Senior Associate, Payroll & Benefits

Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation  for discovering unique market opportunities.

Tower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization.

Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance.

At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do — combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best.

At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.

Responsibilities:

Performing end-to-end processing of monthly multi-country payrolls in India and APAC (Singapore, China, Hong Kong, Australia and Japan) including scheduling and timelines, collection of information, analysis, input, reconciliation, funding, reporting and follow-up

Keeping the regional and global team abreast of changing payroll and benefits laws in country

Completing and auditing tax filings as required by government

Producing payroll and compensation reports as scheduled for various departments and assisting with participation in special surveys

General ledger reporting process including preparing, auditing, and delivering files to Accounting

Coordinating with HR for onboarding, offboarding, and maintaining the relevant systems for electronic personnel and compensation data

Collecting and processing new hire documentation and maintaining employee files to ensure compliance

Ensuring labor law compliances are adhered to in the region

Helping strategize on payroll best practice, and implementing policy/procedures that ensure ongoing risk controls

Owning the Payroll and Benefits email inbox, and being the first point of contact to assist employees with daily questions

Assisting with the annual benefits renewal and enrollment process, and liaising with vendors to resolve employee benefit matters and maintain data integrity

Preparing monthly benefits reports for 3rd party insurers, and auditing/processing monthly invoices (GTL, GPA, Health Insurance etc.)

Reviewing benefits carrier connection uploads and investigating any errors

Working with the global team and consultants to find valuable benefit plans for the Tower companies in the APAC and India region

Supporting our global benefits initiative by competitive marketing

Providing demographic information, and analytics to that will be used to manage the global benefits platform

Coordinating and delivering benefits information sessions and workshops for new hires, annual enrollment and ongoing benefits acclimation

Producing and auditing benefits billing reconciliations and assist with participation in special surveys

Ensuring benefits compliance according to country laws

Managing the data integrity of 3rd party vendor data (i.e., health census data, enrollments, salaries for life assurance coverage)

Serving as a liaison with benefits providers to help resolve employee claims

Qualifications:

4+ years of HR experience in Payroll and Benefits

Specific knowledge of APAC/India payroll is a must

Knowledge of Workday is a plus

Payroll and/or benefits implementation experience a plus

Ability to execute processes and tasks with little supervision

Ability to maintain confidentiality and respond effectively to such situations

Strong communication skills and ability to simplify complex payroll and benefits material

Strong Excel skills and knowledge of any well-known payroll and benefits systems

Aptitude to learn and understand new software and applications quickly

Benefits

Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world.

At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive – without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.
Our benefits include:

Generous paid time off policies

Savings plans and other financial wellness tools available in each region

Hybrid working opportunities

Free breakfast, lunch, and snacks daily

In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)

Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)

Volunteer opportunities and charitable giving

Social events, happy hours, treats, and celebrations throughout the year

Workshops and continuous learning opportunities

At Tower, you’ll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work – together.

Tower Research Capital is an equal opportunity employer.