Associate Analyst, Brokerage Operations

Fidelity • Jersey City, NJ

1d • $48,000 - $91,000

About The Position

The Accounts Control Associate Analyst analyzes, researches, and monitors exceptions in account balances and helps ensure the accuracy and integrity of reports and the firm’s books and records. The position may be filled as a Senior Representative (level 2) or Associate Analyst (level 3), depending on skills and experience.

The role performs reconciliations on a daily, weekly, monthly, or quarterly basis to identify bookkeeping discrepancies and alert operations management. The associate works with business partners in the Operations and Service Group and Fidelity Capital Markets to research and report account-balance variances, understand their impact on the firm, and determine appropriate remediation. The work supports the accuracy of stock records and broker confirmations, as well as financial and operational reporting required of Fidelity’s broker dealers by regulators.

The position is subject to Fidelity’s evolving onsite working model; onsite expectations vary by role and location. The base salary range is $48,000–$91,000 USD per year, with placement dependent on responsibilities, scope, location, experience, and other factors. Eligible offers may include bonus or other variable compensation. Fidelity does not provide immigration sponsorship for this position.

Requirements

• Bachelor’s degree in Finance or Business required.
• Strong interest in the financial services industry.
• At least 2 years of brokerage operations or stock record experience.
• Ability to read a stock record.
• Knowledge of brokerage operations systems.
• Excellent verbal and written communication and organizational skills.
• Ability to work effectively in a team environment with peers and all levels of management.
• Strong interpersonal skills and attention to detail.
• Strong analytical, research, and problem-solving skills.
• Ability to multitask and prioritize to meet deadlines.
• Ability to enhance reporting processes and systems.
• Intermediate to advanced knowledge of Microsoft Office applications, including Excel, Word, and PowerPoint.

Nice To Haves

• Clearing broker/dealer operations experience preferred.

Responsibilities

• Assist in coordinating quarterly security physical counts.
• Analyze and research stock record and cash breaks to maintain accurate books and records.
• Analyze, research, and report exceptions on the Fails file versus Trial Balance for broker dealers and RVP/DVP accounts.
• Analyze, research, and monitor depository breaks for DTCC and BONY.
• Identify, report, and monitor illogical street-side exceptions.
• Reconcile foreign depository, tri-party, and external custodian accounts to identify differences and ensure resolution entries are processed correctly.
• Prepare and track outgoing quarterly audit broker fail, stock loan/borrow, transfer, conversion, and repurchase agreement confirmation letters.
• Verify and respond to incoming quarterly audit confirmation requests from contra brokers.
• Monitor and track aged BDS/branch deposit stock transfer items.
• Identify control enhancements, risk factors, and opportunities for improvement.
• Interact with external auditors and examiners; research and resolve escalated issues.
• Conduct integrity testing on system-generated reports.
• Assist with operations reporting requirements and analysis.
• Help innovate and enhance automation of processes and reporting.
• Collaborate on special projects and ad hoc requests.

Benefits

• Comprehensive health care coverage.
• Emotional well-being support.
• Market-leading retirement benefits.
• Generous paid time off.
• Parental leave.
• Charitable giving employee match program.
• Educational assistance, including student loan repayment, tuition reimbursement, and learning resources for career development.
• Eligible positions may include a bonus or other variable compensation.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level