Capital Markets Associate
About Betterment
Betterment is a leading, technology-driven financial services company that offers investing and retirement solutions for retail investors and investment advisors as well as financial wellness solutions, including a 401(k) for small and medium-sized businesses. Our team is passionate about our mission: making people’s lives better. We’re headquartered in NYC and offer hybrid NY-based positions (three days/ week in-office).
About the role
The Capital Markets team sits at the crossroads of daily business processes and new feature development for the in-house portfolio management, custody, and trading platforms. As a Capital Markets Associate, you are excited to use both your subject matter expertise and quantitative rigor to propose, coordinate, and drive key projects relating to the ongoing research and development of the Betterment trading systems. To be successful in this role, you will be both process-oriented,results-focused, curious, and eager to learn. We’ll look to you to be iterative and a successful collaborator, bringing innovation and efficiency to our systems while ensuring continual compliance with relevant regulatory frameworks.
This role is based out of our NYC office. Below we've reflected the base salary range we would offer for this position. Actual salaries may vary depending on factors including but not limited to location, experience, and performance. The range listed is just one component of Betterment’s total compensation package for employees.
- New York City: $110,000 - $130,000
We offer a competitive equity package, health, dental and vision benefits, life and AD&D, short-term and long-term disability insurance, EAP, commuter and parking benefits FSA/HSA, and 401(k) with employer match as well as a flexible PTO policy. This job may also be eligible for variable compensation in the form of a company incentive bonus. For jobs based out of our NYC HQ, we require in office attendance Tuesday through Thursday, weekly.
A day in the life
- Help steward Betterment’s order management and execution systems with any required oversight and intervention throughout market hours, inclusive of all required regulatory reporting
- Collaborate with senior team members to help scope, plan, and execute trading-related initiatives by contributing to business case development, testing, and implementation.
- Assist in building and maintaining business reporting metrics across execution quality, trade volumes, and cost analytics to support decision-making across teams.
- Contribute to platform improvements by helping identify operational inefficiencies and supporting research and production enhancements.
- Maintain cutting edge awareness of an ever evolving regulatory environment
- Manage existing external counterparty relationships as well as develop and onboard new partners.
- Work closely with cross-functional partners, including Advice & Investing, Product, Marketing, and Engineering teams, to support execution of capital markets initiatives.
What we’re looking for
- Experience in financial services (trading strongly preferred), software, or consulting, contributing to the development of complex systems, analysis, particularly with respect to financial technology products.
- An interest in capital markets and a curiosity to learn more about trading systems, market structure, and regulatory requirements.
- Some experience with project management and demonstrated success at collaborative deliverables
- Experience working with large datasets for data manipulation is required, with a strong attention to accuracy and efficiency. Proficiency in tools like SQL, Python, or similar languages is a plus.
- The ability to pivot quickly and effectively, coupled with excellent communication skills to engage and align stakeholders throughout the process.
- Series 7 or the ability to obtain the license within 3 months of hire.
What being at Betterment means for you
We change lives
Join a community of innovators working to transform financial outcomes for real people. Your work will make an impact, always laddering up to our mission: making people's lives better.
We set audacious goals
We set them for the company, our customers, and ourselves—and we won’t stop until we reach them. We don’t just show up; we give our all, then celebrate our wins.
We value all perspectives
When we collaborate, we're at our best. We believe diverse perspectives lead to better outcomes and strive to uphold our supportive and inclusive community.
We invest in you with:
- A competitive suite of benefits, including: medical, dental, and vision insurance; life and AD&D insurance; STD and LTD benefits, including infertility support and World Professional Association for Transgender Health approved benefits; and generous parental leave.
- Flexible paid time off (and encouragement to use it!)
- Meaningful opportunity for community building through our 7 Employee Resource Groups
- Empowerment to own and lead change and affect the business
- Dedicated professional development opportunities
- Lunch from our in-house chef three days a week at our NYC headquarters
What happens next
We’ll take a few weeks to review all applications. If we’d like to spend more time with you, we’ll reach out to arrange next steps, which will include 3-4 sets of meetings with your future colleagues.
In the interview process, we’ll look to learn more about your skills, experiences, capabilities, and motivators. Many of our questions will be aimed at understanding how you might operate here at Betterment. Depending on the role, we may ask you to complete a case study exercise or technical assessments, as we want to collect a robust set of data points to better inform our decisions.
On average, it takes us around 3-5 weeks to make a hiring decision, depending on your availability and sense of urgency. As a best practice, we aim to interview at least 2-3 final round candidates before making a hiring decision. Please note that, as we usually receive an overwhelming number of applications for open positions, we’re unable to offer individual feedback during the interview process.
We recognize that interviewing for a new role is a big deal. We appreciate you considering Betterment as the next step in your career, and our Recruiting Team is here to support and advocate for you through the interview process!
Betterment is dedicated to providing accommodations to candidates upon request. If you need accommodations at any point throughout the interview process, please reach out to your recruiter.
Please note that in any materials you submit, you may redact or remove age-identifying information such as age, date of birth, or dates of school attendance or graduation. You will not be penalized for redacting or removing this information.
Come join us!
We’re an equal opportunity employer and comply with all applicable federal, state, and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex, gender (including gender nonconformity and status as a transgender or transsexual individual), sexual orientation, marital status, age, physical or mental disability, citizenship, past, current or prospective service in the uniformed services, predisposing genetic characteristic, domestic violence victim status, arrest records, or any other characteristic protected under applicable federal, state or local law.
E-Verify Statement
Betterment participates in E-Verify. We will provide the Social Security Administration, and if necessary, the Department of Homeland Security, with information from each new employee’s Form I-9 to confirm work authorization. Please note that we do not use this information to pre-screen job applicants.
E-Verify Notice
E-Verify Notice (Spanish)
Right to Work Notice
Right to Work Notice (Spanish)
CPRA Language - CA Applicants ONLY
We collect and store personal information for the purposes of candidate tracking (for this role and future opportunities). The information you provide in the course of completing your application will be kept for up to 24 months. We use tools provided by third-party service providers but do not share candidate information for any purpose other than for recruiting. To access the data that is collected, request deletion or to make updates to your candidate profile, please email team.hire@betterment.com.
Average salary estimate
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Join Betterment as a Capital Markets Associate and dive into the dynamic world of financial services from our vibrant New York City HQ! In this exciting role, you'll be at the intersection of our daily operations and innovative feature development for our in-house portfolio management, custody, and trading platforms. We pride ourselves on our mission to enhance people’s lives through technology-driven solutions, and we’d love for you to contribute your expertise and quantitative skills to our trading systems. Your day could involve anything from overseeing our order management and regulatory reporting during market hours to collaborating with cross-functional teams to build metrics that inform strategic decision-making. At Betterment, we’re all about creating a culture of innovation, compliance, and strong relationships—whether that’s with external partners or across various teams like Product and Engineering. We’re looking for someone with a background in financial services and a keen interest in capital markets, trading systems, and regulatory environments. Your ability to handle large datasets and project management will play a crucial role in driving system improvements and operational efficiency. With a competitive salary between $110,000 and $130,000, Plus fantastic benefits such as flexible PTO and professional development opportunities, your journey at Betterment promises to be impactful and fulfilling. If you’re ready to make a difference, we can’t wait to meet you!
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