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Vice President, Operations- Clearance and Settlement - Req. 1803653


Job Summary:


Under administrative direction, uses extensive knowledge and skills obtained through education and experience to oversee one or more sub-departments within Operations. Leads large projects, programs or processes with significant business impact involving cross-functional teams.  Influences strategic direction and develops tactical plans and completes complex assignments with substantial latitude for un-reviewed actions or decisions.  Extensive contact with Senior Management is required, to provide comprehensive solutions to complex problems or needs.


Essential Duties and Responsibilities:


• Plans, assigns, monitors, reviews, evaluates and leads the work of subordinate managers and supervisors.

• Performs human resource management activities, including coaching and mentoring subordinates within a performance management culture.

• Coaches and mentors subordinates, identifies training needs, and creates development plans.

• Interprets, applies and recommends changes to organizational policies and procedures.

• Collaborates with private client group management to identify and implement solutions.

• Monitors regulatory compliance with internal and external groups including auditors, FINRA, IRS, SEC and others.

• Establishes objectives with a sense of urgency and develops processes and procedures to ensure efficient and timely work flow.

• Works with product managers and information technology groups to create system requirements that will facilitate processes; moves projects through to implementation.

• Performs periodic reporting on work progress, project completions and additional ad-hoc reporting as required.

• Maintains regular contact with senior manager and other internal customers to identify, research, and resolve issues.

• Ensures effective coordination occurs between assigned functional area(s) and other areas.

• Identifies trends and implements corrective action as necessary.

• Uses financial data and performance indicators to establish control mechanisms and other improvement initiatives.

• Develop and administer policies, procedures, and budget for the department.  Ensure policies and procedures are interpreted and carried out properly.

• May manage multiple departmental budgets.

• Performs other duties and responsibilities as assigned.


Knowledge, Skills, and Abilities:

Knowledge of:

• Company’s working structure, policies, mission, and strategies.

• Project management methodology sufficient to act in a sponsorship role.

• Principles of finance and securities industry operations.

• Financial markets and products.

• Performance management.

Rules of all street side clearance and settlement

Complete understanding of DTCC, Fed clearance, and OCC.

Some knowledge of International clearance is preferred

Skill in:

• Preparing operational budgets. 

• Interpreting and applying policies and procedures.

• Establishing operational objectives.

• Implementing processes and procedures for efficient and timely work flow.

• Preparing management reports.

• Promoting effective coordination between work groups. 

Ability to:

• Plan, assign, monitor, review, evaluate and supervise the work of others.

• Coach and mentor others.

• Identify training needs and develop subordinates.

• Balance conflicting resource and priority demands.

• Maintain currency in assigned area of responsibility.

• Partner with other functional areas to accomplish objectives.

• Facilitate meetings, ensuring that all viewpoints, ideas and problems are addressed.

• Incorporate needs, wants and goals from different business unit perspectives into operational processes.

• Read, interpret, analyze and apply information from job-related publications.

• Incite enthusiasm and influence, motivate and persuade others to achieve desired outcomes. 

• Interpret and apply policies. 

• Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.

• Communicate effectively, both orally and in writing.

• Work independently as well as collaboratively within a team environment.

• Lead others in providing a high level of customer service

• Establish and maintain effective working relationships at all levels of the organization.

Educational/Previous Experience Requirements:

• Bachelor’s Degree (B.A.) in finance, business administration or related field and eight (8) years experience in  financial services, including five (5) years in a management position.


• Any equivalent combination of experience, education, and/or training approved by Human Resources.


• Series 99, or ability to obtain within 120 days (as required by FINRA), required

(Persons holding Series 6, 7, 17, 37 or 38 or those who hold principal-level registrations: Series 4, 9/10, 14, 16, 23, 24, 26, 27, 28, 51, and 53 would be qualified to register as an Operations Professional (Series 99) without passing the examination.)

• Ability to obtain Series 7 License or other FINRA Licenses (as required).