Wealth Management Ops Analyst (Max 28hr W2)
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Job Location:
New York City, NY - USA
Monthly Salary:
Not Disclosed
Posted on:
5 hours ago
Vacancies:
1 Vacancy
Job Summary
Wealth Management Operations (WMO) works with the field to support transactions involving Low Priced Securities (LPS). WMO-LPS conducts due diligence to ensure that Business Units have correctly determined client/issuer LPS eligibility criteria as defined in the LPS Compliance Policy. An important part of the service provided by WMO-LPS is education and guidance to the FAs CSAs Risk and Service Organizations on internal procedures and regulatory updates.
Position Summary and Responsibilities:
Maintain knowledge of the current regulatory environment for Penny Stocks and Microcap Securities
Ensure compliance with all internal and external regulatory requirements such as AML KYC regulations suitability standards and internal LPS policies
Responsible for the daily monitoring and review of low-priced transfers (ACATS DRS DTC DWAC & Physical Stock Certificates)
Responsible for reviewing low-priced purchases deposits & sale orders requests
Respond to Branch inquiry requests and advise the field on the LPS policies
Perform surveillance and monitoring to identify patterns and trends that require escalation to Risk & Compliance
Experience with reviewing contracts stock purchase agreements stock certificates and merger agreements
Execute due diligence and conduct research online via external databases (e.g. OTC Markets Edgar).
Maintain knowledge of the Securities Act of 33 & Exchange Act of 34 Rule 144 Rule 903 & 904 Regulation S and Section 16
Qualifications
Undergraduate degree
3 years of experience with a brokerage firm or securities regulatory agency
Excellent communication and time management skills
Attention to detail
Ability to think outside the box
Knowledge of external databases
Proficiency with Microsoft Excel and PowerPoint
Ability to work well in a closely coordinated team.
Progress towards Client SIE Series 7/63 (or 66) a plus not required
Additional Information :
All your information will be kept confidential according to EEO guidelines.
Remote Work :
No
Employment Type :
Contract
Key Skills
- Arabic Speaking
- Internal Audit
- Biotechnology
- ABAP
- Learning Management System
- AV
