Associate, Custody Operations

Vestwell is looking for a Custody Ops Associate to play an integral part in the day-to-day processing and monitoring of plans on Vestwell’s platform. The role will collaborate cross-functionally with internal stakeholders to provide exceptional service to plan sponsors.

Requirements

• Review incoming cash, wires, and checks coming onto our trust accounting system
• Processing of corrections on a plan and participant level on a daily basis
• Work with sub-custodians to settle trades from the point of booking, through settlement for mutual funds, stable value funds, and ETFs
• Respond to a high volume of complex operational correctional issues for internal teams
• Identify and resolve discrepancies in Cash and Share balances
• Oversee and help ensure other team member action items are completed
• Ensure collaboration with all internal teams to meet expected timelines
• Support the creation and maintenance of written operating procedures related to assigned functions
• Oversee and audit record-keeping and plan administration components
• Monitor deliverables and ensure timely completion of team projects
• Investigate and reconcile discrepancies in data and remediate accordingly

Benefits

• Competitive health coverage
• Generous vacation offering
• 401(k) plan
• Hybrid office policy