Senior Margin Professional
About The Position
In this role, you will be responsible for monitoring client accounts for House Calls, Federal Calls, and Day Trading Calls to help reduce market risk and volatility. You will review accounts for FINRA violations and related issues, including liquidations, 90‑day trading restrictions, and free riding. The position also involves reducing outstanding debt associated with both trade and non‑trade activity, while providing effective communication and timely responses to advisors and clients. You will ensure that all transaction requests are handled with minimal direction and that operations remain seamless and comprehensive. Additionally, you will collaborate with business partners to research and resolve issues accurately and promptly and work closely with Compliance and Risk teams to monitor guidelines, regulatory policies, procedures, and trade corrections.
Requirements
- 1 - 3 years' relevant experience
- High School Diploma or GED
- Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).
Nice To Haves
- Post-secondary education and relevant work experience may be interchanged to meet the combined total years of minimum required qualifications
- Previous operations, processing, or customer service experience
- Strong problems solving and analytical skills
- Demonstrated ability to manage multiple priorities in a fast-paced, results-driven transaction-based environment
- Demonstrated understanding of company and industry regulatory requirements
- Excellent teamwork and strong written and verbal communication skills
- Ability to work in a time sensitive environment with great attention to detail, while achieving a high degree of accuracy
- Ability to understand and communicate complex issues
- Margin experience
- Series 7
Responsibilities
- Initiate, review and manage exceptions to the firm’s current margin policy.
- Perform daily margin processes, managing margin calls, exception reports, option expiration reports and monitoring accounts for accuracy and sufficient collateral.
- Review and maintain the accuracy of customer margin account records of securities purchased creating REG-T, House and FINRA calls.
- File extensions with FINRA on open unsettled trades.
- Review and approve client requests for payments or transfer of assets within AMPF and/or transfer of assets to other financial organizations where clients have Margin/Options.
- Ensure that all customer accounts with outstanding regulatory exceptions are brought into compliance regarding retention house requirements, FINRA 4210, and Regulation-T.
- Take action on at-risk accounts for reasons relating to firm policy, market conditions or individual account behavior.
- Monitoring and oversight of client margin accounts for trading and concentration risk.
- Support customer service in identifying, managing and resolving client margin account issues; supplement customer interaction with specific recommendations and explanations
- Respond to advisors or internal business partners related to, but not limited to, cash available, buying power, option calculations, margin day trading, trade through violations and disbursement approvals.
- Interact with the advisors and/or internal business partners regarding the remediation of margin accounts requiring action due to down market exposures creating House and FINRA calls and deficit equity.
- Escalate risk related issue to leadership timely.
- Execute on various risk-based models at the client account level and market risk factors.
- Analyze accounts with credit and risk issues associated with risky trading strategies and issue maintenance calls on accounts that fall below minimum margin requirements.
Benefits
- We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
Number of Employees
5,001-10,000 employees
