Capital Markets Associate

Betterment • New York, NY

2d • $120,000 - $135,000 • Hybrid

About The Position

The Capital Markets Associate works at the intersection of daily business processes and feature development for Betterment’s in-house portfolio management, custody, and trading platforms. The role uses subject matter expertise and quantitative rigor to propose, coordinate, and drive research and development projects for Betterment’s trading systems. The associate helps improve efficiency and innovation while supporting ongoing compliance with applicable regulatory frameworks. Modern AI tools are expected to be used for analysis, documentation, research, and workflow automation, with appropriate human judgment and verification.

This position is based in Betterment’s New York City office and follows a hybrid schedule: four days per week in-office, with no required office days during summer and winter holidays. The listed base salary range is $120,000–$135,000, with possible additional variable compensation through 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 collaborative work.
• 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; ability to verify AI-generated analysis and code, understand limitations, and handle sensitive or regulated information appropriately using 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 with SQL, Python, or similar programming languages.
• Familiarity with market data concepts such as NBBO and SIP versus direct feeds.

Responsibilities

• Help oversee Betterment’s order management and execution systems, including required intervention during market hours and required regulatory reporting.
• Support senior team members in scoping, planning, and executing trading initiatives, including business case development, testing, and implementation.
• Build and maintain business reporting metrics for execution quality, trade volumes, and cost analytics.
• Identify operational inefficiencies and support research and production platform enhancements, including automating or streamlining 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 relationships with external counterparties, including brokers, market data providers, and reporting vendors, and develop and onboard new partners.
• Collaborate with Investing, Product, Marketing, Engineering, and other cross-functional teams on capital markets initiatives.

Benefits

• Medical, dental, and vision coverage.
• Life and AD&D insurance.
• Short- and long-term disability coverage.
• Infertility support and WPATH-aligned transgender health benefits.
• Employee Assistance Program (EAP).
• Transit benefits and FSA and HSA options.
• Equity for all employees, including new-hire and refresher grants.
• Flexible paid time off.
• Paid parental leave.
• Fully paid four-week sabbatical in the employee’s sixth year.
• Company-paid professional coaching for all employees.
• Day-one 401(k) match and matching on qualified student loan payments.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed