Position: Trading Operations
Location: Chicago, IL
Cabrera Capital Markets is an investment bank and full-service institutional brokerage firm with eight offices throughout the country. Cabrera provides a range of services worldwide to a substantial and diversified client base that includes financial institutions, unions, governments, corporations, hedge funds and foundations/endowments.
The Trading Operations role is critical to the success of the firm’s domestic and international sales and trading function. The Trading Operations 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.
Duties & 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 account opening, 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, counter 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
- Monitor/manage FINRA OATS/CAT, TRACE/ORF and MSRB reporting issues
- 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
To apply for this position, please forward a copy of your resume to hr@cabreracapital.com. Thank you.
