Broker Dealer Job Description

Broker Dealer Job Description

4.5
181 votes for Broker Dealer
Broker dealer provides effective training on software, books and records, FINRA, SEC and state Rules/Regulations in addition to firm policies and industry Best Practice to registered representatives and internal staff as needed.

Broker Dealer Duties & Responsibilities

To write an effective broker dealer job description, begin by listing detailed duties, responsibilities and expectations. We have included broker dealer job description templates that you can modify and use.

Sample responsibilities for this position include:

Review books and records of a clearing firm to verify that customers' activities are in compliance with applicable rules and regulations
Expand the client base in their channel by proactively prospecting for right fit clients
Make all necessary and relevant contacts, both phone and email, to existing clients and prospects
Provide research, case preparation and analytical sales support for external wholesalers and clients
Send out timely updates and communications
Maintain product knowledge while gaining insight into the competitors solutions
Collaborate on effective territory management and focus with their external partner for greatest impact
Provides strategic and operational leadership for assigned teams
Develop and manages day to day cost-effective, efficient, and accurate processing and/or handles escalations to deliver a high-quality level of service for advisors and retail clients
Leads and develops a team to ensure there is an engaged, motivated and high performing workforce in place

Broker Dealer Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Broker Dealer

List any licenses or certifications required by the position: CPA, CIA, CFSA, CFA, ACAMS, IIBA, SMMP, AML

Education for Broker Dealer

Typically a job would require a certain level of education.

Employers hiring for the broker dealer job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Business, Accounting, Financial Services, MBA, Education, Graduate, Sound, Management, Economics

Skills for Broker Dealer

Desired skills for broker dealer include:

Securities industry
Investments and competitive environment
PC and MS Office software
Rules and regulations
Business unit products
Processes and systems
Product types and market trading functionality
Mutual funds
ETFs
Excel

Desired experience for broker dealer includes:

Self-motivated and strong team player with excellent management, organisational and inter-personnel skills
Good understanding of the UK financial regulatory regime as applicable
Have the appropriate industry qualification such as IOC to meet the FCA Training & Competence regulations required to perform overseeing functions
Service provider management & oversight experience is desirable
Must have proven track record of sales success
Must manage territory efficiently and with a level of organization and demonstrated by their ability to develop and follow a plan, manage T&E's appropriately, making efficient use of time with clients (gets the most out of each visit), approaches office appropriately/wisely, targets right individuals

Broker Dealer Examples

1

Broker Dealer Job Description

Job Description Example
Our company is looking to fill the role of broker dealer. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for broker dealer
  • Ensures all processes are compliant with FINRA and SEC rules/regulations and internal policies and procedures
  • Participate in developing a review work plan based on the results of the annual compliance risk assessment
  • Ensure review work plan addresses regulatory priorities and that reviews are designed to meet applicable regulatory guidance
  • Periodically report on significant activities conducted and planned for the upcoming period
  • Review all banking-related reports prior to vetting the report with other stakeholders
  • Representation of all products distributed and marketed by Columbia Management
  • Conducts sales or product training meetings and public seminars for financial advisors
  • Keeps abreast of industry/market trends and developments and maintains sound working knowledge of Columbia's products and services
  • Daily and monthly posting of journal entries
  • Month-end close and financial statement preparation
Qualifications for broker dealer
  • Experience with independent broker dealers and regional firms preferred
  • Technical market knowledge
  • Actual experience in the design and implementation of the above programs
  • 10+ years of previous management experience within an operations function
  • Extensive experience and knowledge of regulatory requirements within brokerage operations
  • Ability to think and lead strategically, while still considering tactical, day-to-day concerns
2

Broker Dealer Job Description

Job Description Example
Our company is growing rapidly and is looking for a broker dealer. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for broker dealer
  • Monitoring Net Capital
  • Preparation of annual audited financial statements
  • Daily / monthly financial reporting
  • Interacting with brokers and third party service providers
  • Acting as a liaison with other department within the firm, such as Legal, Compliance and Operations
  • Implementing policies, procedures and internal controls
  • Works closely with Back Offices to resolve Fund/SERV rejected trades within the required timeframe
  • Maintains a working knowledge of the NSCC's Fund/SERV product, fund changes, and policies so that questions and issues can be handled appropriately
  • Partners with the other Dealer Services teams, BFDS, and other Departments to ensure that service expectations are met, work is completed per the stated guidelines, and issues are resolved in a timely fashion
  • Gains professional growth by actively participating in training classes, monthly call monitoring feedback sessions, and performance discussions
Qualifications for broker dealer
  • Strong ability to work across multiple levels of leadership
  • Ability to effectively partner and influence both internal and external partners required, including leaders at all levels of the organization
  • Comfortable working and leading in a flexible, fast-paced environment
  • Strong prioritization skills and able to manage multi tasks in order to accomplish competing assignments
  • Solid mutual fund and registered plan knowledge
  • Solid experience in US GAAP and broker dealer regulatory reporting
3

