Wealth Operations Lead - Hybrid (Boston)

Eastern Bank Careers; Boston (MA); Hybrid; USD 31,000 - 50,000; Full time

Job summary

Eastern Bank Careers in Boston is seeking a Wealth Operations Specialist to perform and review daily wealth management operations. The role focuses on accurate processing of client accounts, transfers, and related activities across the Wealth Management platform, with a strong emphasis on compliance and data integrity.

The position requires 4–6 years in wealth management operations, a degree in Accounting/Finance, and advanced Excel skills, with familiarity in SEI Wealth Platform and Salesforce.

Qualifications

• 4-6 years of wealth management or financial services operations experience.
• Bachelor's degree in Accounting, Finance, or related field preferred.
• Working knowledge of SEI Wealth Platform and Salesforce.
• Advanced Excel capability and MS Office proficiency.

Responsibilities

• Account Opening & Maintenance: Processing and secondary review of new and existing accounts, documentation validation, OFAC screening, custodian setup, and data integrity management.
• Asset Movement & Transfers: Processing and review of internal, external, and complex transfers; resolution of aged and failed items.
• Cash Management & Banking Operations: Posting of cash, ACH, check, and wire activity; daily and monthly reconciliations; wire investigations.
• Billing & Fee Administration: Fee setup, maintenance, accruals, adjustments, and review of fee exceptions prior to release.
• Securities Processing & Corporate Actions: Corporate action elections, class action processing, and settlements, including complex or time-sensitive items.
• Reconciliations & Reporting: GL variance research and resolution, settlement reporting, and recurring operational reporting.
• Operational Controls & Compliance: IRS and regulatory compliance, SOP drafting, control testing, audit support, escheatment, BCM activities.
• Custodian & Vendor Administration: User access, platform administration, vendor monitoring, and change management.
• Focus Area Ownership and Team Support: Owns assigned specialized focus areas; perform QC review, training and team lead coverage for production deadlines

Skills

Advanced Excel

Strong communication

Education

Bachelor's degree in Accounting/Finance

Tools

SEI Wealth Platform

Salesforce

Job description

Eastern Bank Careers in Boston is seeking a Wealth Operations Specialist to perform and review daily wealth management operations. The role focuses on accurate processing of client accounts, transfers, and related activities across the Wealth Management platform, with a strong emphasis on compliance and data integrity.

The position requires 4–6 years in wealth management operations, a degree in Accounting/Finance, and advanced Excel skills, with familiarity in SEI Wealth Platform and Salesforce.