Brokerage services manager

Company Name:
Salary period: Annual
ETC Brokerage Services, a limited purpose Brokerage firm, currently has an opening for a Manager of Brokerage Services. The Manager will lead and supervise the ETC Brokerage team and will be responsible for providing brokerage services to clients and representatives of its affiliates, Equity Trust Company and Equity Advisor Solutions.

Equity Trust Company has over 35 years of experience and is a recognized leader in providing custodial services for self-directed IRAs, taxable custodial accounts and small business retirement plans for close to 130,000 clients. Equity Trust Company provides its clients with a wide array of trust services, including serving as an IRA custodian and as a trustee for individuals, corporations, institutions and employee benefit, stock ownership, retirement plans. Equity Trust Company also acts as a qualified custodian, as defined in the Investment Advisers Act, to advisor clients of Equity Advisor Solutions. Equity Advisor Solutions provides Custody, Technology, Trading and Back Office solutions to Registered Investment Advisors, Money Managers, Hybrid advisors and Broker Dealers.

The staff at ETC Brokerage Services and affiliates is comprised of professionals who have considerable knowledge and experience in the products and services that we provide and we are proud of our reputation as a truly client-focused company.

The Brokerage Services Manager will execute and assist in the execution of security trades including but not limited to the purchase and sale of stocks, mutual funds, exchange traded funds and options for clients of Equity's affiliates through ETC Brokerage Services. The manager will also assist advisor clients with trade execution and problem resolution, including technology support (FIX trading, trade order management, average price account trading and allocations). The Brokerage Manager is responsible for the management, monitoring and oversight of the ETCBS staff of brokers and securities clerk(s).

Primary Job Responsibilities/Functions:
┬ ┬ ┬ Execute security trades for clients, including institutional advisor clients, contacting ETC Brokerage Services
┬ ┬ ┬ Provide quotes and financial news to clients
┬ ┬ ┬ Offer technical assistance to clients placing trades online
┬ ┬ ┬ Maintain continual awareness of current financial market/economic conditions
┬ ┬ ┬ Submit buy and sell orders for execution.
┬ ┬ ┬ Prepare and provide weekly reports, eg number of trades and new accounts set-up and submit to ETC and EAS management.
┬ ┬ ┬ Review daily trade blotter/trade tickets and compare to prior day executed trades for accuracy.
┬ ┬ ┬ Address any customer or advisor inquiries or complaints in reference to transactions in their brokerage account.
┬ ┬ ┬ Responsible for providing trading services, trade creation and executions, for advisors
┬ ┬ ┬ Have an understanding and assist advisors in meeting their reporting requirements eg best execution
┬ ┬ ┬ Responsible for reviewing and improving brokerage offering especially for EAS clients and work with EAS product manager on enhancements, including block trading and allocations for advisors through an advisor trading account.
┬ ┬ ┬ Is the Compliance Officer for ETC brokerage
┬ ┬ ┬ Ensure brokerage is up-to-date on all applicable federal and state securities laws.
┬ ┬ ┬ File and submit all FINRA compliance reports.
┬ ┬ ┬ Respond to FINRA correspondence requests in a timely manner.
┬ ┬ ┬ Provide assistance and cooperation with FINRA representative during the firm's audit process.
┬ ┬ ┬ The manager is the primary contact with COR Clearing and will respond to any issues as identified from COR Clearing, compliance or margin department.
┬ ┬ ┬ Correspond with COR Clearing relationship manager regarding any issues or concerns.
┬ ┬ ┬ Manages performance┬ and conducts quarterly evaluations of brokerage team members
┬ ┬ ┬ Work closely with IT, compliance and finance departments to continually maintain the firms books and record system. Continue to improve automation for all aspects of regulatory reporting
┬ ┬ ┬ Further document and improve regulatory control and procedures

Essential Education/Training/Work Experience
┬ ┬ ┬ 5-10 years experience working in brokerage operations
┬ ┬ ┬ Prior supervisory experience required
┬ ┬ ┬ Prior compliance experience required
┬ ┬ ┬ Experience in working with RIAs and providing brokerage trading services to such advisors
┬ ┬ ┬ Experience with both retail and institutional clients
┬ ┬ ┬ Knowledge of block trading and allocation processing from an average price account
┬ ┬ ┬ Risk assessment and mitigation experience with a large firm preferred
┬ ┬ ┬ Ability to balance multiple priorities and meet specific objectives
┬ ┬ ┬ Strong relationship building and supervision skills
┬ ┬ ┬ Strategic thinker
┬ ┬ ┬ Bachelor's Degree required
┬ ┬ ┬ Series 7 License required
┬ ┬ ┬ Series 63 License required
┬ ┬ ┬ Series 4 License required
┬ ┬ ┬ Series 24 License required OR obtained within 90 days of hire
┬ ┬ ┬ Proficient in use of the┬ Thomson quote system

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