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Brokerage Operations Analyst
TradeStation
2021-12-03 08:53:36
Fort Lauderdale,
Florida,
United States
Job type: fulltime
Job industry: Banking & Financial Services
Job description
Brokerage Operations Analyst
Plantation, FL
#WeAreTradeStation
TradeStation is an on-line brokerage firm seeking to level the playing field for self-directed investors and traders, empowering them to claim their individual financial edge. We have built a team of amazing people who work together in a high-performance culture to provide our clients with exceptional products and services. We offer a collaborative and flexible work environment, competitive salaries, comprehensive benefits and a generous PTO policy.
The Brokerage Ops Analyst is responsible for various settlement processes for back-office operations. These functions include Equities and Options Balancing, Cash and Trade reconciliation with the depositories (DTC and OCC), Point Balance Reconciliation, cancel and corrections of Top Day Trades, Average Pricing, Static Data Maintenance and Option Expiration. Responsibilities also include the coordination of activities with the Trading Operations and Securities Lending, including but not limited to margin and balancing exceptions.
ESSENTIAL JOB FUNCTIONS:
- Research and Reconcile daily trade breaks, unaffirmed equity trades and identify root causes, themes and remediation.
- Process cancel and corrections, daily reconciliation of CNS, Fund SERV and OCC general ledger accounts.
- Assist the Futures Back Office Team with processing option exercises and assignments in GMI.
- Perform Post Trade allocations and take ownership of functions including but not limited to Static Data Maintenance and trade bookings in GMI.
- Assist the Sec Lending Confirm Team to review the Quarterly Incoming Loans/Borrow Confirms
- Review depository collateral requirements daily and perform weekly/monthly 15c3-3 Reconciliation.
- Ensure Post-trade prospectus delivery is maintained and reviewed daily.
- Liaise with Counterparties to reconcile discrepancies arising due to Incorrect Trade booking or erroneous clearance, Price correction and/or quantity mismatch and address escalations.
- Participate in Internal Audits and respond to regulatory Inquiries and escalations.
- Identify Operational Inefficiencies and suggest improvements and risk mitigating enhancements.
- Contribute to management reporting, which may include providing statistics related to KRI's and KPI's
- Perform blue sheet reporting
KNOWLEDGE, SKILLS & ABILITIES:
- Knowledge of FIS Phase 3, GMI and Clearvision recommended
- Knowledge of OCC, DTC PBS, settlements, or Nasdaq ACT Workstation a plus
- Basic knowledge of financial markets and accounting principles
- Proficient in MS Excel, Word and Outlook; knowledge of Pivot tables is a plus
- Ability to travel for business continuity purposes and be available to work weekends/some holidays
EDUCATION & EXPERIENCE:
- Bachelor's degree required
- 2+ years experience in trade processing, clearance and reconciliation for equities, optinos, and mutual funds, futures, and futures options
CERTIFICATIONS:
- Active FINRA Series 3 or 7 licenses are preferred, but not required.