The role of a Security Brokerage Operations Manager involves overseeing the operational aspects of a brokerage firm to ensure efficient and compliant securities trading and investment processes. Here are the key responsibilities associated with this role:
Team Management: Responsible for leading and supervising a team of operations staff, including trade support specialists, settlement clerks, and compliance officers. Provide guidance, training, and support to ensure the team operates effectively and achieves performance objectives.
Process Improvement: Continuously review and optimize operational workflows and procedures to enhance efficiency, reduce costs, and mitigate operational risks. Identify areas for improvement, implement process enhancements, and leverage technology solutions to streamline operations.
Trade Processing and Settlement: Oversee trade processing activities, including order validation, trade execution, and settlement. Ensure trades are executed accurately and in compliance with regulatory requirements, and monitor the settlement process to minimize settlement failures and risks.
Risk Management: Assess operational risks associated with trading activities and develop risk management strategies to mitigate potential losses. Implement controls, procedures, and monitoring mechanisms to safeguard against operational, financial, and regulatory risks.
Regulatory Compliance: Operations managers ensure compliance with relevant laws, regulations, and industry standards governing securities trading and brokerage operations. They stay updated on regulatory changes, implement compliance policies and procedures, and oversee regulatory reporting requirements.
Client On boarding and Account Maintenance: Oversee the client on boarding process, including account opening, documentation review, and client due diligence. Ensure compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and maintain accurate client records.
Technology and Systems Management: Oversee the implementation and maintenance of trading platforms, back-office systems, and technology infrastructure to support brokerage operations. Collaborate with IT teams and vendors to ensure systems are reliable, secure, and scalable to meet business needs.
Vendor Management: Manage relationships with external service providers, such as clearinghouses, custodians, and technology vendors. Negotiate contracts, monitor service level agreements, and ensure vendors deliver quality services that meet the firms requirements.
Financial Reconciliation and Reporting: Oversee financial reconciliation processes, including cash management, trade reconciliation, and regulatory reporting. Ensure accurate and timely reporting of financial transactions, positions, and balances to internal stakeholders and regulatory authorities.
Business Continuity Planning: Develop and implement business continuity and disaster recovery plans to ensure uninterrupted operations in the event of unforeseen disruptions or emergencies. Conduct regular testing and training exercises to prepare staff for potential crises.
Certification: NISM Series-VII-Stock Operations and Risk Management
Experience: 
