What are the responsibilities and job description for the Operations Associate position at Maxim Group LLC?
About Maxim
Maxim Group, founded in 2002, is a leading full-service investment bank, securities and wealth management firm headquartered in mid-town Manhattan with multiple offices throughout the US. We have been providing a comprehensive array of financial services including investment banking, global institutional sales, equity research, fixed income and derivative sales & trading, merchant capital, private wealth management, and prime brokerage services to a diverse range of corporate clients, institutional investors and high-net-worth individuals.
Role Overview
We are seeking an entry level Operations Associate to help our team support all other departments of our busy firm. Operations is currently run from our Woodbury Long Island location. The Operations department interacts with all other areas / departments at Maxim Group and our clearing firm; Pershing. Experience in the financial services industry is not required but knowledge of the industry is welcomed. The candidate will be trained and should be motivated and eager to learn. They should be willing to become licensed in the financial industry. (General Financial license SIE, Series 99 or Series 7)
The expected compensation for this role is : $50,000 - $55,000 a year.
Job Responsibilities (include but are not limited to the following)
- Handle Physical client correspondence – track client documents
- Communicating with supporting and acting as liaison between our clearing firm and retail department registered representatives and sales assistants.
- Handle Corporate Actions items
- Cashiering (receipt and delivery of client’s funds via check, fed fund and ACH)
- Client Onboarding- open accounts or review and approve accounts.
- Margin and Regulation T – review daily reports and communicate with registered reps and sales
- Work closely with Compliance and other departments including Banking, Legal, Prime Brokerage, Institutional Sales and others.
Qualifications
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally protected characteristic.
Salary : $50,000 - $55,000