What are the responsibilities and job description for the Director, Alternative Investments position at Etc Brokerage Services Llc?
JOB OVERVIEW
The Director of Alternative Investments actively oversees the firms day-to-day functions in a self-clearing broker dealer operating model. The Directors responsibilities include overseeing the daily operations of the team, ensuring timely and accurate processing of purchases and sales, dividend and income processing, reconciliation of the firms stock record, and optimizing workflows to enhance efficiency. This role includes the initiation and execution of strategic objectives including building an asset acceptance policy, transfer of positions to the DTC AIP program, establishing a modern alternative investment platform, ensuring an accurate and well-functioning security master, and building a team to execute the firms mission and values. This role will be expected to execute on an agreed business plan to achieve financial, service, risk, and operational performance targets. This role engages with the internal trading desk and external trading counterparties to ensure the broader company goals and initiatives are met. Leads by example and drives the firm to optimum operating performance with strict adherence to budget and staffing commitments.
RESPONSIBILITIES & DUTIES
- Manages purchases, sales, and income processing for all alternative investments.
- Manages team of operational support team to operate according to Written Supervisory Procedures and Desktop Operational procedures.
- Drives organizational capability by building and developing a highly committed and capable team, coaching, and mentoring incumbents and attracting additional talent as needed.
- Extensive knowledge in alternative products, services, and industry participants.
- Contacts transfer agents and asset sponsors when necessary to help clear and settle transactions in alternatives.
- Ensures firms regulatory reporting is timely and accurate
- Conducts continuous internal examinations of firms policies, operational and service procedures, and compliance requirements.
- Participates with management team to establish standard practices and systemic controls.
- Collaborates with Compliance Department to ensure the Firms trading practices are fully compliant with various regulatory authorities, i.e., FINRA, SEC, and industry operational standards.
- Assists Trading, Settlement and other operating activities in periods as requested.
- Manages a metric driven data operating environment.
- Ensures ongoing communication with affiliate partners in exceeding service level agreements, and in assessing and achieving financial goals of the company.
- Plans and oversees the implementation of systems, practices, measurements, and financial controls to expand revenue and client satisfaction
- Presents to senior management on the Alternative Investment strategy
- Works effectively with Human Resources to ensure associates are managed in a fair, caring, and consistent manner, and that training, and career opportunities are available for all.
- Performs other duties and project tasks as assigned, including but not limited to: conversions, participation in industry conferences, and employee training
QUALIFICATIONS
- Bachelors Degree preferred
- Familiar with DTCC, NSCC, OCC
- Familiar with broker dealer clearing activities with a focus on trading and trade support activities.
- Familiarity with Bloomberg Terminal a plus.
- Minimum 5 years of experience in financial services preferably in an operations leadership role inside a full-service broker dealer
- Demonstrated success in building and maintaining high performing teams that consistently meet and exceed performance expectations
- Clean U4 Securities record
PROFESSIONAL CERTIFICATIONS
- SIE, Series 7, 24, 63, licenses or willingness to obtain
TECHNICAL SKILLS
To be successful in this role, you should have experience with and an understanding of the following:
- Intermediate-Expert level proficiency with Microsoft Office
- Familiar with self-clearing broker dealer activities
- Familiar with back-office operating systems, Beta, FIS, etc.
CULTURAL COMPETENCIES
In addition to our core company competencies of Cultivates Innovation, Nimble Learning, Action Oriented, Collaborates, and Being Resilient, a successful candidate in this role should exhibit the following behavioral competencies:
- Strategic Mindset
- Develops Talent
- Drives Results
- Manages Ambiguity
PHYSICAL DEMANDS/WORK ENVIRONMENT
This job operates in a professional office environment and routinely uses standard office equipment. While performing the duties of this job, the associate is regularly required to speak and hear. The associate is frequently required to sit for extended periods of time, as well as stand, walk, use hands and fingers, and reach with hands and arms. This job requires the ability to lift files, open filing cabinets, and bend or stand on a stool as necessary.
DISCLAIMER/ASSOCIATE ACKNOWLEDGEMENT
The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this description amended at any time.