Trading Infrastructure and Risk, Currency Forward Specialist Co Op

Wellington Management Company; Boston (MA); Hybrid; USD 29,000 - 48,000; Full time

Benefits offered by this job

Retirement plan

Health and wellbeing coverage

Dental coverage

Vision coverage

Pharmacy coverage

Health savings account

Commuter program

Employee assistance program

Life and disability insurance

Tuition/CFA reimbursement

Paid time off

Job summary

Wellington Management Company invites applications for a Currency Forward Specialist Co-op in Trade Operations. Based in Boston, you will support CLS matching on FX trades, work closely with custodians and brokers, and help improve post-trade processes in a global market environment.

You will gain exposure to industry applications like Global Link GTSS, CLS Dashboard, and Omgeo, while developing communication with traders, sales assistants, brokers, and custodians worldwide.

Qualifications

• Proficient in MS Office applications.
• Excellent written and verbal communication skills.
• Strong organizational and time management skills; detail-oriented.
• Interest and understanding of financial markets and products is a plus.
• Ability to multi-task in a fast-paced environment.

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.

Skills

MS Office

Communication

Organization

Interest in financial markets

Multi-tasking

Job description

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 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

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.

We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skills, 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 [e-mail].

Compensation

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.

Benefits

• Retirement plan
• Health and wellbeing coverage
• Dental coverage
• Vision coverage
• Pharmacy coverage
• Health savings account
• Flexible spending accounts
• Commuter program
• Employee assistance program
• Life and disability insurance
• Adoption assistance
• Back‑up childcare
• Tuition/CFA reimbursement
• 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.

Tracing our history to 1928, Wellington Management is one of the world’s largest independent investment management firms. We serve as a trusted adviser to clients in over 60 countries, visit our website to see our assets under management. 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‑m‑atter expertise. 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.