Investment Operations Associate


Date: Jun 1, 2023

Location: New York, NY, US

Company: New York Life Insurance Co

Location Designation:  



When you join New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, you are joining a global investment company with a long history and passion for career development, innovation, collaboration, and diversity, equity and inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations. 




The entry level associate will carry out daily assignments by following the written procedures and escalating issues timely to management.  The role requires frequent interaction with Traders, Counterparties, and Custodians and internal teams within Investment Services.  


Description of Responsibilities:

  • Confirm trade details, provide trade allocations, and work with Trading Desk and Counterparties to rectify any trade discrepancies. 
  • Reconcile all trade activity pre/post settlement date
  • Create outgoing wire requests for Private and OCIO teams.
  • Liaise with the Traders, Treasury, and Custodian Banks on all settlement matters.
  • Analyze and resolve exceptions, reconciliation differences, and issues.
  • Learn and maintain a working knowledge of all functions performed by the group to provide back up as necessary.
  • Develop and update detailed functional procedures.
  • Develop and present ideas for procedural changes to enhance efficiency, reduce costs, and/or improve controls.
  • Assist with testing plans and document results.



  • BA/BS in Business Administration with Finance concentration preferred
  • GPA of 3.4 and above required
  • 1+ years of Settlement Operation’s experience in an Insurance Company or Investment Management firm is a plus
  • High competence level with Microsoft Office tools



Salary range: $58,500-$77,500 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 


Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.



Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of

Job Requisition ID: 88805






Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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