teams
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Vestmark, Inc.

Vestmark is a financial technology company specializing in wealth management solutions. It provides a comprehensive platform for advisory firms, broker-dealers, and other financial institutions. Vestmark's core offerings include portfolio management, trading, compliance, and reporting tools. The company supports various account types and investment strategies, focusing on automation, efficiency, and customization. Vestmark's services enable financial professionals to streamline operations, enhance client service, and scale their businesses. They emphasize innovation and client collaboration to deliver tailored solutions for the evolving wealth management landscape.

All Jobs at Vestmark, Inc. (10)