Capital Markets Associate
Capital Markets Associate
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$ 110000 - 130000
1 Vacancy
Job Description
About Betterment
Betterment is a leading technologydriven financial services company that offers investing and retirement solutions for retail investors and investment advisors as well as financial wellness solutions including a 401(k) for small and mediumsized businesses. Our team is passionate about our mission: making peoples lives better. Were headquartered in NYC and offer hybrid NYbased positions (three days/ week inoffice).
About the role
The Capital Markets team sits at the crossroads of daily business processes and new feature development for the inhouse portfolio management custody and trading platforms. As a Capital Markets Associate you are excited to use both your subject matter expertise and quantitative rigor to propose coordinate and drive key projects relating to the ongoing research and development of the Betterment trading systems. To be successful in this role you will be both processorientedresultsfocused curious and eager to learn. Well look to you to be iterative and a successful collaborator bringing innovation and efficiency to our systems while ensuring continual compliance with relevant regulatory frameworks.
This role is based out of our NYC office. Below weve reflected the base salary range we would offer for this position. Actual salaries may vary depending on factors including but not limited to location experience and performance. The range listed is just one component of Betterments total compensation package for employees.
- New York City: $110000 $130000
We offer a competitive equity package health dental and vision benefits life and AD&D shortterm and longterm disability insurance EAP commuter and parking benefits FSA/HSA and 401(k) with employer match as well as a flexible PTO policy. This job may also be eligible for variable compensation in the form of a company incentive bonus. For jobs based out of our NYC HQ we require in office attendance Tuesday through Thursday weekly.
A day in the life
- Help steward Betterments order management and systems with any required oversight and intervention throughout market hours inclusive of all required regulatory reporting
- Collaborate with senior team members to help scope plan and execute tradingrelated initiatives by contributing to business case development testing and implementation.
- Assist in building and maintaining business reporting metrics across quality trade volumes and cost analytics to support decisionmaking across teams.
- Contribute to platform improvements by helping identify operational inefficiencies and supporting research and production enhancements.
- Maintain cutting edge awareness of an ever evolving regulatory environment
- Manage existing external counterparty relationships as well as develop and onboard new partners.
- Work closely with crossfunctional partners including Advice & Investing Product Marketing and Engineering teams to support of capital markets initiatives.
What were looking for
- Experience in financial services (trading strongly preferred) software or consulting contributing to the development of complex systems analysis particularly with respect to financial technology products.
- An interest in capital markets and a curiosity to learn more about trading systems market structure and regulatory requirements.
- Some experience with project management and demonstrated success at collaborative deliverables
- Experience working with large datasets for data manipulation is required with a strong attention to accuracy and efficiency. Proficiency in tools like SQL Python or similar languages is a plus.
- The ability to pivot quickly and effectively coupled with excellent communication skills to engage and align stakeholders throughout the process.
- Series 7 or the ability to obtain the license within 3 months of hire.
What being at Betterment means for you
We change lives
Join a community of innovators working to transform financial outcomes for real people. Your work will make an impact always laddering up to our mission: making peoples lives better.
We set audacious goals
We set them for the company our customers and ourselvesand we wont stop until we reach them. We dont just show up; we give our all then celebrate our wins.
We value all perspectives
When we collaborate were at our best. We believe diverse perspectives lead to better outcomes and strive to uphold our supportive and inclusive community.
We invest in you with:
- A competitive suite of benefits including: medical dental and vision insurance; life and AD&D insurance; STD and LTD benefits including infertility support and World Professional Association for Transgender Health approved benefits; and generous parental leave.
- Flexible paid time off (and encouragement to use it!
- Meaningful opportunity for community building through our 7 Employee Resource Groups
- Empowerment to own and lead change and affect the business
- Dedicated professional development opportunities
- Lunch from our inhouse chef three days a week at our NYC headquarters
What happens next
Well take a few weeks to review all applications. If wed like to spend more time with you well reach out to arrange next steps which will include 34 sets of meetings with your future colleagues.
In the interview process well look to learn more about your skills experiences capabilities and motivators. Many of our questions will be aimed at understanding how you might operate here at Betterment. Depending on the role we may ask you to complete a case study exercise or technical assessments as we want to collect a robust set of data points to better inform our decisions.
On average it takes us around 35 weeks to make a hiring decision depending on your availability and sense of urgency. As a best practice we aim to interview at least 23 final round candidates before making a hiring decision. Please note that as we usually receive an overwhelming number of applications for open positions were unable to offer individual feedback during the interview process.
We recognize that interviewing for a new role is a big deal. We appreciate you considering Betterment as the next step in your career and our Recruiting Team is here to support and advocate for you through the interview process!
Betterment is dedicated to providing accommodations to candidates upon request. If you need accommodations at any point throughout the interview process please reach out to your recruiter.
Please note that in any materials you submit you mayredactor remove ageidentifying information such as age date of birth or dates of school attendance or graduation. You will not be penalized forredactingor removing this information.
Come join us!
Were an equal opportunity employer and comply with all applicable federal state and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees applicants or any other covered persons because of race color religion creed national origin or ancestry ethnicity sex gender (including gender nonconformity and status as a transgender or transsexual individual) sexual orientation marital status age physical or mental disability citizenship past current or prospective service in the uniformed services predisposing genetic characteristic domestic violence victim status arrest records or any other characteristic protected under applicable federal state or local law.
EVerify Statement
Betterment participates in EVerify. We will provide the Social Security Administration and if necessary the Department of Homeland Security with information from each new employees Form I9 to confirm work authorization. Please note that we do not use this information to prescreen job applicants.
EVerify Notice
EVerify Notice (Spanish)
Right to Work Notice
Right to Work Notice (Spanish)
CPRA Language CA Applicants ONLY
We collect and store personal information for the purposes of candidate tracking (for this role and future opportunities). The information you provide in the course of completing your application will be kept for up to 24 months. We use tools provided by thirdparty service providers but do not share candidate information for any purpose other than for recruiting. To access the data that is collected request deletion or to make updates to your candidate profile please email .
Required Experience:
IC
Employment Type
Full Time
