As a Prime Services Margin Associate, you will play a vital role in supporting our Prime Services clients across Equity and Fixed Income products. Your responsibilities will include managing margin calls, ensuring regulatory compliance, and providing exceptional client service. This role is perfect for someone with a strong analytical mindset and a passion for financial markets and operational risk management.
- Serve as the primary client contact for Prime Services accounts, handling operational inquiries and ensuring a high level of client satisfaction.
- Issue and monitor margin calls, maintaining required equity levels for client accounts.
- Review daily cash and margin account activity to adhere to Regulation T, FINRA, and internal risk policies.
- Support portfolio margin account maintenance, including amendments and updates.
- Process and reconcile daily operational workflows, controls, and manage exceptions effectively.
- Collaborate with internal teams to resolve client issues and operational breaks, ensuring a seamless client experience.
- Monitor Prime Brokerage accounts for settlement issues, fails, and cash movements, identifying and mitigating risks.
- Streamline workflows and reduce manual processes through automation and operational enhancements.
- Escalate operational risks, control issues, and exceptions promptly, ensuring timely resolution.
- Participate in project work, testing initiatives, and provide support for ad hoc operational requests.
- Bachelor's degree in Finance, Accounting, Economics, or a related field is required.
- A minimum of 3 years of experience in Prime Brokerage, Margin, or Operations is essential.
- Strong analytical and problem-solving skills, with a keen eye for detail.
- Excellent verbal and written communication skills, with the ability to interact effectively with clients.
- Ability to work in a fast-paced environment, managing multiple priorities and maintaining a client-focused approach.
- Team-oriented mindset, with a collaborative and proactive attitude towards work.
- Understanding of basic accounting principles and financial market concepts is preferred.
- Interest or experience in Prime Brokerage, Margin Operations, or Brokerage Operations is an advantage.
- Knowledge of Regulation T, FINRA margin rules, and portfolio margin concepts is highly desirable.
- Familiarity with equities, fixed income products, and securities financing operations is beneficial.
