PEAK6 - Austin, TX
posted 4 months ago
Apex Fintech Solutions (AFS) is seeking a motivated self-starter to join our expanding Operations team as an Operations Specialist (Settlements & Buy-Ins). In this role, you will be responsible for executing critical market-related and client-reporting functions that are essential to the smooth operation of our services. You will support the Settlements & Buy-Ins team by performing a variety of risk and regulatory duties, ensuring that all processes align with industry standards and regulatory requirements. This position offers a unique opportunity to contribute to Apex's core products for our introducing broker-dealers, making a significant impact in a fast-paced and entrepreneurial environment. Your primary responsibilities will include overseeing the daily settlement of domestic and international securities transactions, ensuring that all trades are processed accurately and timely in accordance with market deadlines. You will manage the buy-in process for failed trades, which involves identifying failed trades, issuing buy-in notices, and ensuring execution within regulatory timeframes. As the primary point of contact for clients regarding settlement and buy-in inquiries, you will provide prompt and professional resolutions to any issues that arise. Additionally, you will perform daily reconciliations of settlement activities to identify and resolve discrepancies between internal records and custodial accounts. Compliance and risk management will be a key focus, as you will ensure that all activities adhere to industry regulations and internal policies while identifying potential risks and implementing measures to mitigate them. Collaboration with other departments will be essential to maintain a cohesive operational environment, and you will prepare and distribute regular reports on settlement performance and buy-in activities to management and clients. Continuous evaluation and enhancement of settlement and buy-in processes will also be part of your responsibilities, aimed at improving efficiency and reducing operational risk.