Wealth Operations Specialist

Eastern Bank; Boston (MA); Híbrido; USD 31.000 - 50.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Benefits package

Retirement plan

Descripción de la vacante

Eastern Bank is seeking a Wealth Operations Specialist in Boston for a hybrid role, 2–3 days on-site. You will process and review daily wealth management operations, including account opening, transfers, cash movements, and fee administration, ensuring accuracy and regulatory compliance.

The role emphasizes quality control, escalation support, and leadership coverage for deadlines, with 4–6 years of experience and a preferred Accounting/Finance degree. A robust benefits package is provided.

Formación

• 4–6 years in wealth management or financial services operations.
• Bachelor's degree in Accounting, Finance, or related field preferred.

Responsabilidades

• Process and review new accounts and maintenance with documentation validation and OFAC screening.
• Process and review internal, external, and complex transfers; resolve aged/failed items.
• Post cash activity (ACH, check, wire); perform daily/monthly reconciliations; investigate wires.
• Set up and review fees; monitor accruals and adjustments; review fee exceptions.
• Handle securities processing, corporate actions, and settlements, including time-sensitive items.
• Conduct reconciliations and reporting; support audit and compliance activities.
• Support SOP drafting, control testing, escheatment, and BCM activities.
• Manage user access, platform administration, vendor monitoring, and change management.
• Provide QC review, training, and coverage for production deadlines.

Conocimientos

Advanced Excel

Communication

Time management

Attention to detail

Educación

Bachelor's degree in Accounting or Finance

Herramientas

SEI Wealth Platform

Salesforce

Microsoft Excel

Descripción del empleo

Hiring Range: $22.74 - $36.55

The posted salary range reflects Eastern's expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information

The Wealth Operations Specialist performs and reviews daily operational functions across the Wealth Management platform, ensuring timely, accurate, and compliant processing of client account and transactional activities. Building on full proficiency in the core Specialist I functions, this role owns one or more specialized focus areas and serves as a day-to-day escalation point and quality control reviewer for less experienced staff. Consistent performance with accurate execution, a keen sense of urgency and deadlines, and end to end vision of data, client, and Bank impact is expected. This is a hybrid role based in Boston 2-3 days per week

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

Requirements:

• 4-6 years of relevant wealth management or financial services operations experience, including proficiency across the core Specialist I functions.

• Bachelor's degree in Accounting, Finance, or a related field is preferred.

Skills/Knowledge

• Working knowledge of trust and wealth platforms; SEI Wealth Platform and Salesforce experience preferred.

• Proficient PC skills in Microsoft Office Suite productivity applications, with advanced Excel capability.

• Strong written and oral communication skill.

• Highly organized, capable of managing multiple tasks, meeting strict deadlines, and reviewing and training less experienced staff.