BCI - Brokerage Consultants Ltd.

Our Focus: Financial Services

We connect the right people with the right positions throughout the financial community.

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Brokerage Consultants - Financial Recruiting

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They run deep. Since our inception we've kept our focus trained exclusively on the financial industry, and we've built a vast network of contacts in the process. Let us put those resources to work for you. We'll connect you with the most current job openings at the most desirable companies in Chicago or nationwide.

Job Order:
1123-232

Job Type:
Permanent

Title:
Brokerage Operations Coordinator (1123-232)

Location:
Detroit, MI Area

Description:
Growing Financial Company consisting of a Broker Dealer, RIA, Insurance
Company and a Holding Company has an opening for a Brokerage Operations
Coordinator. This person will be responsible for various functions within
the Brokerage Operations department and reports to the Director of Brokerage
Operations. Responsibilities include, but are not limited to new account set
up, check disbursement, ACH and Fed Fund wires, processing account
transfers, and executing trades on the behalf of financial professionals.
Additional duties may include reviewing trade activity reports, assisting
with regulator requests, and backing up the RIA department with various
operational tasks.

RESPONSIBILITIES:
Set up new accounts in RBC and Pershing
Perform account maintenance activities, including communicating with
representatives and home office staff when paperwork is not in good order
Process check requests, ACH and Fed Fund wires
Participate in onboarding new reps, setting up new IDs, and additional
paperwork training and helping them to become familiar with processes
Resolve trade breaks, margin, fed and cash calls as back up to trader
Maintain system access for reps, as well as clients as needed
Update cost basis reporting and other account updates as needed
Handle a wide variety of client phone calls ranging from placing trades,
handling check requests to answering questions about their statements
Responsible for maintaining separate order management and back office
systems for Pershing, RBC, TD Ameritrade and Schwab
Correct trading errors, keeping accurate documentation for firm records and
audits and including management team members, as needed
Execute equity, option, mutual fund, UIT and fixed income trades on all
platforms
Execute and allocate block trades for Representatives with large positions
to accumulate or liquidate using market trading experience for low market
impact
Monitor and handle stock reorganization items that effect client holdings
and educate the Representatives as to how the reorg item effects their
client positions
Review exception reports daily, monitoring for best execution obligations of
clearing firms, as well as monitoring for excessive commission, front
running, and proper DOL documentation on file
Check daily for margin calls and alert our Representatives as to the action
needed to resolve the call

REQUIREMENTS:
Extensive Brokerage Operations Experience
FINRA Series 7 preferred but not necessary
Familiarity with the different types of paperwork required to set up
accounts and assist advisors with processing required documents
Experience with cashiering requests and transfers
Experience using Pershing, RBC, TD Ameritrade and/or Charles Schwab’s
trading/clearing platforms preferred
Knowledge of SEC, FINRA and state regulations
Ability to work with reps, vendors and clients in a professional manner
Must be service and team oriented with a desire to make a difference as part
of a fast-growing independent broker dealer


Category:
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Contact:
matt@bcius.com