Senior Representative/Associate Analyst, Brokerage Operations
About The Position
This role is for an individual interested in learning about Accounts Control and its impact on the firm and the brokerage industry. The successful candidate will join a team responsible for analyzing, researching, and monitoring exceptions in account balances to ensure the accuracy and integrity of reports. This position can be filled as a Senior Representative (level 2) or an Associate Analyst (level 3), depending on the candidate's skills and experience. Fidelity will not provide immigration sponsorship for this position. The Role involves performing 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 role requires working 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
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
Benefits
- comprehensive health care coverage
- emotional well-being support
- market-leading retirement
- generous paid time off
- parental leave
- charitable giving employee match program
- educational assistance including student loan repayment
- tuition reimbursement
- learning resources to develop your career
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
