Operations Trade Support Associate

As part of the Middle Office team, the Middle Office Operations Associate plays an important role as a liaison between the trading desks, other operations teams, and counterparties during the trade life cycle to ensure accurate trade details, proper regulatory reporting, and on time trade settlement.  Functions include but are not limited to: completing reconciliation reports to monitor discrepancies, engaging market participants for outstanding trade concerns, handling trade processing issues, performing trade corrections, assisting with setting up new accounts, as well as other ad-hoc requests as needed. The Middle Office team works with equities, fixed income, options, and derivative products. Communication and collaboration are vital skills to the role as it is required to work daily with many different groups such as the trading desk, Private Client Group (PCG), Settlements, Compliance, and other operations departments. We are looking for someone to join the team who is a strong problem solver, detail oriented, organized, driven, dependable, and works well on a team. 

We are currently operating under a hybrid model - subject to change at manager or firm’s discretion.

What you are good at

• Review reconciliation reports and research any outstanding items
• Trade booking & allocations
• New account set up & escalate to AML/Risk Department as needed
• Resolve trade rejections, trade discrepancies, & settlement fails
• Complete trade corrections
• Monitor regulatory reporting, tracking required details, and working with Compliance as needed
• Identify potential process deficiencies and risk situations, and escalate to management as required
• Communicate & collaborate with various internal & external parties as needed to resolve outstanding trade matching & settlement issues
• Pro-actively look for potential process improvements; participate as assigned in team projects, process improvements, and system enhancements
• REQUIREMENTS Include requirements necessary to perform the job, including education/degree, certifications, experience, etc.).

Education & Experience: 

• Bachelor’s degree required
• 0-2 years of experience in financial services, operations, or related field (internships considered)
• Knowledge & experience in the financial industry a plus

Certifications:

• FINRA SIE & Series 99 (or Series 7) preferred, or ability to obtain both within 1 year of hire
  • SIE within 6 months of hire & Series 99 (or Series 7) within 1 year of hire  

Skills:

• Technically proficient in Microsoft Outlook, Excel and Word
• Familiarity with BetaNxt, Bloomberg, and Flex Trading a plus.

Why work for us?

Benefits: Janney believes that its employees are the key to what makes a great company. Although work makes up a large portion of an employee’s life, we believe that a balance between work and non-work activities is essential to maintain quality performance and a positive work atmosphere. We offer a competitive package including Paid Parental Leave, generous Paid Time Off, eligibility for a $2,000 referral bonus, Employee Ownership, and Professional Development Assistance Plan designed to help you make the most of your life at work and at home—today and in the future. Explore further.

Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments. We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm. Fostering a positive workplace experience remains a top priority. People are our strongest asset. We recognize that when our team members thrive, our firm is more successful.