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Brokerage Operations Analyst Sr, Futures in Chicago, IL at TradeStation

Date Posted: 11/10/2022

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 Brokerage Operations Analyst Sr is responsible for various settlement processes for back-office operations.  These functions include equities and options balancing, cash and trade reconciliation with the depositories (DTC and OCC), point balance reconciliation, cancel and corrections of top day trades, average pricing, static data maintenance and option expiration. Responsibilities also include the coordination of activities with the trade desk, including but not limited to margin and balancing exceptions.

What You’ll Be Doing:
  • Research and reconcile daily trade breaks, unaffirmed equity trades and identify root causes, themes and remediation
  • Process cancel and corrections, daily reconciliation of CNS, Fund SERV and OCC general ledger accounts
  • Assist the futures back office team with processing option exercises and assignments in GMI
  • Perform post trade allocations and take ownership of functions including but not limited to static data maintenance and trade bookings in GMI
  • Assist the Sec Lending Confirm Team to review the Quarterly Incoming Loans/Borrow Confirms
  • Review depository collateral requirements daily and perform weekly/monthly 15c3-3 reconciliation
  • Ensure post-trade prospectus delivery is maintained and reviewed daily
  • Liaise with counterparties to reconcile discrepancies arising due to Incorrect Trade booking or erroneous clearance, Price correction and/or quantity mismatch and address escalations
  • Participate in internal audits and respond to regulatory Inquiries and escalations
  • Identify operational inefficiencies and suggest improvements and risk mitigating enhancements
  • Contribute to management reporting, which may include providing statistics related to KRI’s and KPI’s
  • Perform blue sheet reporting
The Skills You Bring:
  • Knowledge of FIS Phase 3, GMI and Clearvision recommended
  • Knowledge of OCC, DTC PBS, settlements, or Nasdaq ACT Workstation a plus
  • Basic knowledge of financial markets and accounting principles
  • Proficient in MS Excel, Word, and Outlook; knowledge of Pivot tables is a plus
  • Ability to travel for business continuity purposes and be available to work weekends/some holidays
Minimum Qualifications:
  • Bachelor's degree required
  • 3+ years of experience in trade processing, clearance and reconciliation of equities, options, mutual funds, futures, and futures options
  • Desired Qualifications:
  • Any combination of active FINRA Series 3, 4, 7, or 99 licenses is preferred, but not required
What We Offer:
  • Collaborative work environment
  • Competitive Pay
  • Yearly bonus and generous 401k plan
  • Comprehensive benefits for you and your family starting Day 1, including a Veterinary Discount Plan!
  • Generous Paid Time Off plans
  • Flexible working environment
  • TradeStation Account employee benefits, as well as full access to trading education materials

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.


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