Broker Dealer Operations Lead Job at Selby Jennings, New York, NY

RUpwZjFXajFqL0J3N3U4WW0wSGI1N2RyYVE9PQ==
  • Selby Jennings
  • New York, NY

Job Description

Job Title: Broker Dealer Operations Lead

Location: NYC (hybrid)

Salary: Base Salary $170k-225k + Bonus

Company Summary:

As a team lead, you embody a player/coach mentality, always ready to roll up your sleeves and lend a hand in a fast-paced, high-growth startup. You thrive in the dynamic environment of a startup, eager to scale broker-dealer operations to match business growth while ensuring stability, safety, and compliance. Recognizing the importance of collaboration, you work closely with like-minded individuals to solve problems and achieve team goals. You maintain a positive attitude and embrace the key characteristics valued at Flourish: grit, craftsmanship, and a collaborative approach.

In this role you will be responsible for:

  • Manage and develop the broker dealer operations team, fostering growth and efficiency
  • Collaborate with the data team to forecast growth, optimize fund allocations, and report on key business metrics for the sweep program
  • Facilitate daily cash movements and perform daily cash reconciliation within the broker sweep program, ensuring accuracy and compliance
  • Run and optimize proprietary algorithms for fund distribution among bank partners, and handle monthly interest settlements and reconciliations
  • Drive the onboarding of new banks and strategic partners, developing and maintaining relationships with program banks' operations leadership
  • Provide audit support and ensure adherence to operational controls and regulatory requirements, while partnering with finance for monthly regulatory reporting
  • Oversee and complete the daily, weekly, monthly and quarterly tasks for the broker dealer, including allocation algorithm, daily wires, and system controls

The ideal candidate should have the following qualifications and skills:

  • 7+ years of experience in operations and/ or treasury functions within Fintech startups, asset managers or large banks
  • Active FINRA license (SIE, Series 99, Series 27) or ability to obtain upon employment
  • Familiarity within USD payment rails and SEC/ FIRNA broker dealer regulations
  • Fintech work experience

Job Tags

Work experience placement,

Similar Jobs

TruAdvantage Team

Mortgage Loan Officer Partner Job at TruAdvantage Team

 ...We are looking for a highly-skilled loan partner to join our top-producing team and work alongside our loan officers. This position requires a unique mix of sales and customer...  ...packages, credit reports, and additional mortgage application paperwork* Act as the primary contact... 

Fox Television Stations

Digital Video Producer Job at Fox Television Stations

Overview Digital Video Producer role at Fox Television Stations (WTTG...  ...a key part in the planning, production, optimization, and promotion...  ...deadline.What Youll Need Senior-level experience in digital video...  ...Job Details Seniority level: Entry levelEmployment type: Full-time... 

TAPPI

Biomedical Engineer Job at TAPPI

 ...be 2MB or less and acceptable file types. Add FileThe application opened in a new tab. You may close this popup.Open Role Engineer: Biomedical Engineer hired by iRay Imaging LLC in Solon, OH to design, develop, and optimize biomedical X-ray systems; enhance manufacturing... 

Froet Group

Team Member/Barista, part time - Aspasia Coffee & Bake Shop Job at Froet Group

 ...Job Description Job Description Salary: 15 Aspasia Coffee and Bake Shop **Seasonal/Positions are now full, hiring for permanent employees...  ...guests, take orders, bus tables, dishwasher, food runner, barista, etc. We are hiring for non-seasonal, permeant... 

Lenmar Consulting Inc

Entry Level Brokerage / Trading Operations Analysts Job at Lenmar Consulting Inc

Lenmar Consulting is seeking several Entry-Level / Junior Operations Analysts to help us support our global Investment Banking Client out...  ...divisions of the investment bank including Wealth Management, Trade Processing, Trade Settlement, Asset / Loan Servicing, as well as...