Cash and Controls Associate II
On-site · Newark, Delaware, United States
Job Summary
Associate II in our Prime Brokerage team responsible for overseeing funding management for managed demand deposit accounts (DDA), ensuring proper allocation of wires to client/funding accounts within thresholds. Performs comprehensive ledger reconciliation, identifies and addresses discrepancies, collaborates with various lines of business to fund appropriately, validates internal entries for processing, leads cross-functional projects, contributes to end-to-end process reviews and operating model improvements, implements controls to mitigate financial risk, supports strategic initiatives with Product, Tech, and Change partners, and ensures knowledge of front-to-back operations (confirmations, settlements, regulatory reporting). Expected to obtain FINRA Series 99 certification within 12 months of start date and leverage automation to optimize trade lifecycle operations.
Required Qualifications
- 3+ years of experience in managing trade lifecycle processes, with a focus on cash movements and funding for managed demand deposit accounts
- Demonstrated proficiency in using automation technologies to optimize trade lifecycle operations and implement process improvements
- Advanced knowledge of market product definitions, operating procedures, and industry regulations, with the ability to apply this knowledge in day-to-day operations
- Proven ability to manage projects effectively, with experience in leading cross-functional teams and delivering results within set timelines
- Proficiency in data analysis and interpretation, with experience in using various systems and tools for ledger reconciliation and discrepancy resolution
- FINRA licensing: SIE + Series 99 (or willingness to obtain)
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