Janney Montgomery Scott - Philadelphia, PA

posted 16 days ago

Full-time - Entry Level
Philadelphia, PA
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Operations Control Analyst at Janney Montgomery Scott LLC plays a crucial role in the Operations Control team, supporting various operations by providing break reports, regulatory testing, and supervision. This hybrid position requires the analyst to work approximately three days a week in the Philadelphia Headquarters, focusing on compliance with securities regulations and enhancing operational efficiency.

Responsibilities

  • Monitors daily securities possession or control requirements to ensure compliance with the Customer Protection Rule (15c3-3) and communicates deficits to appropriate Operations departments.
  • Performs daily, monthly, and ongoing controls for the firm's Fully Paid Lending program.
  • Assists in interpreting new or changing securities rules, regulations, and policies, updating processes for compliance.
  • Oversees prospectus delivery compliance and collaborates with Compliance and Risk departments.
  • Compiles operational account information for internal and external auditors (e.g., FINRA, SEC, PwC).
  • Identifies opportunities for operational efficiency and suggests solutions to the Operations Control Manager.
  • Maintains compliance with SEC 17Ad-17 by working with unclaimed property vendors on potentially lost client accounts.
  • Facilitates the transfer of cash and assets to the state's unclaimed property division.
  • Responsible for the firm's bi-monthly Short Interest reporting to FINRA.
  • Performs daily review and distribution of break reports to various operations departments.
  • Participates in working groups to gain industry knowledge on current regulatory events.

Requirements

  • Bachelor's degree in business/finance or a related discipline.
  • Minimum of two years' experience in accounting, banking, or financial services, particularly in brokerage operations.
  • Proficiency with Microsoft Excel.
  • Ability to create queries in SQL.
  • Familiarity with SEA rule 15c3-3 - Customer Protection.
  • Familiarity with SEA rule 17a-13 - Quarterly Securities Count.
  • Familiarity with the unclaimed property/escheatment process.
  • Familiarity with FINRA Rule 4560 - Short-Interest Reporting.
  • Familiarity with the Securities Acts of 1933 and 1934 as they relate to prospectus delivery.
  • FINRA Series 7 required (or ability to obtain within 180 days from hire).

Benefits

  • Paid Paternal Leave
  • Generous Paid Time Off
  • Eligibility for a $2,000 referral bonus
  • Professional Development Assistance Plan
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