Fixed Income Operations Analyst

Vestmark, Inc. • Wakefield, MA

6h • Hybrid

About The Position

Vestmark’s Outsourced Services (VOS) team is seeking a Fixed Income Operations Analyst with strong experience in fixed income products, trade workflows, and settlement processes to support our Outsourced Service Clients in Wakefield, MA. In this hands-on, client-facing role, you will oversee the operational management of fixed income accounts, ensuring accurate reconciliation, timely settlement, proper corporate action processing, and high-quality data integrity across all fixed income securities. The role requires daily processing, issue investigation, and proactive communication with brokers, custodians, portfolio managers, and internal operations and technology teams to maintain accurate fixed income workflows, strong operational controls, and high-quality client service.

Requirements

• 2–4 years of experience in managed accounts, investment operations, or a similar financial services role.
• Deep product knowledge across all major fixed income security types (e.g., Treasuries, corporates, municipals, agencies, MBS/ABS, money markets).
• Strong understanding of the trade lifecycle, from execution and allocation through confirmation, settlement, and post-trade reporting.
• Knowledge of settlement market infrastructure, including custodians, clearing houses, depositories
• Proven ability to communicate effectively with executing brokers, portfolio managers, custodians, and internal stakeholders to resolve trade discrepancies and settlement issues.
• Demonstrated ability to work collaboratively within a team environment while also being able to work independently and exercise sound judgment.
• Familiarity with Separately Managed Accounts (SMAs), including account structures, workflows, and operational requirements.
• Advanced desktop skills, particularly Microsoft Excel (pivot tables, lookups, formulas; VBA a plus).
• BA/BS degree required

Nice To Haves

• Experience with the Vestmark platform is a strong plus.

Responsibilities

• Develop a strong understanding of the team’s processes, sponsor relationships, workflows, and systems used to support managed accounts.
• Perform account-level reconciliations, including cash, positions, transactions, and tax lots, ensuring accuracy and completeness.
• Monitor and manage settlement cycles and escalating issues when necessary to avoid fails.
• Perform fail management, including tracking unsettled trades, researching causes, and mitigating potential penalties or buy-in risks.
• Collaborate and communicate with internal teams (trading, reconciliation, COAC) as well as external counterparties (brokers, custodians, managers) to resolve settlement and operational issues.
• Oversee corporate actions related to fixed income securities such as calls, redemptions, interest payments, and other mandatory and voluntary events.
• Participate in special projects, including platform enhancements, workflow improvements, and system upgrades.
• Support new client onboarding and new fixed income manager onboarding, ensuring accurate setup and seamless integration into operational workflows.

Benefits

• In addition to base salary, Vestmark offers a comprehensive total rewards package, which includes equity-based grants for all new hires, company-paid medical premiums of 90%, a competitive time-off program, and other variable compensation, if eligible.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level