Securities Lending Analyst in New York, NY at TradeStation

Date Posted: 5/3/2021

Job Snapshot

Job Description

Securities Lending Analyst
New York, NY
#WeAreTradeStation

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.  We have built a team of amazing people who work together in a high-performance culture to provide our clients with exceptional products and services.  We offer a collaborative and flexible work environment, competitive salaries, comprehensive benefits and an unlimited PTO policy.
POSITION SUMMARY:
The Securities Lending Analyst will be responsible for performing all daily operational processes involving our securities lending business.  This role will report to and work closely with the Director of Securities Lending as well as senior members of the securities lending team.  The successful candidate will be involved in a broad range of activity while gaining valuable market experience across US securities and trade lifecycle management. This entry-level role will allow the candidate opportunities to develop and grow their understanding of the securities lending and brokerage businesses.
ESSENTIAL JOB FUNCTIONS:
  • Work with department head and learn all processes of equity and fixed income lending support operations
  • Become an integral part of the lending operations team, assist with covering broker-to-broker and fully paid lending accounts
  • Facilitate mark-to-market adjustments, OOC marks processing, booking, cancel and correct borrows and loans, stock and cash break reconciliation, rate changes and contract compares
  • Train with senior personnel and learn the Loanet application
  • Complete EOD balancing and management reporting
  • Process corporate actions and buy-in requests
  • Set-up new counterparty accounts
  • Initiate monthly interest rebate settlements
  • Process quarterly audit confirmations
KNOWLEDGE, SKILLS & ABILITIES:
  • Must operate with a high level of integrity and precision
  • Analytical – Must be able to identify and manage firm risk
  • Organization – Must be able to prioritize responsibilities to ensure deadlines provided by regulators and firm are followed
  • Multi-Tasking – Must be able to work in a fast-paced deadline driven environment
  • Communication – Must communicate effectively and efficiently with advisors and other operational groups
  • Microsoft Excel – Compiling data and executing calculations
  • Microsoft Access – Creating and managing various databases
  • Microsoft Outlook and Microsoft Word proficiency
  • Must be a self-starter with lots of initiative and enjoy working in a team atmosphere
  • Willing to take on new objectives and initiatives to expand the organization
EDUCATION & EXPERIENCE:
  • Bachelor's degree required
  • Some brokerage experience/background recommended