What are the responsibilities and job description for the Margin & Securities Transfer Associate position at Stephens Default?
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Review daily margin activity and NETX360 Pershing generated margin calls and send notifications to account reps and clients.
- Receive documentation for account transfer request.
- Validate that all required information is provided and accurate.
- Verify that all needed supporting documents are included.
- Initiate the request and follow up on transfers that do not process.
- Review requests for free delivery of securities to other broker dealers.
- Validate that the required signatures and approvals have been received.
- Initiate the delivery request in NetX360.
- Respond to questions regarding withdrawals of securities and cash from customer margin accounts.
- Initiate cash and stock entries in margin accounts as necessary.
- Assist and answer questions from sales associates concerning margin accounts, short sells, transfers, options or any other direct questions concerning customer accounts.
- Assist Retail Clearing department with duties as needed.
- Perform other task as assigned by management.
EDUCATION AND/OR EXPERIENCE
- Associate’s degree in a related field.
- 2 years of related experience and/or training.
- Equivalent combination of education and experience.
CERTIFICATIONS, LICENSES, AND REGISTRATIONS
- Fundamentals of the Securities Industry within 12 months of employment.
- Introduction to Brokerage Operations within 12 months of employment.
- Margin Course preferred.
- Advance Margin/Option Course preferred.
REQUIRED TESTING
- Microsoft Word
- Excel
- PowerPoint
- Alpha/Numeric Data Entry
- 10-Key
