Sr. Ops Margin Specialist

LPL Financial•Tempe, AZ

12d

About The Position

The Senior Operations Specialist’s role in the Margins department includes daily monitoring and maintenance of items not limited to margin call activity, debit balances, and trade-related items within LPL Financial accounts according to firm and regulatory guidelines. Senior Specialists are responsible for handling escalations from other team members and have a good knowledge of margin regulatory guidelines. Additionally, the Senior Specialist assists management with the completion and review of various risk-based reports and projects.

Requirements

Bachelor’s degree, preferably in Finance or related field
1+ years’ experience of general brokerage industry knowledge
The ability to work in a cross-functional team and multi-task in a fast-paced, deadline driven environment.
The ability to prioritize responsibilities to ensure deadlines provided by regulators and firm are followed, along with the ability to identify, understand, and manage firm risk.
Strong communication skills, both written and oral, and willingness to speak up, talk to advisors and stakeholders.
Strong organizational and analytical skills with demonstrated ability to evaluate business opportunities and evaluate results against established objectives.

Nice To Haves

Margins experience or Operations experience.
Understanding of BETA.
Analytical mindset and experience working with data and reporting.
Financial instrument experience (trading equities, fixed income, CDs).
Proficient with Microsoft Excel and Access.
FINRA Securities Industry Essentials (SIE) certification, Series 7 or 99.

Responsibilities

Intermediate problem solving of issues identified on daily risk reports and decision making over potential risk items such as options and regulatory violations, including initiating sales, buy-ins, and trade corrections.
Effectively through escalation resolution.
Ownership of all tasks, follow-up, enforcement, and escalation of unresolved items.
Reviewing, calculating, reconciling, communicating, and enforcement of firm and regulatory guidelines as it relates to margin calls and maintenance requirements.
Monitoring, analysis, communication, and enforcement of firm and regulatory guidelines as it relates to Trade related items and Regulation T requirements.
Resolving issues, including researching and resolving non-Trade items, such as short positions, debits.
Reviewing and completing various departmental reports associated with Risk based reporting.
Interacting daily with LPL Financial Advisors, department management as well as various departments within LPL Financial to meet firm and regulatory deadlines.