Broker Operations Associate

M1 Finance; Chicago (IL); Hybrid; USD 70,000 - 85,000; Full time

Benefits offered by this job

Competitive Pay and Stock Options

Health, dental, and vision insurance

Retirement benefit with employer match

Unlimited PTO

Open communication with leadership

Job summary

M1 Finance is seeking a motivated operations professional to handle brokerage middle office functions. The candidate will manage various trade lifecycle aspects and ensure seamless trading experiences. Responsibilities include executing trading functions, troubleshooting issues, and supporting compliance processes.

The ideal candidate must hold FINRA Series 7 and have prior financial services experience. Compensation ranges from $70,000 to $85,000 annually, along with comprehensive benefits including health insurance and stock options.

Qualifications

• Experience handling brokerage middle office functions.
• Experience developing processes and meeting deadlines.
• Ability to manage multiple concurrent objectives.

Responsibilities

• Take ownership of critical daily functions such as Trading and Account Reconciliations.
• Troubleshoot and resolve issues related to trading and account maintenance.
• Collaborate with peers across Invest Operations for middle and back office functions.

Skills

Analytical mindset

Strong communication skills

Detail-oriented

Team player

Proficiency in SQL and Python

Education

FINRA Series 7

FINRA Series 63 or Series 66 (or willing to acquire)

Job description

Job Description

We are looking for a motivated operations professional who has experience handling brokerage middle office functions. This position will be responsible for covering multiple aspects of the trade lifecycle and maintenance of customer accounts and security master data to ensure a seamless trading experience for customers. Ideally, the candidate will have prior experience owning these functions daily and a keen eye for creating operating efficiencies and optimizing processes. The individual needs to be a team player, willing to help where needed even if they are not an expert on the subject. They need prior experience working within financial services, preferably at a FinTech, within operations, customer service, or compliance. Bonus points if you have experience or proficiencies in data analytics programs that use SQL and/or Python.

What You Will Do

• Take ownership of critical daily functions such as Trading, Account Reconciliations, and CAT (Consolidated Audit Trail) reporting.
• Run Trade Windows and monitor health of routing systems and venues.
• Troubleshoot, manage, and resolve issues associated with trading, corporate actions, account maintenance, etc.
• Perform daily, weekly, and monthly account and security master maintenance tasks.
• Manage operational compliance and risk monitoring process, such as margin risk monitoring, best execution analysis, CAT reporting etc.
• Execution of relevant Written Supervisory Procedures to comply with all SEC and FINRA rules.
• Collaborate with peers across Invest Operations to support all middle office (Broker Ops) and back office (Clearing Ops) functions.
• Partner closely with Customer Service to investigate and resolve client escalations.
• Help create, document, and maintain processes for different business functions within the Invest Operations team.
• Collaborate with strategy, product managers and engineering on projects to help launch, improve, and scale Invest Operations processes and systems and contribute to overall success of M1.
• Perform other responsibilities as required.

Qualifications

• FINRA Series 7
• FINRA Series 63 or Series 66 (or willing to acquire)
• Experience developing processes, meeting deadlines, and paying close attention to detail.
• Analytical, metrics and data-driven mindset
• Strong communication skills, with the ability to work cross-functionally and communicate with leadership.
• Ability to successfully manage multiple concurrent objectives, assignments, and deadlines, while achieving expected results.
• Ability to learn quickly and be intuitive to solve difficult problems.
• Team player who enjoys collaborating and will take the initiative to own tasks.
• Experience or proficiency using SQL and/or Python, a plus.

Compensation and Benefits

Salary range: $70,000 - $85,000 per year.

• Competitive Pay and Stock Options
• Comprehensive health, dental, vision, disability, and life insurance
• Retirement benefit with employer match
• Unlimited PTO
• Transparent and open communication with leadership

Equal Opportunity Employer

M1 is an equal opportunity employer and values diversity across the company. M1 does not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.