Actively working with a rapidly expanding Broker Dealer Company, a prominent player in the financial services industry specializing in brokerage and investment solutions. Renowned for facilitating the buying and selling of diverse financial instruments, they have earned a reputation for providing clients with expert guidance and a wide range of investment opportunities. The company is dedicated to helping investors navigate the complexities of financial markets and make informed decisions to achieve their financial goals. As the company continues to grow, they are seeking to hire a Treasury Operations or Broker Dealer professional with a FINRA 99 license to manage and further develop the team.
Responsibilities:
- Strategically manage the treasury approach to optimize returns while adhering to defined risk and regulatory guidelines.
- Lead, mentor, and support the Treasury Operations team to foster professional growth.
- Collaborate with the Data team to forecast growth, assess ideal asset allocations, and report key business metrics related to the sweep program.
- Monitor and report on key performance indicators (KPIs) within Treasury Operations.
- Oversee the daily movement of customer funds in the brokered sweep program and between various products and entities.
- Conduct daily cash reconciliation of customer funds within the brokered sweep program, using a proprietary algorithm for optimal distribution among bank partners.
Requirements:
- 7+ years of experience in operations and treasury roles within fintech startups, asset management firms, or large banks.
- Active FINRA licenses, with a preference for candidates holding at least two of the following: SIE, Series 99, Series 27, and a commitment to obtaining any missing licenses within the first 60 days of employment.
- Knowledge of SEC/FINRA Broker Dealer regulations (e.g., 15c3-1 Net Capital rules, 15c3-3 Customer Reserve rules) is a plus.
