Brokerage Operations Associate

Stash • New York, NY

6d • Hybrid

About The Position

Want to help everyday Americans invest and build wealth? Financial inequality is increasing, and too many people are getting left behind. At Stash, we are passionate about democratizing wealth creation through education, advice, and products that help customers achieve greater financial freedom.
The Brokerage Operations Associate will be a crucial addition to our Operations team and will be responsible for daily brokerage operations functions. If you're an equities trading expert with a desire to join a startup and make a huge impact from day 1 -- Stash is looking for you!

Requirements

• 1-3 years of brokerage operations/trading experience
• Knowledge of Equities trading, clearance, ACATS, and settlement. Margin experience a plus
• Technology-driven with a focus on the application of operational procedures and automation
• Understanding of FINRA and SEC Regulatory framework
• FINRA Series 99 required. Series 7, 63
• Bachelor’s Degree in Finance, Economics, or quantitative field
• Advanced skills in MS Excel
• Intermediate skills in SQL and VBA/Macros

Nice To Haves

• Series 57 or ability to obtain within 90 days

Responsibilities

• Complete daily brokerage operations tasks/ workflows, including cash, position, and trading reconciliations to ensure that all operational procedures and risk controls are followed, documented, and properly maintained
• Ensuring the timely settlement of all trades and underlying client allocations, including resolving client and street side breaks
• Review and reconcile house accounts.
• Process trade bookings and cancel/rebills
• Process, monitor and troubleshoot ACATs
• Ensure accuracy of all positions, cash and broker data on firm systems.
• Provide ongoing user account maintenance and review of new and existing account activity
• Monitor and manage mandatory and/or voluntary corporate action events including dividends and interest payments
• Provide support to Legal, Compliance, Product, and Engineering teams to establish, monitor and manage key risk indicators for all functions.
• Identify opportunities to improve operational processes through automation
• Participate in project work, including needs assessment, to build out and scale operational and technology platforms, including QA cycles

Benefits

• Comprehensive total rewards package, comprising compensation (salary and equity) and health care benefits
• Complimentary subscription to Stash+ account
• Flexible work policy – We offer a flexible work environment that blends working from home with in-person collaboration at our NYC office to support productivity and team culture.
• Flexible PTO
• Work-from-home equipment stipends; home internet subsidy
• Paid Parental Leave (offerings for birth giving and non-birth giving parents) Primary & Secondary
• Enhanced health and wellness benefits through One Medical, Gympass, and Maven Health

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level