Analyst, Account Transfers

Job Overview

The Account Transfers team facilitates all securities movement into and out of the firm. The role involves analyzing business requirements, tracking project status, translating business needs into technical requirements, and providing regulatory and risk oversight.

Responsibilities

• Analytical skills to review exceptions and perform reconciliation to ensure compliance with corporate and regulatory policies and procedures.
• Reconcile, process, and validate reports on a daily basis.
• Provide regulatory and risk oversight on processes and guidance for complex issues that arise in daily tasks.
• Reconcile mutual fund transfers facilitated through the ACAT system.
• Respond to service requests created by Service360 teams, General Service Center, and CCS Service Center.
• Develop risk-based mitigation approaches that may yield changes to functions and departmental requirements.
• Understand and interpret rule modifications in an ever-changing regulatory environment, and understand the business needs of LPL, advisors, and other departments.
• Risk Management - responsible for daily Account Transfers reconciliations, managing error rates, exception review processing, and daily reporting.
• Other duties could include policy and procedures reviews and presentations to the staff.
• Participate and implement departmental projects as well as coordinate and perform User Acceptance Testing.
• Partner with other operational groups to ensure consistency and understanding for downstream/upstream effects.
• Review processes and procedures to identify areas of improvement to mitigate risk, increase efficiency, and ensure consistency to Advisors and Clients.
• Recognize issues, problems, or opportunities and determine whether action is needed. Seek the perspective of others and re-examine assumptions to creatively solve problems and generate solutions.

Requirements

• 3+ years experience in Brokerage Operations, specifically Account Transfers/ACATs.
• Core Competencies: Ability to work independently in a fast-paced environment with multiple priorities, excellent verbal and written communication skills, and ability to learn multiple aspects of the Financial Services industry and understand how it all connects.

Preferences

• Proficiency in Alteryx and Microsoft applications (Excel, Access, etc).
• Experience with implementation and adherence of Lean Management principles.
• Experience with Brokerage Clearing Platforms; BetaNXT; FISPhase3; BroadridgeSIE or Series 7 preferred.