Associate Investment Operations Analyst

Thrivent; Minneapolis (MN); On-site; USD 52,000 - 76,000; Full time

Job summary

Thrivent is seeking an Associate Investment Operations Analyst in Minneapolis to support day-to-day trade lifecycle tasks and client reporting. You will learn core investment operations concepts while ensuring accurate data and smooth processing across multiple asset classes.

The role emphasizes collaboration with senior analysts, a detail-oriented mindset, and the ability to work within a regulated environment. This entry-level position offers growth in a dynamic investment operations team.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, or related area.
• Strong analytical and problem-solving skills.
• Ability and eagerness to work collaboratively in a team environment.
• Effective written and verbal communication skills.

Responsibilities

• Provide operational support for equity, fixed income, derivatives, private equity, and investment strategy transactions, ensuring accurate trade verification, affirmation, and settlement.
• Reconcile trades, positions, and cash balances across multiple asset classes; monitor and escalation of discrepancies or breaks as needed.
• Maintain accurate investment data in internal systems and portfolio accounting platforms; support updates driven by operational processes.
• Process corporate actions, income collections, variation margins, collateral, and settlements; ensure proper handling and reconciliation.
• Generate and distribute investment-related reports and operational dashboards; assist in preparing documentation for audits and internal reviews.

Skills

Analytical thinking

Team collaboration

Communication skills

Education

Bachelor's degree in Finance, Accounting, Economics, or related area

Tools

Excel

Job description

We exist to help people achieve financial clarity. At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they’ve been given.
At our core, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today—and tomorrow.

Job Summary

The Associate Investment Operations Analyst is an entry‑level role that supports day‑to‑day operational processes related to the trade lifecycle and client reporting under the guidance of senior analysts. This position opens the door to a dynamic learning environment, where you'll engage with a variety of investment products and systems while building essential operations expertise.
This role supports Thrivent’s investment process by executing routine middle office functions. This includes trade and corporate action processing, collateral and cash management, multi‑managed fund transaction support, class action claim handling, and operational support for derivatives and securities lending activities.
The analyst ensures accuracy in data and assists in maintaining smooth functioning of investment operations. This role is ideal for individuals beginning their career in the investment operations industry.
Success in this role requires working well in a team environment, strong partnership with senior operations analysts and the curiosity to learn and apply core foundational investment operations concepts in executing routine tasks and analytics with accuracy.
Thrivent's Investment Operations function performs middle office work including analytics to execute the trade, reporting, process infrastructure and post‑trade execution support. This team is a critical link enabling the front office to focus on investment strategies and client relations and provides the back office with accurate data for reconciliation and accounting.

Job Responsibilities and Duties

Investment Operations & Trade Support

• Provide operational support for equity, fixed income, derivatives, private equity, and investment strategy transactions, ensuring accurate trade verification, affirmation, and settlement.
• Reconcile trades, positions, and cash balances across multiple asset classes; monitor and escalation of discrepancies or breaks as needed.
• Maintain accurate investment data in internal systems and portfolio accounting platforms; support updates driven by operational processes.
• Process corporate actions, income collections, variation margins, collateral, and settlements; ensure proper handling and reconciliation.

Relationship Management and Communication

• Communicate time‑sensitive information to portfolio managers, traders, brokers, custodians, fund accountants, and internal stakeholders.
• Liaise with external partners including brokers, custodians, and vendors to maintain strong working relationships and resolve issues.

Process Improvement

• Participate in onboarding new accounts and custodial setups; contribute to process documentation and continuous improvement initiatives.
• Support system enhancements, automation efforts, and cross‑functional projects to streamline operations and improve efficiency.

Reporting & Compliance Support

• Generate and distribute investment‑related reports and operational dashboards.
• Assist in preparing documentation for audits and internal reviews.
• Ensure adherence to internal controls, compliance policies, and investment guidelines.

Leadership Competencies

Model Thrivent’s leadership competencies – Model the Way, Rally the Team, and Deliver Outcomes.
Support and/or develop an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients. Shape and/or support a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent’s trust and reputation remain strong with its clients.

Job Qualifications

Required:

• Bachelor's degree in Finance, Accounting, Economics, or related area.
• General knowledge of investment operations analyst work.
• Ability and eagerness to work collaboratively in a team environment.
• High level of intellectual curiosity and continuous learning mindset to learn and gain investment industry knowledge.
• Basic proficiency in using Microsoft Office Suite with emphasis on Excel and data management tools.
• High level of organization, time management and attention to detail with ability to follow structured processes.
• Strong analytical and problem‑solving skills.
• Effective written and verbal communication skills.
• Ability to work under p