Broker Dealer Job Description

Job Description Example
Our growing company is looking for a broker dealer. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for broker dealer
  • Process updates to the DST system as needed per requests from intermediaries
  • Assist with NSCC Trading and NSCC Liaison teams when needed
  • Oversee FINRA and SEC audits for the BD and RIA’s internal and independent audits
  • This is a manager of managers position that leads a team of approximately 35 professionals performing various supervisory, risk management, operational and oversight functions
  • This is a management position that leads the BD organization across related supervisory, risk management, operational and oversight functions
  • Answers and responds to inquiries from intermediaries
  • Analyzes and prepares transaction adjustments
  • Performs a review of assigned reports and processed work
  • Represents Intermediary Services during projects and initiatives
  • Securities recordkeeping and operational regulatory requirements
Qualifications for broker dealer
  • Risk/Control - Ensures risks are appropriately identified, and are measurable able to be monitored in firm's Systems
  • Influence/Negotiation - Consistently reads different situations accurately and takes appropriate approach to gain senior colleague/client commitment
  • Experience with GAAP, General Ledger, and Internal Controls
  • 4 year College degree in business or accounting desired
  • 15+ years of operations/compliance/risk management experience with a diversified financial services organization
  • Experience with FINRA and SEC audits for the BD and RIA’s internal and independent audits
4

Broker Dealer Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of broker dealer. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for broker dealer
  • Builds and maintains a broad knowledge base of the securities industry (regulatory, markets, products, processes, and operational methodologies)
  • Oversight of email review processes/programs
  • Risk assessments, and
  • Broker-dealer training programs
  • Perform testing to verify compliance with recordkeeping and operational regulatory requirements
  • Administer an email surveillance program acting as a key Retirement Compliance liaison supporting appropriate supervisory practices
  • Assist in preparation of Risk Assessments
  • Coordinate annual broker-dealer compliance training (including assistance with development and deployment of web-based training), prepare and issue management reports on completion of annual broker-dealer training
  • Support business continuation planning as BCP Inputer and backup BCP Planner
  • Create and maintain broker-dealer Written Supervisory Procedures
Qualifications for broker dealer
  • NASD series 7, 63/65/66, 24 securities licenses preferred
  • Clean compliance record, no contractual restrictions regarding distribution of investment products
  • Juniors, who are pursuing a major in economics, finance, investments or related fields
  • 0-2 years of professional experience, preferably in a customer service role
  • Assist with review of gift & entertainment requests
  • Compliance and/or relevant retirement business experience required (background in compliance, legal, operational, audit or other control functions is helpful)
5

Broker Dealer Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of broker dealer. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for broker dealer
  • Reconcile draw, bonus, and salary expenses and post tax deductions
  • Reconcile and post required transactions to the general ledger and commission based employee blotters
  • Reconcile all aspects of commissions, transfer pay, and post tax deductions
  • Perform audits to ensure taxable wages are in balance
  • Maintain policy and procedures manuals
  • Work as a liaison with the banks responsible for ACH and physical paycheck processing
  • Administer commission based employee payouts, compensation, and special deals
  • Assist with reconciliation of commission payable accounts
  • Print and seal payroll checks
  • Reconciles Financial Advisor's blotter commissions to paycheck commissions
Qualifications for broker dealer
  • Strong relationship management skills, confidence in dealing with senior business contacts with the understanding of service excellence
  • Client relationship management experience a plus
  • Strong analytical skills (e.g., understanding of more complex regulatory requirements and their application to the retirement business)
  • Strong technology/software application skills
  • Ability and willingness to partner with team members and PR business associates
  • Series 6 or 7 registration a plus

Related Job Descriptions

Resume Builder

Create a Resume in Minutes with Professional Resume Templates