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E*TRADE from Morgan Stanley · 1 month ago

Trade & Client Operations Director

Baltimore, Maryland, United States of America

Full-time

Onsite

Mid, Senior Level

$93K/yr - $140K/yr

5+ years exp

E*TRADE from Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Trade & Client Operations Director will manage product-agnostic and centralized operational services across several businesses, ensuring the integrity of the firm's books and records through reconciliation processes and driving strategic automation solutions.

BankingFinanceFinancial Services

Responsibilities

Serve as a subject matter expert within functional area, working with Team Manager to manage processes, risks and/or projects, proposing and implementing improvements/changes

Act as key problem solver for area or expertise, applying detailed knowledge to address unique or novel situations, recognize risks and draw out key issues

Fully review and analyze the daily submission to the Financial Control Group for balances that contribute to the Customer Reserve (SEC Rule 15c3-3) calculation

Streamline the performance and reporting of current reconciliations with emphasis on the impact of aged breaks, escalating exceptions with market value exposure, and gained efficiencies within each reconciliation process

Leverage knowledge of SEC Rule 15c3-1 and 15c3-3 and apply to the review and reporting of suspense, control, clearance and location account position and balances

Review daily reconciliation exceptions and account balances as well as limit month end balances included in the Operations FOCUS report

Provide complete and clear commentary for all related balances included in the FOCUS report

Communicate and escalate, in writing and in person, processing issues and exceptions to various team managers and senior management

Daily the team oversees and interacts with all of the various Operations Core processing teams through the balancing of assigned accounts, overseeing exception reporting, monitoring and tracking root cause of exceptions, recommending resolutions and ensuring risk controls are being properly applied

Key drivers for the team include: Balancing cash, currency and security activity at domestic and international clearing utilities and agent banks, Balancing Trade blotter activity, Preparing reconciliations and explanations of month end Operations FOCUS reportable balances for related 15c3-3 and 15c3-1 capital charges

Qualification

FINRA rules expertiseSEC Rule 15c3-1 knowledgeSEC Rule 15c3-3 knowledgeFinancial reconciliationProcess improvementStakeholder engagementMultitaskingAttention to detailProblem solvingEffective communication