Specialist, Client Settlements

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Our Operations Division is looking for a Client Settlements Specialist to immediately join our team. This position is responsible for the settlement and balancing of mutual funds.

Responsibilities include, but are not limited to:

• Assist with handling incoming and outgoing physical certificates (e.g., deposit, re-registration, delivery), coordinate with transfer agents, and manage inventory control of stocks, bonds, statements, and warrants
• Demonstrate proficiency in FIS Securities Processing and Schwab Clearing Gateway to facilitate settlement and security transfer processes
• Coordinate with financial advisors regarding client account networking, linking, and the depositing of certificates, mutual funds, 529 plans, and annuities
• Collaborate with internal teams, external partners, and clients to ensure seamless security transactions
• Monitor incoming and outgoing automated customer account transfer service (ACATS) acceptances and rejections
• Work with the Agency Desk to manage mutual fund trade corrections, cancellations, settlements, re-billings, and calculate resulting gains and losses
• Reconcile discrepancies between Wedbush’s stock record and DTCC balances
• Perform other duties and tasks as required and assigned

Experience and Skills

• Bachelor’s Degree from an accredited university
• Minimum of 3 years of professional experience
• Hands-on experience with DTCC settlement functions required
• Experience with SunGard Phase 3 and BETA preferred
• Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint)
• Strong organizational skills with attention to detail, able to prioritize tasks and work independently
• Strong verbal and written communication skills
• Strong analytical, problem-solving, and critical thinking skills

What We Offer

Wedbush Securities (WS) aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm provided equal opportunities to succeed.

The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $26.00/hr to $33.65/hr . Colleagues may be eligible for additional , discretionary incentive compensation based on the colleague's and the firm's performance. At Wedbush, it is not typical for an individual to be hired at, or near, the top of the range for their role. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to location; skill sets; experience and training; licensure and certifications; and other business and organizational needs.

Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here https://www.e-verify.gov/employees/e-verify-overview

This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq,, Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.