Brokerage Operations Manager
About The Position
Savvy Wealth is a rapidly growing wealth management firm that partners with independent financial advisors, offering them a modern, AI-native platform and a comprehensive business-in-a-box solution. The company is a Series B startup with approximately 150 employees and significant year-over-year growth, backed by substantial funding. Savvy is recognized as a Certified Great Place to Work and has received accolades for its culture and growth. The Brokerage Operations Manager will be instrumental in establishing and managing the day-to-day operations for Savvy's new broker-dealer, ensuring efficient trade execution, reconciliation, and regulatory compliance. This role is central to all trading workflows and requires a proactive approach to building scalable processes in a fast-paced environment. The ideal candidate will collaborate closely with Investment Operations, Compliance, and Fidelity's clearing team, leveraging AI tools to enhance efficiency and accuracy.
Requirements
- 3-5 years of total experience across investment banking, consulting, or fintech startups.
- High attention to detail and comfort operating with real ambiguity — this function is being built from scratch.
- Strong process orientation: able to build SOPs and controls where none exist today.
- Comfortable partnering across Investment Operations, Compliance/Legal, and Product/Engineering.
- Comfort using AI/automation tools to reduce manual reconciliation and exception-detection work.
- Experience at a high-growth fintech or startup, or building an operations function from the ground up.
Nice To Haves
- Prior experience at an introducing broker-dealer or clearing firm (e.g., Fidelity NFS, Pershing, Apex).
- Familiarity with cashiering operations: money movement approvals, wire approvals, AML alert monitoring.
- Working knowledge of the trade lifecycle (execution through settlement) and exception handling (breaks, fails, corrections).
- Understanding of FINRA/SEC compliance reporting requirements (e.g., FOCUS reports, escheatment, audit/exam support).
- SIE, Series 4, 53.
Responsibilities
- Own end-to-end brokerage lifecycle support and exception handling for Savvy's RIA.
- Monitor post-trade exceptions and settlement issues.
- Execute trade error corrections and reconciliation.
- Monitor block allocation and reconciliation (BTAM).
- Manage corporate action communications.
- Own best execution review and documentation.
- Monitor cash, margin, and position breaks, working with Fidelity's margin specialist.
- Monitor TRACE reporting for fixed income.
- Approve domestic money movement.
- Approve international wires.
- Monitor and process AML alerts.
- Process RCD deposits.
- Review new account opening exceptions.
- Monitor account restrictions.
- Prepare FOCUS reports.
- Track escheatment.
- Support FINRA and audit requests.
- Prepare client complaint and resolution reports.
Benefits
- Competitive salary and equity package
- Unlimited PTO + paid company holidays
- Access to holistic medical, dental, and vision plans
- Company 401(k), Commuter, and HSA/FSA plans
- NYC office in the heart of Manhattan
- Lunch and snacks provided in the office
- Access to virtual mental health care (Spring Health), vision related benefits (XP Health), and health concierge (Rightway)
- Access to counseling for stress management, dependent care, nutrition, fitness, legal, and financial issues (Guardian WorkLifeMatters EAP)
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
