Restricted Stock Sr. Specialist
About The Position
The Restricted Stock Senior Specialist is part of the Restricted Securities Service team, which supports retail and advisor clients with restricted stock and Rule 144 services. In this role, the Senior Specialist assists corporate officers, affiliates, insiders, and other major shareholders with stock sales under Rule 144 and 10b5-1 trading plans. The Senior Specialist’s responsibilities include preparing and filing required regulatory documents with the SEC and relevant exchanges and coordinating with issuers’ counsel and transfer agents to confirm required paperwork is complete. Ensure delivery details are understood, and securities are delivered within strict timeframes while exercising affiliate stock options and understanding the advantages and disadvantages of each exercise method. You will be providing highly customized, high-quality service to Schwab executives and affiliates while serving as a single point of contact. Maintaining professionalism and composure entering client trades for restricted stock once all required paperwork and authorizations are received is critical. While calculating sales limits for restricted stock transactions, you’ll explain control party restrictions, trading limitations, and related regulations to clients and business partners. Also participate with identifying and escalating risks such as undisclosed control parties, potential AML concerns, and fraud. As a team, the group collaborates in problem-solving sessions to help resolve issues effectively.
Requirements
- Series 7 & 63 Licenses
- Minimum 2-4 Years Brokerage Operations
- Working with high sense of urgency
Nice To Haves
- Series 8 9/10 or 24 preferred
- Strong organizational skills and attention to detail with emphasis on accuracy and timeliness
- Ability to analyze and rectify issues that may result in monetary and/or reputational risk to the client or firm
- Able to focus and perform under stress
- Open and responsive to coaching while being flexible and responsive to change
- Bachelors Degree or equivalent experience
Responsibilities
- Managing inbound client calls regarding Rule 144 sales and compliance
- Coordinating with issuer's counsel and transfer agents on the client's behalf
- Administering 10b5-1 trading plans for corporate insiders
- Exercising affiliate stock options
- Preparing and filing required regulatory documents with the SEC and relevant exchanges
- Coordinating with issuers’ counsel and transfer agents to confirm required paperwork is complete
- Ensuring delivery details are understood, and securities are delivered within strict timeframes
- Providing highly customized, high-quality service to Schwab executives and affiliates
- Serving as a single point of contact
- Maintaining professionalism and composure entering client trades for restricted stock
- Calculating sales limits for restricted stock transactions
- Explaining control party restrictions, trading limitations, and related regulations to clients and business partners
- Identifying and escalating risks such as undisclosed control parties, potential AML concerns, and fraud
- Collaborating in problem-solving sessions to help resolve issues effectively
Benefits
- bonus or incentive opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Associate degree
