Brokerage Operations Associate , ACATS

Alpaca

123d

About The Position

This is an opportunity to join a Fintech firm specializing in many facets of the broker-dealer space. You will help our team by focusing on ACAT transfers. The team is 100% distributed and remote. The role will be reporting directly to one of the Firm’s Director of Operations.

Requirements

• 2+ years of ACATS experience.
• Knowledge of Brokerage Clearing operations.
• Knowledge of Financial industry rules, regulations and laws.
• Possess general knowledge of U.S. securities back office operations of a broker-dealer and/or carrying firm.
• Ability to Identify relationships, draw logical conclusions and interpret results for use in decision making.
• Excellent written and verbal communication skills.
• Ability to work independently with attention to detail as well as collaboratively within a team environment.
• Providing insights for continuously improving our client experience and providing efficiency.
• Ability to work independently in a fast-paced environment with multiple priorities.
• Must be able to follow company tenets of: Stay Curious, Have Empathy, Be Accountable.
• Be able to work in a remote environment.
• Have basic knowledge of SQL, metabase, or other database coding language.
• Easily adapt between Microsoft and Google document and spreadsheet solutions.
• Be flexible to assist other functional areas when necessary.
• Support department initiatives and company vision.
• Must be able to change and adapt to the ever-changing regulatory landscape of the financial industry.
• Possess a Series SIE and 99 or higher securities license or achieve a passing result on the 99 within the first 180 days of employment.

Nice To Haves

• Associate’s degree in a business-related field and a minimum of five (5) years of experience in the areas of ACATS, cash and securities reconciliation, accounting, banking, and/or financial services industry.
• Series 7.
• Experience processing ACATs on DTCC's portal.

Responsibilities

• Work with and offer assistance to internal and external customers with daily incoming and outgoing Account Transfer Requests.
• Assist with rebuilding and formalizing procedures for the transfers process to ensure business continuity.
• Assists the Director in processing ACAT transfers in/out activity and prepare for the transition to self clearing in DTCC.
• Handle communications with Contra firms, and Transfer Agents.
• Process Mass Account Transfers/Conversions (internal and external).
• Serve as the Firm's Subject Matter Expert on Transfers do's and don'ts.
• Research and respond to inquiry tickets regarding Account Transfers.
• Ensures ACAT requests are processed within the firm's timelines for processing and as outlined by industry guidelines.
• Must be familiar with ACAT systems (NSCC), regulations and industry practices that govern both ACATs and non-ACAT transfers.
• Able to identify documentation/processing irregularities and outline corrective measures.
• Assist with documenting procedures and updates processes as needed.
• Process ACAT free deliveries and fail reversals (FRVs).
• Works cross-functionally with other staff to create highly efficient operational processes that avoid control and quality deficiencies and associated monetary losses.
• Driving continuous operational improvement, updating of the control framework and undertaking root cause analysis and trend analysis of operational issues.
• Support the business unit management with the application of policy frameworks and become established as a referral point for policy related queries.
• Assist on automation of daily self-clearing processes collaborating with engineering.
• Prepares summary documentation/work papers for special projects/observations, submitting to management for review.
• Participates on projects as needed.
• Performs other duties and responsibilities as assigned.

Benefits

• Competitive Salary & Stock Options.
• Health Benefits.
• New Hire Home-Office Setup: One-time USD $500.
• Monthly Stipend: USD $150 per month via a Brex Card.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Bachelor's degree
• Number of Employees: 251-500 employees