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Wealth Operations Specialist

Eastern Bank Careers
Boston, USA
Full-time
Mid · 4–6 years experience
Onsite
Discovered 6 days ago

Full Job Posting

Responsibilities

  • Account Opening & Maintenance: Processing and secondary review of new and existing accounts, documentation validation, OFAC screening, custodian setup, and data integrity management.
  • Asset Movement & Transfers: Processing and review of internal, external, and complex transfers; resolution of aged and failed items.
  • Cash Management & Banking Operations: Posting of cash, ACH, check, and wire activity; daily and monthly reconciliations; wire investigations.
  • Billing & Fee Administration: Fee setup, maintenance, accruals, adjustments, and review of fee exceptions prior to release.
  • Securities Processing & Corporate Actions: Corporate action elections, class action processing, and settlements, including complex or time-sensitive items.
  • Reconciliations & Reporting: GL variance research and resolution, settlement reporting, and recurring operational reporting.
  • Operational Controls & Compliance: IRS and regulatory compliance, SOP drafting, control testing, audit support, escheatment, BCM activities.
  • Custodian & Vendor Administration: User access, platform administration, vendor monitoring, and change management.
  • Focus Area Ownership and Team Support: Owns assigned specialized focus areas; perform QC review, training and team lead coverage for production deadlines

Requirements

  • 4–6 years of relevant wealth management or financial services operations experience, including proficiency across the core Specialist I functions.
  • Bachelor's degree in Accounting, Finance, or a related field is preferred.
  • Skills/Knowledge
  • Working knowledge of trust and wealth platforms; SEI Wealth Platform and Salesforce experience preferred.
  • Proficient PC skills in Microsoft Office Suite productivity applications, with advanced Excel capability.
  • Strong written and oral communication skill.
  • Highly organized, capable of managing multiple tasks, meeting strict deadlines, and reviewing and training less experienced staff.

Preferred Qualifications

  • Bachelor's degree in Accounting, Finance, or a related field is preferred.
  • Working knowledge of trust and wealth platforms; SEI Wealth Platform and Salesforce experience preferred.

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