Stock Loan Operations Specialist

Your Opportunity

At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.

 

Operational Services is the leading provider of custodial, trading, settlements, technology and practice management to retail and registered independent advisory firms. We provide operational services to sophisticated wealth-managers and retail investors who attract and retain affluent clients, as well as profitably, grow, compete and succeed in their business efforts.

 

What you’ll do:

The Securities Lending Operations team is a dedicated group of Specialists that support the Securities Lending trading desk. They perform cash balancing, reconciliation of firm accounts, rate changes and regulatory compliance for the trading desk and firm.  The team operates in a fast-paced environment working with traders and contras in processing all types of transactions to provide excellent client experience.

 

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s).

What you have

To ensure that we have fulfilled our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.

 

Required Qualifications

• 3 plus years of Financial Services experience.
• Must have strong working knowledge of Securities Lending Operations
• Knowledge of DTCC/CNS
• Experience with working of Rule 204 delivery obligations, Customer protection Rule 15c3-3, firm accounts reconciliation, Regulation SHO, clearance and settlement, process improvement regulatory and risk-based rules.

 

Preferred Qualification:       

• Knowledge of Loanet (FIS)
• Bachelor’s degree preferred or 4 plus years equivalent experience
• FINRA Series 7 license preferred
• Ability to execute and control while successfully mitigating regulatory and financial risk in a fast moving, risk laden environment
• Ability to apply accumulated knowledge to resolve, research and reconciliation issues related to Securities Lending as well as ability to analyze a variety of issues (ranging from simple to very complex), with strong attention to details
• Good presentation, written and verbal communication skills

In addition to the salary range, this role is also eligible for bonus or incentive opportunities