Boston, Massachusetts, United States
Hybrid
WELLINGTON MANAGEMENT
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 50 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
THE COMPANY
Tracing our roots to 1928, Wellington Management Company, LLP (WMC) is one of the world’s largest independent investment management firms. With over $1 trillion in assets under management, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 60 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject- matter expertise.
THE POSITION
The Currency Forward Specialist Co-op will be a member of Trade Operations within Investment Operations. Trade Operations is
responsible for supporting the firm’s domestic and international post-execution trade activities. The primary responsibility of the Currency Forward Specialist Co-op is to ensure matching in Continuous Linked Settlement (CLS) for settlement of foreign exchange (FX) trades. They will work closely with custodian banks and broker-dealers to resolve late settlement issues or any post trade discrepancies. The Co-op will also work on other tasks and projects within the group to enhance daily processes.
The student will gain valuable expertise in trading and settlement practices associated with today’s global financial markets. The undergraduate will develop communication skills through interaction with traders, sales assistants, brokers, and custodian banks across the globe. The Co-op will also have the opportunity to become proficient in industry applications such as Global Link GTSS, CLS Dashboard, and Omgeo Products. The competencies acquired while working in Trade Operations are highly desirable in a competitive job market.
RESPONSIBILITIES
Work with FX brokers, traders, sales assistants and custodians to ensure timely and accurate cash payments relating to foreign exchange
Monitor all CLS FX trade activity and ensure all eligible trades are matched in a timely fashion
Work with custodians and brokers to resolve issues related to settlement of FX trades
Help with the weekly review of physical mail
Ad hoc project work
QUALIFICATIONS
Proficient in all MS Office applications
Excellent written and verbal communication skills
Strong organizational and time management skills and attention to detail
Interest and understanding of financial markets and products is a plus
Ability to multi-task and work in a challenging fast-paced environment
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Please note: This co-op position entails cross-training to ensure optimal performance across functions. The anticipated start date for accepted candidates is December 2026/January 2027.
Only Northeastern University students are eligible for this program.
JOB TITLE
Trading Infrastructure and Risk, Currency Forward Specialist Co OpLOCATION
280 CongressNot sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.
As an equal opportunity employer, Wellington Management considers all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com
At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
$19-$35 per hourThis range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.
Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time).
We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.
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