Investment Services Associate

New York Life•New York, NY

2d•$75,000 - $106,500•Hybrid

About The Position

New York Life Investment Management (NYLIM) is seeking a detail-oriented and proactive Investment Services Associate to join its Asset Servicing team. The role supports the ongoing maintenance and accuracy of assets in the statutory accounting system and key operational processes that protect data integrity throughout the investment lifecycle. The position is hybrid, with four days per week at the designated work location.

Requirements

Bachelor of Science in Business Administration or Finance.
2–4 years of investment services experience supporting fixed income, derivative, and/or residential mortgage loan products.
Solid understanding of cash management processes.
Experience working with custodians, counterparties, and/or third-party service providers.
Ability to interpret and reconcile complex data sets and transaction flows.
Ability to manage time, meet deadlines, and adapt to changing priorities.
Good oral and written communication skills.
Excellent interpersonal, teamwork, and client service skills.

Nice To Haves

Experience with Bloomberg, Aladdin, and AI tools.
Strong technical skills.

Responsibilities

Reconcile settlements, principal, interest, and other investment-related payments to ensure accuracy and timeliness.
Analyze and process corporate action events and maintain accurate asset data in the statutory accounting system.
Monitor and validate cash balances across multiple accounts and systems to ensure alignment and proper cash movement.
Identify operational gaps, inefficiencies, and reconciliation issues, and escalate items appropriately.
Recommend and support process improvements to enhance accuracy, streamline workflows, and reduce operational risk.
Collaborate with internal and external partners across Investment Accounting, Operations, and Technology as needed.