Operations Control Analyst

Janney Montgomery Scott - Philadelphia, PA

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