Director of Brokerage Operations
About the role
We are seeking an experienced Operations Director to join our dynamic team within our Broker-Dealer operations. The ideal candidate will play a pivotal role in ensuring seamless operational processes, mitigating risk, and maintaining compliance with regulatory standards.
Key Responsibilities
Operational Oversight: Monitor daily operations, trade settlements, reconciliations, and financial transactions to ensure accuracy and compliance
Risk Management: Identify, assess, and mitigate operational risks, developing strategies to enhance controls and minimize errors
Regulatory Compliance: Ensure adherence to SEC, FINRA, and other regulatory requirements while maintaining proper documentation and reporting
Process Improvement: Analyze existing workflows, recommend enhancements, and implement automation initiatives to boost efficiency
Audit & Internal Controls: Collaborate with internal audit teams to ensure all processes align with industry best practices and regulatory standards
Cross-functional Coordination: Work closely with Clearing, Finance, AML, Compliance, Cash Management and Stock Transfer teams to streamline operations
Issue Resolution: Investigate trade discrepancies, reconcile accounts, and resolve escalated operational issues with precision and urgency
Requirements
10+ years of experience in Operations Control within a Broker-Dealer environment
Strong understanding of SEC, FINRA, and regulatory frameworks governing Broker-Dealer operations
Expertise in trade reconciliations, risk management, and compliance monitoring
Proficiency in industry systems (e.g., DTCC, OCC, Bloomberg, or similar platforms)
Exceptional analytical and problem-solving skills with attention to detail
Effective communication and collaboration abilities in a fast-paced environment
Understanding of an omnibus clearing model