What are the responsibilities and job description for the Senior Trade Corrections Analyst - Operations position at Edward Jones?
Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500¹ company where people come first. With over 9 million clients and 20,000 financial advisors across the U.S. and Canada, we’re proud to be privately-owned, placing the focus on our clients rather than shareholder returns.
Behind everything we do is our purpose: We partner for positive impact to improve the lives of our clients and colleagues, and together, better our communities and society. We are an innovative, flexible, and inclusive organization that attracts, develops, and inspires performance excellence and a sense of belonging.
People are at the center of our partnership. Edward Jones associates are seen, heard, respected, and supported. This is what we believe makes us the best place to start or build your career.
View our Purpose, Inclusion and Citizenship Report.
¹Fortune 500, published June 2024, data as of December 2023. Compensation provided for using, not obtaining, the rating.
Behind everything we do is our purpose: We partner for positive impact to improve the lives of our clients and colleagues, and together, better our communities and society. We are an innovative, flexible, and inclusive organization that attracts, develops, and inspires performance excellence and a sense of belonging.
People are at the center of our partnership. Edward Jones associates are seen, heard, respected, and supported. This is what we believe makes us the best place to start or build your career.
View our Purpose, Inclusion and Citizenship Report.
¹Fortune 500, published June 2024, data as of December 2023. Compensation provided for using, not obtaining, the rating.
What You'll Do:
The Trade Corrections team processes mutual fund trade corrections in Select accounts and to all trades in Advisory Solutions and Guided Fund accounts. As a Senior Trade Corrections Analyst, you will Participate, lead and own project or other work regarding regulatory reviews, system enhancements, new systems, or changes. As an extension of leadership, you will communicate with stakeholders and leaders of other areas as problems arise, collaboration is needed, or complex issues arise.
Here are a few of the key responsibilities you will be a part of:
The Trade Corrections team processes mutual fund trade corrections in Select accounts and to all trades in Advisory Solutions and Guided Fund accounts. As a Senior Trade Corrections Analyst, you will Participate, lead and own project or other work regarding regulatory reviews, system enhancements, new systems, or changes. As an extension of leadership, you will communicate with stakeholders and leaders of other areas as problems arise, collaboration is needed, or complex issues arise.
Here are a few of the key responsibilities you will be a part of:
- Acting in capacity as General Securities Principal with supervisory responsibility over reviewing, approving, and processing of trade cancels, rebills, or corrections. This includes but is not limited to Mutual Funds, Equities, Fixed Income, UIT securities, and Managed/Fee-Based Accounts
- Assessment and timely rejection/approval notifications of trade cancels and rebills involving additional complex systems (of all products listed above that are in addition to the Trade Correction Analyst), all of which require strong technical knowledge and creates financial and/or regulatory risk if delayed or completed incorrectly. The trade error corrections include cancels, quantity, symbol, and buy to sell/sell to buy changes as well as account number, account type, commission, and as of correction requests.
- Requires in-depth understanding of the firm's systems, trading processes/procedures, trading systems, trade reporting requirements, regulatory guidelines, and fund company trading or third-party administrators (e.g. Surpas).
- Completing trade error correction requests timely and accurately in all product and account types utilizing the appropriate error account based on product type to ensure appropriate reporting to Finance, weekly 17a-5 reporting, and mitigate risk for the firm for strong books and records.
- Initiates and leads collaboration efforts with internal business areas outside the division independently, which includes Compliance, Field Supervision, Trading, and Service while also understanding the impacts to these areas.
- Coach and educate branch teams on trade error correction requests, best practices, and complex client situations.
- Adapts to changing and complex regulatory and reporting requirements in a fast-paced environment to ensure trade error corrections are handled accurately.
- Proactively, and in response to situations that arise, independently deepen knowledge across all corrections functions/ teams including principal review items and calculating Gain/Loss.
- Consultative approach in evaluating complex corrections spanning all Trade corrections functions/teams to determine the best solution and order of operation for the correction. Including but not limited to identifying and implementing an alternate solution while sharing knowledge and explaining the outcome.
What Experience You'll Need:
- Bachelor's degree and/or equivalent experience
- Series 7, 66, 24, 55/57, 52/53 licenses required – must have been licensed for at least two years.
- 3 years of industry experience required; 5 years of industry experience preferred-within a role that required managing risk, including:
- Strong working knowledge of securities products and trading processes for all trade correction types, including proactive investment and industry issues and trending topics.
- Advanced knowledge of products and account types such as: Mutual Funds, Equities, UIT, Fixed Income, Managed/fee-based accounts. Spanning all listed correction types, individual will also be required to have trade reporting regulation knowledge, supervisory systems & impact to corrections workflow, firm policies, and industry rules and regulations.
- Must demonstrate strong conflict-management, problem solving and independent decision-making skills. Must be able to make recommendations to resolve and improve complex or high impact system issues.
- Ability to work in a dynamic fast paced environment.
At Edward Jones, we are building a place where everyone feels like they belong. We're proud of our associates' contributions to the firm and the recognitions we have received.
Check out our U.S. awards and accolades: Insights & Information Blog Postings about Edward Jones
Check out our Canadian awards and accolades: Insights & Information Blog Postings about Edward Jones
Check out our U.S. awards and accolades: Insights & Information Blog Postings about Edward Jones
Check out our Canadian awards and accolades: Insights & Information Blog Postings about Edward Jones
Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.
Edward Jones' compensation and benefits package includes medical and prescription drug, dental, vision, voluntary benefits (such as accident, hospital indemnity, and critical illness), short- and long-term disability, basic life, and basic AD&D coverage. Short- and long-term disability, basic life, and basic AD&D coverage are provided at no cost to associates. Edward Jones offers a 401k retirement plan, and tax-advantaged accounts: health savings account, and flexible spending account. Edward Jones observes ten paid holidays and provides 15 days of vacation for new associates beginning on January 1 of each year, as well as sick time, personal days, and a paid day for volunteerism. Associates may be eligible for bonuses and profit sharing. All associates are eligible for the firm's Employee Assistance Program. For more information on the Benefits available to Edward Jones associates, please visit our benefits page.
