Capital Markets Associate

Betterment•New York City, NY

1d•Hybrid

About The Position

The Capital Markets Associate works on Betterment’s Capital Markets team, which supports daily business processes and new feature development for the company’s portfolio management, custody, and trading platforms. The role uses subject matter knowledge and quantitative rigor to propose, coordinate, and drive projects relating to research and development of Betterment’s trading systems. The associate is expected to collaborate effectively, improve system efficiency, and help maintain compliance with applicable regulatory frameworks. Modern AI tools are used for analysis, documentation, research, coding, and workflow automation, with the employee expected to independently review outputs and use approved tools appropriately. This position is based in Betterment’s New York City office. The company describes its NY-based positions as hybrid, with four days per week in the office and no required office days during summer and winter holidays. The listed New York City base salary range is $120,000–$135,000, and the role may also be eligible for a company incentive bonus.

Requirements

Experience in financial services, software, or consulting, contributing to the development and analysis of complex systems, particularly financial technology products.
Interest in capital markets and curiosity about trading systems, market data, market structure, and regulatory requirements.
Some project management experience and demonstrated success delivering collaboratively.
Experience working with large datasets for data manipulation, with strong attention to accuracy and efficiency.
Hands-on experience using current AI assistants and agentic tools for everyday work, such as drafting queries, analyzing data, and summarizing documents.
Sound judgment about when AI is useful; verify AI-generated analysis and code, understand AI limitations, handle sensitive or regulated information appropriately, and use only firm-approved tools.
Ability to pivot quickly and effectively, with excellent communication skills to engage and align stakeholders.
Series 7 license, or ability to obtain it within three months of hire.

Nice To Haves

Trading experience.
Proficiency in SQL, Python, or similar languages.
Familiarity with market data concepts such as NBBO and SIP versus direct feeds.

Responsibilities

Help steward Betterment’s order management and execution systems, providing required oversight and intervention during market hours and completing required regulatory reporting.
Collaborate with senior team members to scope, plan, and execute trading-related initiatives, including business case development, testing, and implementation.
Help build and maintain business reporting metrics on execution quality, trade volumes, and cost analytics.
Identify operational inefficiencies and support research and production enhancements to the platform, including automation or streamlining of recurring workflows with AI.
Monitor regulatory developments, including rule filings, industry commentary, and market structure developments.
Draft and maintain team documentation, procedures, and stakeholder updates.
Manage existing relationships with brokers, market data providers, and reporting vendors, and develop and onboard new partners.
Work with cross-functional partners in Investing, Product, Marketing, and Engineering to support capital markets initiatives.