Director - Securities Lending
TradeStation - New York City, NY
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Director - Securities LendingNew York, NYWeAreTradeStationTradeStation is an online brokerage firm seeking to level the playing field for self-directed investors and traders, empowering them to claim their individual financial edge. We have built a team of amazing people who work together in a high-performance culture to provide our clients with exceptional products and services. We offer a collaborative and flexible work environment, competitive salaries, comprehensive benefits and an unlimited PTO policy.POSITION SUMMARY:The Director of Securities Lending will be responsible for performing all daily operational processes involving our securities lending business. This role will report to and work closely with the Vice President of Trading and Post Trade Operations as well as senior members of the securities lending team. The successful candidate will be involved in a broad range of activities while gaining valuable market experience across US securities and trade lifecycle management. This position will allow the candidate opportunities to further develop and grow their understanding of the securities lending and brokerage businesses. ESSENTIAL JOB FUNCTIONS Overall hands-on management of all equity and fixed income lending support operations Work with department head and learn all processes of equity and fixed income lending support operations Create operational processes and procedures around our securities lending business Responsible for maintaining all regulatory records for the business Work with members of the internal audit and brokerage operations teams on all internal/external audit items Become an integral part of the lending operations team, assist with covering broker-to-broker and fully paid lending accounts Facilitate mark-to-market adjustments, OCC marks processing, booking, cancel and correct borrows and loans, stock and cash break reconciliation, rate changes and contract compares Train with senior personnel and learn the Loanet application Complete EOD balancing and management reporting Process corporate actions and buy-in requests Set-up new counterparty accounts Initiate monthly interest rebate settlements Process quarterly audit confirmationsKNOWLEDGE, SKILLS & ABILITIES: Proficient in using DTCC, Loanet, Phase 3 and Encore systems Must operate with a high level of integrity and precision Analytical - Must be able to identify and manage firm risk Organization - Must be able to prioritize responsibilities to ensure deadlines provided by regulators and firm are followed Multi-Tasking - Must be able to work in a fast-paced deadline driven environment Communication - Must communicate effectively and efficiently with advisors and other operational groups Microsoft Excel - Compiling data and executing calculations Microsoft Access - Creating and managing various databases Microsoft Outlook and Microsoft Word proficiency Must be a self-starter with lots of initiative and enjoy working in a team atmosphere Willing to take on new objectives and initiatives to expand the organizationEDUCATION & EXPERIENCE: Bachelor''s degree recommended, not required 3-5 years of brokerage/securities lending operational experience recommended FINRA Series 7 license recommended
Created: 2021-11-29