Senior Operations Analyst- Stock Loan Operations

More than 30 years ago, ETRADE pioneered the online brokerage industry by executing the first-ever electronic individual investor trade. While the landscape of our industry has changed dramatically, our culture of innovation and drive to make online trading accessible to everyone continues to drive us forward. We believe in challenging the status quo, fostering an environment of curiosity and learning, and, above all, putting our customers first.

RESPONSIBILITIES

SUMMARY

The Stock Loan Operations Specialist, under general supervision, is responsible for supporting the Stock Loan Desk business activities and managing operational and regulatory risks. The Associate provides processing services in support of Firm lending of excess inventory, Firm borrowing to fulfill delivery commitments, and lending of client securities under a fully paid program. The Associate coordinates the delivery of services with the Stock Loan Desk, partner Operations teams, counterparties, and external service providers.

RESPONSIBILITIES

  • Daily monitoring and close out of CNS fails in compliance with Rule 204.
  • Daily processing of stock loan and stock borrow transactions such as mark to market, recalls, returns, reorg updates, end of day balancing, contract compare, and billing.
  • Daily review of pending transactions to ensure accurate completion and to identify, report, and resolve operational and regulatory risk.
  • Collaboration with the Stock Loan Desk, partner Operations teams, counterparties as well as external service providers to ensure activities are completed within agreed service levels and regulatory prescribed time frames.
  • The identification and pursuit of process improvements.
  • Other duties as assigned.


REQUIREMENTS

Basic

Bachelor's degree

Preferred
3+ years of Stock Loan Experience
Strong organizational skills and an attention to detail
Well developed verbal and written communications skills

We offer a competitive and comprehensive benefits package. Please visit https://www.etradecareers.com/why-work-at-etrade/employee-benefits/ to learn more about the opportunities.

E
TRADE Financial is an Equal Opportunity Employer who encourages diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, disability, citizenship, marital status, sexual orientation, gender identity, military or protected veteran status, or any other characteristic protected by applicable law.


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