Trading and Operations Specialist

Trading and Operations Specialist- Immediate Opening

A Sacramento based Independent Broker/Dealer seeks an Trading and Operations Specialist for its headquarters. This is a position with an immediate opening and is available to candidates experienced in the Financial Services Industry. Our firm is a rapidly growing company with approximately 120 independent financial advisors.

A Trading and Operations Specialist provides expertise and knowledge of Broker/Dealer Operations to support the supervision of all sales related and back-office activity. This individual will also assist in compliance projects, and will contribute to the efficient processing of back-office work flow. The successful candidate for this position would also be responsible for managing our client database system, produce performance reports, trade blotters and consolidated statements for our representatives. In addition, this person will act as a back up for the execution of orders for equities, fixed income, mutual funds, direct placements and insurance products in a dynamic, fast paced environment.


As an independent Broker/Dealer and Investment Advisor, our Broker/Dealer offers no proprietary products or services. This independence allows us to maintain an unbiased approach in providing a broad selection of products and services from third party providers. The right candidate will have a broad understanding of mutual funds, variable annuities, variable universal life, fixed insurance, stocks and bonds and will be able to communicate effective with registered sales representatives. Strong broker dealer systems and clearing experience (Bear Stearns/ NFS or Pershing) background and familiarity with Investigo, Xtiva, Centerpiece, DST FanMail, Altiware a plus.

Principal responsibilities:
v Back testing for suitability review and front-end mutual fund breakpoint pricing
v Exception and compliance report management

v Managing the company client database and generating performance and compliance reports from Investigo and Centerpiece software applications
v Monthly MSRB, OATS and TRACE transaction report audits
v Reconciliation of trade adjustment reports and account statements
v Effectively interact with our clearing firm and outside vendors for proper establishment and maintenance of client accounts.
v Ongoing communication with and training of our registered representatives with respect regulatory requirements, polices and procedures.

v Create quarterly benchmark performance reports for the broker/dealer

v Support the operations and Trading desk with business processing and order-flow management

v Other projects as needed.

We?re looking for a person who meets these requirements:
v NASD Series 7 and 63 licensed. Series 24, 4 and 53 licenses are a plus.

v Ability to work in a fast paced environment, assigning priorities to tasks, and handling those of the most urgency and importance.
v Ability to effectively communicate complex information both verbally and in writing.
v Ability to effectively work in a team environment, building a spirit of cooperation, and sharing knowledge and skills with others in the group.
v Thorough knowledge of back office procedures at a Broker/Dealer and the ability to use this knowledge to solve problems.


Desirable Characteristics:
v Familiarity with Bear Stearns, NFS or Pershing clearing platforms 

v Familiarity with Investigo, Laser App and Xtiva software applications.
v The ideal candidate will possess a versatile skill set that may be applied to the many facets of the financial services industry and have the capacity to grow with increasing responsibility
v Candidate will enjoy working in a friendly entrepreneurial environment

Compensation:
v Compensation will be commensurate with experience and skills. Benefit package includes a 401K plan, Health Benefits and a Stock Option program