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Job Summary
The Broker Dealer Operations Specialist 2 supports in the day-to-day execution of institutional client onboarding, account maintenance, and asset movement activities. This role is ideal for a detail-oriented professional with experience in broker-dealer operations who thrives in a fast-paced, regulated environment.
Key Responsibilities
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Review and process institutional client onboarding requests, ensuring proper documentation for various client types (Corporation, LLC, Partnership, etc.).
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Perform AML, CIP, KYC, and OFAC screenings for new and existing clients.
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Review and approve asset movements, including ACH and Fedwire transactions.
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Process and maintain client account updates, ensuring accuracy and compliance.
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Support settlement and reconciliation activities for institutional trading products, including ICS/CDARs and Money Market Funds.
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Prepare and update operational procedures, job aids, and ad hoc reports.
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Collaborate with audit and risk teams to provide documentation and validate controls.
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Assist in training and quality assurance for new team members.
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Participate in special projects to enhance process efficiency and client experience.
Basic Qualifications
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High School Diploma or equivalent.
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1+ year of experience in brokerage, investment operations, or institutional onboarding.
Preferred Qualifications
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Working knowledge of AML, CIP, KYC, and OFAC compliance requirements.
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Experience with wire and ACH processing and approvals.
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Familiarity with institutional or foreign client onboarding processes.
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FINRA SIE and Series 99 licenses preferred; Series 6 or 7 a plus.
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Strong organizational skills and attention to detail.
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Proficiency in Microsoft Office (Excel, Outlook, Word).
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Ability to manage multiple priorities and collaborate effectively across teams.