What are the responsibilities and job description for the Operations Manager, Settlements position at Hilltop Holdings?
Job DescriptionHilltop Securities is currently looking to hire an Operations Manager, Settlements in Dallas, Texas. The Operations group is a collection of sub-departments which is responsible for everything after an account is opened or a trade occurs. The Operations group's responsibilities include opening customer accounts, account maintenance, receiving and delivering money and securities to customers, and many more. The Settlement department is responsible for the clearance and settlement of securities. This area receives and delivers physical securities as well as book-entry securities through the Depository Trust and Clearing Corporation to and from broker / dealers and custodian banks. Settlement handles a wide variety of products for retail and institutional customers. Products include Corporate and Municipal Bonds, Common and Preferred Stock, Foreign Securities, and Government Issues. In addition to facilitating the settlement of securities from Broker to Broker, the settlement group also performs Prime Broker functions.ResponsibilitiesEssential FunctionsResponsible for direct supervision, development, and evaluation of department staff members.Responsible for development, maintenance, and monitoring of controls to ensure regulatory and service standards are not only met but exceeded.Supports performance of daily, weekly, and monthly department tasks.Assists with technical issues as needed.Responsible for communication and effective interaction with business analysts, programmers, and other outside sources to facilitate product development and process support.Must use proactive measures to produce desired results, including the development of new procedures, and improving procedures already in place.Monitoring and managing prime brokerage operations for the firm according to regulatory and industry standards.Domestic and International fail monitoring, billing, and fee tracking.QualificationsQualificationsExtensive knowledge of Brokerage Firm Operations specific focus in the settlement area.Knowledge of regulatory and customer requirements relative to Institutional and Inter-Broker Dealer settlement.Ability to formulate goals and project plans and direct execution of the action items.Ability to quickly interpret and resolve problems.Excellent customer service and communication skills.Education : Bachelor's degree; or 5 years related experience and / or training; or equivalent combination of education and experience.Licenses / Registrations / Certifications : Series 7 or Series 99About UsAt HilltopSecurities, we believe in building noble and collaborative relationships that enrich the financial future of individuals, businesses and communities. With an extensive portfolio of products, we deliver a broad range of investment banking and related financial services that help our clients achieve their definition of success. As a subsidiary of HilltopHoldings, which also encompasses PlainsCapital Bank, and PrimeLending, we have the financial strength and stability that has withstood the test of time. Our nationwide presence in 400 locations across 44 states provides our associates with extensive opportunities to grow their careers in a diverse organization that truly values relationship capital above all else.About the TeamThe Operations department's work is vital to the functionality and success of HilltopSecurities. The department provides back-office support and service for the entire firm. With well over 100 employees ranging from specialists to senior managers, each individual plays a specific role in the overarching operation of the company. Operations' areas of focus include clearance, settlement, unit investment trusts, government and mortgage-backed securities, money market instruments, and OTC derivates. Our Operations professionals also manage transactions between mutual funds and insurance carriers and their respective investors. As a part of Operations, you are expected to provide high quality customer service, doing your best to make sure our clients succeed, and keeping their best interests as your highest priority. We value all of our team members, and your commitment to our firm will have a significant impact on the way we operate. We encourage all Operations employees to obtain FINRA licenses and support them in this endeavor. We also provide additional professional development resources to help advance our team members' careers. In the Operations department, you will be surrounded by people who are passionate about HilltopSecurities and upholding our reputation as a leading municipal investment bank.
