Brokerage Operations Associate - Operations Control

Description:

• Takes ownership of and independently handles the resolution of complex discrepancies.
• Produce timely, quality and relevant reporting.
• Regularly communicate amendments to policies and procedures.
• Verify and reconcile securities held at various depositories
• Create reports on money discrepancies between our internal ledger and external platforms
• Ensures reconciliations are accurate, complete and that discrepancies have been resolved in a timely manner
• Works with other internal teams, fostering an environment that encourages participation, teamwork and communications.
• Ensures industry rules, regulations and securities laws are adhered to for 15c3-3 and proper action is taken
• Maintains orderly and readily obtainable records for research and examination purposes
• Prepares summary documentation/work papers for special projects/observations, submitting to management for review
• Performs data collection and analysis to ensure the firm is in compliance with regulatory requirements
• Tests controls
• Works cross-functionally with other staff to create highly efficient operational processes that avoid control and quality deficiencies and associated monetary losses.
• Escalates observations/issues to Management that require attention in order to mitigate risk
• Assists the Director in completing all Internal Audit and Regulatory reviews for the operating group and to ensure that review findings are effectively resolved.
• Driving continuous operational improvement, updating of the control framework and undertaking root cause analysis and trend analysis of operational issues
• Support the business unit management with the application of policy frameworks and become established as a referral point for policy related queries.
• Participates on projects as needed
• Performs other duties and responsibilities as assigned

Requirements:

• 2+ years of Operations Control and DTCC Settlement experience
• Knowledge of Brokerage Clearing operations and how functions performed by Regulatory Reconciliations
• Knowledge of Financial industry rules, regulations and laws relating to processes performed by Regulatory Reconciliation
• Possess general knowledge of U.S. securities back office operations of a broker-dealer and/or carrying firm
• Ability to Identify relationships, draw
• logical conclusions and interpret results for use in decision making
• Excellent written and verbal communication skills
• Ability to work independently with attention to detail as well as collaboratively within a team environment
• Providing insights for continuously improving our client experience and providing efficiency
• Ability to work independently in a fast-paced environment with multiple priorities
• Must be able to follow company tenets of: Stay Curious, Have Empathy, Be Accountable
• Be able to work in a remote environment
• Have basic knowledge of SQL, metabase, or other database coding language
• Easily adapt between Microsoft and Google document and spreadsheet solutions
• Be flexible to assist other functional areas when necessary
• Support department initiatives and company vision
• Must be able to change and adapt to the ever-changing regulatory landscape of the financial industry
• Possess a Series SIE and 99 or higher securities license or achieve a passing result on the 99 within the first 90 days of employment

Optional Requirements:
• Associate’s degree in a business-related field and a minimum of five (5) years of experience in the areas of cash and securities reconciliation, accounting, banking, and/or financial services industry.
• Series 7

Benefits:x

• Competitive Salary & Stock Options
• Health benefits start on day 1
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card
• Work with awesome hard working people, super smart and cool clients and innovative partners from around the world
• Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce