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Summary
The Operations Director of Settlements and Reorg oversees the receipt and delivery of securities (domestic and foreign) and money and daily reconciliation of the money balances due to or from the clearing organizations or the depository with books and records. The Director is also responsible for overseeing and managing adherence to industry rules, regulations, and securities laws and ensuring that actions taken comply with possession or control activities. They will also be responsible for disseminating and processing corporate actions - voluntary, mandatory, and timely and accurate tender offers, including working directly with DTCC and transfer agents to manage and reduce risk. The Director is also responsible for personnel, workflow, functions, and processes for their Settlements and Reorg departments and will actively participate as a member of management in determining and completing strategic back office/firm initiatives.
Essential Duties & Responsibilities
- Establishes and develops department policies and procedures to comply with industry standards and regulations.
- Directs, evaluates, hires, terminates, and counsels staff.
- Oversees the department's day-to-day operations to ensure timely and accurate processing of settlement and reorg transactions.
- Oversees the FINRA FINOP reporting program.
- Plans and organizes the operations activities through subordinate staff.
- Plans and ensures the training and development needs of the staff.
- Promotes and demonstrates effective communication within and outside areas of responsibility.
- Ensures consistent adherence to Corporate & Regulatory policies.
- Designs projects necessary to improve the overall efficiency of the Operations area.
- Interacts with internal/external auditors and regulators as necessary.
Qualifications
- Strong working knowledge and thorough understanding of industry regulations affecting settlement processes (e.g., SEC Rule 15c3-3 and SEC Rule 15c3-1).
- Deep understanding of brokerage operations with experience in settlement and reorg processes.
- Ability to analyze and interpret industry rules and regulations.
- Positive leadership and teamwork skills to effectively manage projects.
- Ability to lead, train, and support team members to develop career progression within the department.
- Excellent communication skills to present to internal/external business partners.
- Ability to interact with all levels of management and externally with auditors and examiners.
Education & Experience
- Minimum Required: Bachelor's degree or equivalent combination of education and experience.
- Minimum Required: 10+ years of experience within the financial services industry.
Licenses & Credentials
- Minimum Required: SIE, FINRA Series 7, 63, and 24 (Series 27 is preferred).
Systems & Technology
- Proficient in Microsoft Office Suite: Outlook, Word, Excel, and Access (or SQL).
- Thorough understanding of applicable BETA functions.
About Stifel
Stifel is a more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients' money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.
While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let's talk about how you can find your place here at Stifel, where success meets success.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
Stifel is an Equal Opportunity Employer.
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Stifel is committed to providing equal employment opportunities (EEO) to all associates,
applicants for employment, and individuals providing services in the workplace without regard to
actual or perceived race, color, religion, creed, gender, pregnancy (including childbirth, lactation,
child-bearing capacity, sterilization, fertility, past pregnancy condition and the potential or intention
to become pregnant and related medical condition), sexual and reproductive health decisions, sexual
orientation, gender identity and gender expression (including transgender individuals who are
transitioning, have transitions, or are perceived to be transitioning to the gender with which they
identify), national origin, ancestry, age, disability, weight, genetic information, marital status,
citizenship status, familial status, homelessness (i.e., lack of a permanent mailing address or a
mailing address that is a shelter or social services provider), status as a covered veteran or any
other protected criteria in accordance with applicable federal, state and local laws. Stifel complies
with applicable state and local laws governing non-discrimination in employment applicable to
each location in which the Firm operates. Stifel strictly prohibits any form of unlawful
discrimination.
Equal opportunity extends to all aspects of the employment relationship, including hiring,
transfers, promotions, training, termination, working conditions, compensation, benefits, and other
terms and conditions of employment. All Stifel associates are responsible for implementing this
EEO policy in their daily actions, conduct and decisions. All associates are expected to treat each
other with respect and professionalism.
Stifel is an Equal Opportunity Employer.