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ACAT Specialist in Chicago, IL at TradeStation

Date Posted: 9/19/2023

Job Snapshot

Job Description

Who We Are:
TradeStation is an online brokerage firm seeking to level the playing field for self-directed investors and traders, empowering them to claim their individual financial edge. At TradeStation, we're continuously pushing the boundaries of what's possible, encouraging out-of-the-box thinking and relentless search for innovation. 

What We Are Looking For:
The primary duty of the ACAT Specialist is to review and process transfer related requests including but not limited to ACAT, Non-ACAT, and Direct Mutual fund transfers. This individual is responsible for delivering a high level of support in a high-risk environment which is also fast paced with frequently changing priorities.

What You'll Be Doing:
  • Review, process, validate, and track incoming and outgoing ACATS, which includes fails, reversals, reclaims
  • Analyze current procedures and offer improvement suggestions to increase workflow accuracy and efficiency
  • Participate in internal and external audits
  • Work with Sales and Client Services to best service client’s transferring accounts to and from TradeStation Securities
  • Communicate with Contra brokers, Banks and Mutual Companies to expedite outstanding account transfer requests
  • Maintain detailed records and retention of all ACATS activities
  • Responsible for multiple ACATs functions for business continuity during disaster recovery situations
  • Ability to travel for disaster recovery, training and other business purposes
The Skills You Bring:
  • Must be able to prioritize workload to ensure multiple deadlines are met
  • Detail oriented
  • Able to meet commitments in a fast-paced environment with frequent changes
  • Ability to work in a team environment and be flexible.
  • In depth knowledge of regulatory guidelines, internal firm policies, and Compliance/AML requirements and how they pertain to processing
Minimum Qualifications:
  • 3+ years of experience in self-clearing brokerage operations, preferably processing ACAT transfer receives and deliveries
  • Familiar with industry standard systems such as DTC, NSCC, and Fund/SERV
Desired Qualifications:
  • College degree preferred
  • Knowledge of SunGard Phase 3 back office
What We Offer:
  • Collaborative work environment
  • Competitive Pay
  • Yearly bonus
  • Generous 401k plan
  • Comprehensive benefits for you and your family starting Day 1, including a Veterinary Discount Plan!
  • Generous PTO and Sick Time plan
  • Flexible working environment
  • Free TradeStation account, as well as full access to trading education materials
  • Pay Range (US) $62-73K (Countries outside of the US have differing ranges in accordance with local labor markets)

TradeStation provides equal employment opportunities to current and prospective employees, without regard to race, color, religion, sex, national origin, ancestry, sexual orientation, age, pregnancy, disability, handicap, citizenship, veteran or marital status, or any other legally recognized status entitled to protection under federal, state, or local anti-discrimination laws.