Brokerage Operations Associate
Stash is a company dedicated to democratizing wealth creation through education and products that empower customers to achieve financial freedom. The Brokerage Operations Associate will play a key role in the Operations team, managing daily brokerage operations and ensuring compliance with operational procedures and risk controls.
Responsibilities
- Complete daily brokerage operations tasks/ workflows, including cash, position, and trading reconciliations to ensure that all operational procedures and risk controls are followed, documented, and properly maintained
- Ensuring the timely settlement of all trades and underlying client allocations, including resolving client and street side breaks
- Review and reconcile house accounts
- Process trade bookings and cancel/rebills
- Process, monitor and troubleshoot ACATs
- Ensure accuracy of all positions, cash and broker data on firm systems
- Provide ongoing user account maintenance and review of new and existing account activity
- Monitor and manage mandatory and/or voluntary corporate action events including dividends and interest payments
- Provide support to Legal, Compliance, Product, and Engineering teams to establish, monitor and manage key risk indicators for all functions
- Identify opportunities to improve operational processes through automation
- Participate in project work, including needs assessment, to build out and scale operational and technology platforms, including QA cycles
Skills
- 1-3 years of brokerage operations/trading experience
- Knowledge of Equities trading, clearance, ACATS, and settlement
- Margin experience a plus
- Technology-driven with a focus on the application of operational procedures and automation
- Understanding of FINRA and SEC Regulatory framework
- FINRA Series 99 required
- Series 7, 63
- Bachelor's Degree in Finance, Economics, or quantitative field
- Advanced skills in MS Excel
- Intermediate skills in SQL and VBA/Macros
- Series 57 or ability to obtain within 90 days
Benefits
- Comprehensive total rewards package, comprising compensation (salary and equity) and health care benefits
- Complimentary subscription to Stash+ account
- Flexible work policy – We offer a flexible work environment that blends working from home with in-person collaboration at our NYC office to support productivity and team culture.
- Flexible PTO
- Work-from-home equipment stipends; home internet subsidy
- Paid Parental Leave (offerings for birth giving and non-birth giving parents)
- Primary & Secondary
- Enhanced health and wellness benefits through One Medical, Gympass, and Maven Health
Company Overview