Brokerage Operations Specialist

TradeStation • Plantation, FL

2d • $70 - $85

About The Position

The Brokerage Operations Specialist for Equities will be responsible for various clearing and back-office functions for the Equities Asset class. The candidate will need to cultivate relationships, working together with other operational senior personnel and outside vendors. This role will work closely with the Sr. Director of Brokerage Operations and Audit Oversight on procedural enhancement and departmental training.

Requirements

• Familiar with a variety of FCM related concepts, practices, and procedures
• Familiar with online brokerage execution and back-office systems, from trade to settlement
• Must possess a broad-based brokerage and financial background
• Familiar with settlement and clearing processes for Equities and Options
• Effective communication skills at all reporting levels
• Demonstrate performance within a stressful environment
• Experience coaching, developing talent and bonding with co-workers
• Must be a self-starter with plenty of initiative and enjoy working in a team atmosphere
• Must be ready to make crucial, real-time, ethical decisions
• Willing to take on new objectives and initiatives with vision to expand the organization
• Familiar with Exchange and NFA rules and regulations related to clearing and settlement of Equities and Options trading
• In-depth knowledge of back-office systems, preferably FIS Phase 3 preferred
• Proficiency in various Microsoft Office suite of products preferred
• College degree required, preferably in finance
• Extensive brokerage experience and background serving in an operational role in a trading environment
• 5+ years’ experience, the majority of which has been in a trading and back office operational capacity

Nice To Haves

• Series 7 license preferred

Responsibilities

• Research and reconcile daily Equities and Options trade breaks, identify root causes, themes, and remediation
• Perform Post Trade allocations and take ownership of functions, including but not limited to, Static Data Maintenance and trade bookings in Phase 3
• Liaise with Counterparties to reconcile discrepancies arising due to Incorrect Trade booking or erroneous clearance, Price correction and/or quantity mismatch and address escalations
• Be a strong partner to Product, Risk Mgt., and Compliance teams, leverage the team's resources and strengths and drive projects and solutions
• Continuous assessment and evaluation of appropriate processes being performed
• Assist in the escalation for business issues and other areas of concern
• Ensuring compliance with all firm and functional policy and procedures
• Work with the operational support teams to enhance his/her knowledge of the functions performed locally
• Support projects and special assignments
• Manage and Process Equities options exercises and assignments in Phase 3
• Review depository collateral requirements daily and perform weekly/monthly 15c3-3 reconciliation

Benefits

• Collaborative work environment
• Competitive Salaries
• Yearly bonus
• Comprehensive benefits for you and your family starting Day 1
• Unlimited Paid Time Off
• Flexible working environment
• TradeStation Account employee benefits, as well as full access to trading education materials

What This Job Offers

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