Trading Operations Specialist

Job Description

Your Opportunity

The Specialist, Trade Operations is responsible for performing functions necessary to facilitate margin lending, option trading, and short selling in client margin accounts. Additionally, this position ensures compliance with house, Self-Regulatory Organization (SRO), and Federal rules relating to margin and cash trading. The Specialist, Trade Operations may assist on one or more specialty teams to include Cash Accounts, Day Trading, Portfolio Margin Accounts, Client Requests or Margin ID Closeouts.

What you are good at

• Issue various calls on margin, cash, day trading or portfolio margin; review account exceptions and make decisions on the validity of federal and house margin calls based on analysis of account status and myriad of margin requirements for the products a client holds.
• Monitor all open cash debits and enforce timely resolution of deficiencies
• Monitor/Enforce Day-Trading policies and rules ' Analyze day-trading activity to ensure compliance with SRO day-trading rules. Issue, monitor, and close day trading calls as required.
• Portfolio Margin Calls & Equity - issue, monitor, extend & close portfolio margin calls.
• Cash Regulation T - issue, monitor, extends & close cash calls.
• Approval of asset movements out of the margin account.
• Requests submitted for wires, ach, checks need to be reviewed to determine all wire information is accurate, ensure OFAC check is done and account will be in good standing when funds leave the account
• Processes the movement of assets between accounts once review is complete
• Identify and resolve problems relating to incorrect option matches and associated invalid margin requirements.
• Analyze transactions for money-laundering risk indicators
• Report any suspicious client activity relating to asset movement requests
• Monitor open margin calls by utilizing system reports. As calls age and go past due, communicate with internal risk management teams as to the need to enforce margin calls.

What you have

• Knowledgeable on Back office systems to include BOSWEB, AOM, TosAdmin
• PC Literate
• Some Excel knowledge useful
• Familiarity with the Margin business, including a developed grasp of regulations and rules
• Capable of prioritizing and handling multiple, complex tasks simultaneously and efficiently
• Able to communicate effectively
• Minimum of One year of brokerage experience
• 2 year College Degree
• 1-3 year related experience
• Military education or experience may be considered in lieu of civilian requirements listed

Why work for us?

Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.

Benefits: A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home—today and in the future. Explore further.

Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. As an Equal Opportunity Employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. Please click here to see the policy.

Schwab is an affirmative action employer, focused on advancing women, racial and ethnic minorities, veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at [email protected] or call 800-275-1281.

TD Ameritrade, a subsidiary of Charles Schwab, is an Equal Opportunity Employer. At TD Ameritrade we believe People Matter. We value diversity and believe that it goes beyond all protected classes, thoughts, ideas, and perspectives.