Margin Associate

Janney Montgomery Scott LLC; Philadelphia (Philadelphia County); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Paid Parental Leave

Generous Paid Time Off

Referral bonus $2,000

Professional Development Assistance

Job summary

Janney Montgomery Scott LLC is seeking a detail-oriented professional to support the Margin Department in daily operations and client service across all phases of account maintenance.

The role requires strong analytical and math skills, effective communication, and initiative to improve processing frameworks within a fast-paced financial services environment. Collaboration with branch personnel and advisors is essential, with emphasis on accuracy and regulatory awareness.

Qualifications

• Bachelor's degree or equivalent experience.
• 1–2 years related work experience in financial services preferred, Operations focus.
• Series 7 license preferred or willingness to complete after 6–12 months.

Responsibilities

• Perform daily review of margin accounts and approve issuance of margin calls.
• Approve asset disbursements in retail accounts.
• Respond promptly and professionally to Financial Advisors and branch personnel.
• Provide exemplary customer service via phone and email.
• Interact with branch network to remediate margin accounts due to down markets or deficit equity.
• Be highly organized in processing and following up requests.
• Resolve issues that cross operational departments.
• Proficient in option knowledge and naked option calculations.
• Review buying power and maintenance levels for margin accounts.
• Knowledge of Regulation T and FINRA rules.
• Assist training on automated asset movement system.
• Aim for SME level in the asset movement system and participate in enhancements.
• Assist with projects to improve processes, controls, compliance, and efficiency.
• Keep up to date on regulatory events affecting margins and market activity.

Skills

Analytical ability

Communication

Initiative

Building Relationships

Education

Bachelor's Degree

Series 7 license preferred

Tools

Excel

Access

Microsoft Office Suite

PDF software

Job description

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.

The individual selected for this role is responsible for supporting the Margin Department in daily operations and providing fundamental client support in all phases of operational service and account maintenance. A successful candidate will possess strong mathematical and technical skills, demonstrate superior commitment to client service, participate in process and system optimization, and exhibit considerable attention to detail.

What You Are Good At

• Analytical ability – Able to effectively review information and data to identify issues and opportunities.
• Communication – Must be able to effectively communicate verbally and in writing with internal Janney stakeholders and our financial advisors.
• Initiative – Proactively look for opportunities to enhance our business processing framework and be involved in team projects.
• Building Relationships – Connecting with others in a way that fosters trust, creates collaborative relationships, and preserves established team culture.

Responsibilities

• Perform daily review of margin accounts and approve issuance of margin calls
• Approve asset disbursements in retail accounts.
• Be able to respond promptly, accurately and professionally in a high pressure environment to Financial Advisors and other branch personnel.
• Provide exemplary customer service while managing inquiries through such sources as phone calls and emails.
• Interacts with branch network regarding remediation of margin accounts requiring action due to down market exposures, and deficit equity.
• Be highly organized in processing and following up with requests and issues.
• Resourceful in resolving issues that cross operational department lines.
• Proficient in general option knowledge and able to calculate naked option requirements.
• Reviews buying power as well as maintenance levels for margin accounts.
• Knowledge of Regulation T and FINRA rules.
• Assist branch personnel in training relating to automated asset movement system.
• Achieve subject matter expertise in the automated asset movement system and actively participate in the periodic enhancement roll outs and system error resolution.
• Assist with various projects geared toward building upon current processes and controls to enhance regulatory compliance, reduce risk, and create operational efficiencies.
• Keep up to date on current regulatory events that govern margin and overall market activity.

What You Have

• Bachelors Degree or equivalent experience
• 1-2 years related work experience in the financial services industry preferred, particularly in Operations
• Series 7 license preferred or willingness to complete after 6 - 12 months of employment
• Fundamental working knowledge of the financial industry preferred
• Client focused, demonstrates superior commitment to client service and maintains professionalism
• Initiative and self-motivated
• Ability to grasp issues and offer innovative solutions
• Ability to work independently, while also working seamlessly with Margin Department colleagues as well as senior management
• Superior attention to detail in fast-paced environment
• Strong analytical skills
• Strong working knowledge and ability to use technology, i.e., Excel, Access, Microsoft Office Suite products and PDF software

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.

• Paid Parental Leave
• generous Paid Time Off
• eligibility for a $2,000 referral bonus
• 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.

Attracting, hiring, and retaining diverse talent is a priority for the firm. We succeed because of the people who choose to work here; the depth of their skills, experiences, diversity of thoughts and backgrounds.

Janney is an equal opportunity employer and makes employment decisions on the basis of merit and business needs.