Broker Dealer Operations Associate
Job Title: Broker Dealer Operations Associate
Location: NYC (hybrid)
Salary: $80k-115k + Bonus
Summary:
As an associate, you will engage with various partners and assist in onboarding new entities. You will work with different stakeholders and have the chance to interact with senior management. You value precision and always ensure your work is accurate. You are aware of risks and learn from experiences. You enjoy figuring out how things function and improving processes. You like working with others to solve issues and achieve team objectives. With experience in operations at a financial institution, you are keen to contribute to daily activities.
The Broker Dealer Operations Associate will be responsible for:
- Facilitate daily movement of customer funds within the brokered sweep program and between company products
- Perform daily cash reconciliation and provide commentary for internal and external auditors
- Use and create algorithms to optimize fund distribution among bank partners and resolve any issues
- Communicate, calculate and settle monthly interested ensuring full reconciliation with program banks
- Assist in onboarding new banks, complete documentation accurately, and support vendor relationships
The Broker Dealer Operations Associate should have the following qualifications and skills:
- Bachelor's degree
- Current holder of FIRNA series 99
- 2+ years' experience in operations or treasury roles at hedge funds, asset managers, or large banks
- Experience with USD payment systems and with cash/ fixed income products
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