Director Brokerage Operations Manager

Job description

The Brokerage Operations Manager supervises the clearance, settlement, and reconciliation of the organization's trades and positions on behalf of trade desks across the organization. This job manages a team that works closely with traders, finance, compliance, brokers and custodians and customers to ensure timely settlement of trades, accuracy of books and records and avoidance of unanticipated risk to both the organization and its customers. This job also ensures that all trade reporting requirements are followed and properly documented. Key Responsibilities and Duties: - Understands and mitigates risk associated with late settlement of cash and securities transactions including market penalties, buy-ins, and claims. - Performs adequate due diligence to completely resolve all issues, in a timely manner, in order to avoid any financial or reputational impact. - Evaluates and improves existing operational processes and maintain up-to-date procedures to reduce risk, increase efficiency, and support regulatory requirements and business initiatives. - Signs off on all required clearance and settlement reports and documentation certifying that information is complete and accurate. - Ens...