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Wellington Management

Trading Infrastructure Risk, Bond Forward Co Op

Posted 10 Days Ago
Be an Early Applicant
In-Office
Boston, MA, USA
19-35 Hourly
Entry level
In-Office
Boston, MA, USA
19-35 Hourly
Entry level
Supports post-execution trade operations for bond forward activity by confirming and instructing cash or security movements, coordinating trade settlements with traders, salespeople, broker-dealers, and custodians, researching TBA pairoff activity, reviewing mail, and completing ad hoc projects. The role also includes cross-training and training the incoming co-op student.
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About Us

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 60 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.

About the Role

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 inclusiveness 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 Bond Forward Trade 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 Bond Forward Trade Specialist Co-op is confirming and instructing cash or security movements corresponding to bond forward trade activity. In addition, the student may be asked to work on other ad hoc tasks and projects for the group. 

 

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 and sales assistants, as well as proficiencies in industry applications such as ALERT. The competencies acquired while working in Trade Operations are highly desirable in a competitive job market. 

 

RESPONSIBILITIES 

  • Work with traders, salespeople, and back office personnel at Wellington, broker-dealers, and custodian banks to ensure timely and accurate cash payments and trade settlements related to Bond Forward trading activity 

  • Help with the weekly review of physical mail 

  • Assist with the research and resolution of TBA pairoff activity 

  • Ad hoc project work 

  • Be available to train the incoming co-op at the end of your co-op cycle 

 

QUALIFICATIONS 

  • Proficient in all MS Office applications 

  • Excellent written and verbal communication skills 

  • Strong organizational skills and attention to detail 

  • Ability to multi-task and work in a challenging, fast-paced environment 

........................................................................................................................................................................................................................................................... 

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.

Not 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 ensures that all qualified applicants will receive equal 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 [email protected].

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 hour

This 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.

HQ

Wellington Management Boston, Massachusetts, USA Office

280 Congress St, Boston, Massachusetts, United States, 02210 1023

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