Trade Corrections Analyst, Operations

Edward Jones • Tempe, AZ

44d • Hybrid

About The Position

Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500¹ company where people come first. With over 9 million clients and 20,000 financial advisors across the U.S. and Canada, we're proud to be privately-owned, placing the focus on our clients rather than shareholder returns. Behind everything we do is our purpose: We partner for positive impact to improve the lives of our clients and colleagues, and together, better our communities and society. We are an innovative, flexible, and inclusive organization that attracts, develops, and inspires performance excellence and a sense of belonging. People are at the center of our partnership. Edward Jones associates are seen, heard, respected, and supported. This is what we believe makes us the best place to start or build your career. View our Purpose, Inclusion and Citizenship Report. ¹Fortune 500, published June 2024, data as of December 2023. Compensation provided for using, not obtaining, the rating. As a Trade Corrections Analyst for the team, you are responsible for principal review, trade corrections, reconciliation issues involving all products in all programs and tracking gains and losses. You will work in collaboration with internal business areas including Advisory, Compliance, Field Supervision, Trading, Service and Operations while also understanding the impacts to these areas.

Requirements

• Bachelor's degree in finance and/or equivalent experience
• Specific licenses are required prior to hire - SIE, Series 7 Top Off
• Series 24 & Series 57 required to obtain within 5 months of hire
• Series 52 & Series 53 required to obtain within 8 months of hire
• 3+ years of industry experience required; within a role that required managing risk, including:
• Strong working knowledge of securities products and trading processes, including awareness of industry issues and hot topics.
• Expert level knowledge and experience with Excel, Salesforce, SharePoint, and Advisory Trading Platform.
• Must demonstrate strong conflict-management, problem solving and independent decision-making skills.

Responsibilities

• Acting in capacity as General Securities Principal with supervisory responsibility over reviewing, approving, and processing of trade cancels, rebills, or corrections. This includes but is not limited to Mutual Funds, Equities, Fixed Income, UIT securities, and Managed/Fee-Based Accounts
• Assessment and timely rejection/approval notifications of trade cancels and rebills involving additional complex systems (of all products listed above that are in addition to the Trade Correction Analyst), all of which require strong technical knowledge and creates financial and/or regulatory risk if delayed or completed incorrectly. The trade error corrections include cancels, quantity, symbol, and buy to sell/sell to buy changes as well as account number, account type, commission, and as of correction requests.
• Requires in-depth understanding of the firm's systems, trading processes/procedures, trading systems, trade reporting requirements, regulatory guidelines, and fund company trading or third-party administrators (e.g. Surpas).
• Completing trade error correction requests timely and accurately in all product and account types utilizing the appropriate error account based on product type to ensure appropriate reporting to Finance, weekly 17a-5 reporting, and mitigate risk for the firm for strong books and records.
• Initiates and leads collaboration efforts with internal business areas outside the division independently, which includes Compliance, Field Supervision, Trading, and Service while also understanding the impacts to these areas.
• Coach and educate branch teams on trade error correction requests, best practices, and complex client situations.
• Adapts to changing and complex regulatory and reporting requirements in a fast-paced environment to ensure trade error corrections are handled accurately.
• Proactively, and in response to situations that arise, independently deepen knowledge across all corrections functions/ teams including principal review items and calculating Gain/Loss.
• Consultative approach in evaluating complex corrections spanning all Trade corrections functions/teams to determine the best solution and order of operation for the correction. Including but not limited to identifying and implementing an alternate solution while sharing knowledge and explaining the outcome.

Benefits

• Edward Jones' compensation and benefits package includes medical and prescription drug, dental, vision, voluntary benefits (such as accident, hospital indemnity, and critical illness), short- and long-term disability, basic life, and basic AD&D coverage.
• Short- and long-term disability, basic life, and basic AD&D coverage are provided at no cost to associates.
• Edward Jones offers a 401k retirement plan, and tax-advantaged accounts: health savings account, and flexible spending account.
• Edward Jones observes ten paid holidays and provides 15 days of vacation for new associates beginning on January 1 of each year, as well as sick time, personal days, and a paid day for volunteerism.
• Associates may be eligible for bonuses and profit sharing.
• All associates are eligible for the firm's Employee Assistance Program.
• For more information on the Benefits available to Edward Jones associates, please visit our benefits page.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Number of Employees: 5,001-10,000 employees