Description

Location Designation: Hybrid - 4 days per week

The entry level associate will carry out daily assignments by following the written procedures and escalating issues timely to management. The role requires frequent interaction with Traders, Counterparties, and Custodians and internal teams within Investment Services.

What You'll Do:

• Confirm trade details, provide trade allocations, and work with Trading Desk and Counterparties to rectify any trade discrepancies
• Reconcile all trade activity pre/post settlement date
• Create outgoing wire requests for Private and OCIO teams
• Liaise with the Traders, Treasury, and Custodian Banks on all settlement matters
• Analyze and resolve exceptions, reconciliation differences, and issues
• Learn and maintain a working knowledge of all functions performed by the group to provide back up as necessary
• Develop and update detailed functional procedures
• Develop and present ideas for procedural changes to enhance efficiency, reduce costs, and/or improve controls
• Assist with testing plans and document results

What You'll Bring:

• College degree in a Business related field required
• Open to recent college graduate with internship experience
• GPA of 3.4 and above required
• 1+ years of Settlement Operation's experience in an Insurance Company or Investment Management firm is a plus
• High competence level with Microsoft Office tools

Pay Transparency

Salary Range: $57,500-$82,500

Overtime eligible: Nonexempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Company Overview

At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.

Our diverse business portfolio creates opportunities to make a difference across industries and communities-inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you'll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.

As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what's next, and your growth powers it.

Our Benefits

We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site .

Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life's leadership in this space.

Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com .

Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.

Job Requisition ID: 93105

Requisition #: 39391459

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