FNZ Securities USA, headquartered in New York City, is a self-clearing broker-dealer which provides fully disclosed clearing and custody services to introducing broker-dealers and RIAs in the wealth management space. We are currently going through the application process with FINRA to become a licensed clearing broker-dealer and we expect to commence operations in 2024.
Specific Role Responsibilities
- Manage a team of supervisors and associates responsible for all aspects of operational processing for asset servicing including corporate actions, ACAT/non-ACAT processing, exception processing (cash and assets movements), retirement accounts and custody.
- Develop and implement operational policies, procedures, and controls to ensure compliance with regulatory requirements and industry standards.
- Lead a team of operations professionals, providing guidance, mentorship, and support. Foster a culture of teamwork, collaboration, and continuous improvement within the operations team.
- Stay abreast of regulatory changes impacting asset servicing and ensure compliance with relevant laws and regulations.
- Work in a collaborative manner with the 2nd and 3rd lines of defense to ensure regulatory compliance and timely responses to regulatory inquiries.
- Identify, assess, and mitigate operational risks associated with asset servicing activities.
- Implement risk management strategies and protocols with a focus on risk associated with corporate actions and exception processing specific to cash movements.
- Work closely with technology teams to develop, implement and maintain systems that support asset servicing operations. Evaluate and recommend enhancements to technological infrastructure to improve operational efficiency.
- Establish key performance indicators (KPIs) for asset servicing including corporate actions, ACAT/non-ACAT, exception processing, retirement accounts and custody. Regularly assess performance against benchmarks.
- Implement measures to enhance operational performance and address any identified issues.
- Provide regular updates to senior management on operational and risk performance.
Minimum Requirements
- 7+ years of industry-relevant experience managing operational functions in a self-clearing US broker-dealer operating in the wealth management space
- Detailed operational knowledge of corporate actions is required
- Currently holds a FINRA Series 24 license
- Bachelor's degree in finance, business, or a related field. Advanced degrees (e.g., MBA) may be preferred.
- Strong leadership and managerial skills.
- Excellent communication and interpersonal skills.
- Analytical mindset with the ability to identify and address operational risks.
- Willingness to adapt and respond appropriately to new demands, priorities, challenges, and obstacles
Preferred Experience
- Experience managing asset servicing operations at a self-clearing broker-dealer that provides trade, clearing, and custody services to introducing broker-dealers
- Experience reporting directly to the executive management and working closely with other executives to align on the firm’s overall business strategy
- Experience managing teams in multiple locations and leveraging shared services
- Extensive experience in all aspects of asset servicing with a particular focus on corporate actions and exception processing/cash movement related risk.
About FNZ Culture
Our culture is what drives us. It's at the heart of who we are and everything we do. It's what inspires, excites, and moves us forward. Our ambition is to create a culture for growth, one that opens up limitless opportunities for our employees, customers and the wider world. At FNZ we know that great impact is only possible with great teamwork.
That’s why we value the strength and diversity of thought in our global team.
The FNZ Way is the cornerstone of what we do. It is comprised of four values that set the standard for how everyone at FNZ interacts with each other, with our customers, and with all our diverse stakeholders around the world.
- Care hard for customers and each other
- Bring ambition to everything we do
- Own it all the way
- Work as one open team
Read more about The FNZ Way and our values: www.fnz.com/culture
Compensation
Our compensation structure takes into account the varying costs of labor across multiple geographic markets in the United States. The annual base pay for this role starts at $180,000 in our lowest-cost geographic market and goes up to $250,000 in our highest-cost market. The actual pay is determined by factors such as the specific geographic location and may also consider the individual's job-related knowledge, skills, and experience.
FNZ follows a comprehensive approach to compensation, encompassing various elements. Depending on the position offered, the total compensation package may include equity, sign-on payments, and other forms of compensation. This is in addition to providing a complete array of medical, financial, and other benefits as part of our commitment to being a total compensation company.
Opportunities
- Right from day one, you will work alongside exceptional, multicultural teams - experts in their respective fields - who will inspire and challenge you to make your greatest impact.
- Be part of a highly successful, rapidly growing, global business that is leading the delivery of financial services via cloud computing and partners with some of the world’s largest companies;
- Working in a flexible and agile way that meets the needs of the business and personal circumstances;
- Remuneration, significant financial rewards and career advancement is based on individual contribution and business impact rather than tenure or seniority;
- We provide global career opportunities for our best employees at any of our offices in the UK, EU, US, Canada, South Africa, and APAC.
Commitment to Equal Opportunities
At FNZ, we recognise that diversity, equity and inclusion are important factors contributing to our success. We embrace the unique perspective and capabilities of our current and future employees, which will help us continue to drive innovation and achieve our business goals. Recruitment decisions at FNZ are made in a non-discriminatory manner without regard to gender, ethnicity/race, faith, age, nationality, gender identity, sexual orientation, marital status, socio-economic background, disability or military veteran status where all applicants and employees are valued and respected.
In addition, we want to ensure accessibility needs are well supported, if you require specific support please advise us.
About FNZ
FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back.
We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution.
We partner with over 650 financial institutions and 12,000 wealth managers, with US$1.5 trillion in assets under administration (AUA).
Together with our customers, we help over 20 million people from all wealth segments to invest in their future.
About FNZ
FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back.
We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution.
We partner with over 650 financial institutions and 12,000 wealth managers, with US$1.5 trillion in assets under administration (AUA).
Together with our customers, we help over 20 million people from all wealth segments to invest in their future.
