Operations Associate
Location: New York, NY (Hybrid)
Salary: $95,000 - $125,000 + Bonus
Our client is an international broker-dealer in New York City that is looking to expand its U.S. operations by hiring a Broker Dealer Operations Associate. This is a unique opportunity to join a high-performing team where your contributions will be visible and valued. The ideal candidate will bring a strong background in broker-dealer operations and trade support, along with a proactive mindset and a passion for process improvement.
- Manage daily movement of customer funds within the brokered sweep program and across internal products
- Perform daily cash reconciliations and provide audit-ready commentary for internal and external stakeholders
- Develop and utilize algorithms to optimize fund distribution among partner banks
- Calculate, communicate, and settle monthly interest payments, ensuring full reconciliation with program banks
- Support onboarding of new banking partners, ensuring accurate documentation and vendor coordination
- Provide trade support across multiple asset classes, including trade capture, allocation, confirmation, and settlement
- Monitor and resolve trade breaks, discrepancies, and fails in coordination with counterparties and internal teams
- Liaise with front office, compliance, and technology teams to ensure timely and accurate trade processing
- Assist in process improvement initiatives and system enhancements related to trade operations
- Bachelor's degree in Finance, Economics, or a related field
- Active FINRA Series 99 license
- Minimum 3 years of experience in operations within broker-dealers, hedge funds, asset managers, or large banks
- Excellent attention to detail, risk awareness, and a continuous improvement mindset
- Strong communication and problem-solving skills
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