Senior Representative/Associate Analyst, Brokerage Operations

Fidelity•Jersey City, NJ

4d•Onsite

About The Position

This role is within the Accounts Control team, which analyzes, researches, and monitors exceptions in account balances to ensure the accuracy and integrity of reports. The team performs various reconciliations daily, weekly, monthly, or quarterly to ensure the operational integrity of the firm's books and records, identify bookkeeping discrepancies, and alert operations management. The successful candidate will collaborate with business partners in the Operations and Service Group and Fidelity Capital Markets to research and report variances in account balances, understand their impact on the firm, and determine remediation steps.

Requirements

Bachelor's degree in Finance or Business required
Strong interest in financial services industry
2 plus years brokerage operations/stock record experience
Ability to read Stock record
Knowledge of brokerage operations systems
Excellent verbal and written communication and organization skills
Ability to work effectively in a team environment including peers and all levels of management
Strong interpersonal skills and attention to detail
Strong analytical, research and problem solving skills
Ability to multi-task and prioritize in order to meet deadlines
Ability to enhance our reporting processes and system
Intermediate to advanced knowledge of MS office applications (Excel, Word, PowerPoint)

Nice To Haves

Clearing Broker/Dealer operations experience preferred
Fidelity will not provide immigration sponsorship for this position.

Responsibilities

Assist in the coordination of the Quarterly Security Physical Counts
Analyze and research Stock Record and cash breaks to maintain accurate books and records
Analyze, research and report exceptions on Fails file vs. Trial Balance for broker dealers and RVP/DVP accounts
Analyze, reconcile 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 all incoming quarterly audit confirmation requests from contra brokers.
Monitor and track aged BDS/branch deposit stock transfer items
Identify control enhancements/risk factors /improvement opportunities
Interact with external auditors and examiners.
Research and resolve escalated issues.
Conduct integrity testing on system generated reports
Assisting with operations reporting requirements and analysis
Innovating and assisting with enhancements in the automation of processes and reporting
Collaborating with others to assist in special projects and ad-hoc requests