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Job Posting: Trading Operations

Job Posting: Trading Operations

Position: Trading Operations

About the Position:

Cabrera Capital Markets seeks a responsible individual to supplement our trading operations support team. The Trading Operations role is critical to the success of the firm’s domestic and international sales and trading function. The individual supports the seamless execution and processing of trades for domestic and international equity including 15a6 foreign broker dealer, municipals, taxable fixed income desks, IPO’s, stock repurchase and transition management. Additionally, OPS assists with all trading aspects including transaction execution, new business development, financial and regulatory reporting, responses to requests for proposals, preparation of presentations, compliance adherence, etc.

Location - Chicago

Responsibilities:

  • Responsible for the company’s middle and back office functions for all financial products
  • Support all traders and sales associates in domestic and international equities, municipals, taxable fixed income, IPO’s, stock repurchase, and transition management
  • Assist in the documentation process and maintenance for 15a6 foreign broker dealer accounts
  • Provide settlement and clearance of all financial products in a timely and accurate manner
  • Facilitate the trade process and settlement in various direct settlement international markets
  • Confirm trades with multiple banks and brokers on a daily basis
  • Collaborate with all relevant parties to set-up and test electronic connections in various regions for a seamless implementation
  • Assist with the transitions of different clearing firms and systems migrations when needed
  • Effectively research and resolve failed trades, errors and trade discrepancies
  • Interact with traders and senior management to resolve P&L and trading issues
  • Develop strong relationships and communicate daily with buy-side traders, middle/ back-offices of firms counterparties, clearing agents, U.S. and foreign brokers
  • Provide timely resolution of payment queries from FX Counterparty banks relating to settlements
  • Manage all new client account documentation and foreign broker onboarding ensuring compliance with all regulatory requirements
  • Conduct customer identification and verification processes by screening and monitoring entities, beneficial owners, control parties and related companies to comply with the guidelines administered OFAC
  • Consistently monitor the regulatory landscape to identify potential local and foreign issues that may impact the firm’s clients as they relate to changing industry rules and procedures
  • Assist with financial compliance examinations and inquiries from the SEC and/or FINRA
  • Create written operational and new client/foreign broker onboarding procedure
  • Consistently ensure all transactions are processed in compliance with U.S./local laws
  • Regularly confirm that our trading and operations meet financial regulatory requirements
  • Responsible for OATS, TRACE and MSRB reporting
  • Monitor the comparison of equity/PFD, municipal bonds, taxable fixed income bonds, corporate bonds, and new issue trades
  • Track and report all trade activity and commission sharing revenue for orders executed and settled directly with local brokers to the accounting department
  • All other duties as assigned

Qualifications:

  • Over one (1) year of experience in operations for a broker dealer
  • Bachelor’s degree preferred
  • Series 7 and 63 preferred