Offer summary

Qualifications:

Minimum of 2 years brokerage industry experience, preferably in a back office role., Bachelor’s degree in finance, economics, or a related field, or equivalent work experience., Strong understanding of AML and risk mitigation rules, along with securities regulatory knowledge., Excellent organizational skills and a customer-centric, collaborative mindset..

Key responsibilities:

Complete daily brokerage operations exception reports and conduct quality control reviews.

Perform cashiering duties, including verification of incoming wires and processing withdrawal requests.

Review New Account applications and maintain ongoing account activity for risk mitigation.

Collaborate cross-functionally with other teams to improve processes and implement solutions.

Job description

Wealthfront is currently hiring a Brokerage Operations Specialist to be responsible for daily brokerage operations functions including Cashiering and New Accounts. Brokerage Operations is a division of Wealthfront Brokerage and works closely with Client Services and all other divisions of Wealthfront Inc. - including the engineering and product teams - to provide the best client experience possible.

Brokerage Operations at Wealthfront

Brokerage Operations at Wealthfront is right for you if you want to be a part of our mission to eliminate non-value added back office processes and scale the business through automation. On a day to day basis, your knowledge will not be limited to one area of Brokerage Operations. You will have the opportunity and flexibility to learn and work in all areas. You will not be separated from other departments, as a matter of fact, you will be encouraged to collaborate with others. Brokerage Operations values input from all employees on how to improve our processes and back office systems through automation and allows employees to work cross-functionally to implement solutions.

Responsibilities

Complete daily brokerage operations exception reports including unreconciled activity, margin, corporate actions, etc.

Conduct quality control reviews and regulatory document delivery reconciliation

Perform cashiering duties including verification of incoming wires, checks, ACHs and process withdrawal requests

Review New Account applications and client submitted supporting documents

Provide ongoing account maintenance and review of new and existing account activity for risk mitigation related to AML

Collaborate cross-functionally with other teams at the company, specifically creating strong relationships with engineers

Certain in office tasks as the business requires

Requirements

Minimum of 2 years brokerage industry experience preferably in a back office role

Securities regulatory knowledge and strong understanding of account transfers, corporate actions/dividends, and trading

Understanding of AML and risk mitigation rules

Strong organizational skills

Customer-centric business philosophy and collaborative mindset

Ability to communicate cross-functionally

Appreciation and understanding of applying technology and software to business processes

Desire to improve processes to increase team efficiency and productivity

Strong work ethic and hands-on approach

Ability to quickly learn proprietary web-based account services applications

Appreciation for compliance and adherence to government regulations

Bachelor’s degree in finance, economics, or related field or requisite related work experience

FINRA Series 7 required

Estimated annual salary range: $75,000 - $90,000 USD plus Equity.

Plus benefits include medical, vision, dental, 401K plan, generous time off, parental leave, wellness reimbursements, professional development, employee investing discount, and more!

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