Description
My client, an elite investment bank based in Jersey City, are looking for a Margin Analyst to join their expanding team for an initial 3 month contract, although it is with a view to a permanent position. The role pays a rate of $25-30 per hour (+overtime), depending on experience.Description:
The successful candidate will be responsible for monitoring day to day activity within customer margin accounts to ensure compliance and adherence to regulatory rules and regulations relating to customer accounts and the extension of credit. In depth knowledge of Regulation T and FINRA rule 4210 and the ability to interpret said rules is a must. Daily responsibilities include, but not limited to:
* Validating, distributing and following up on customer margin calls
* Reviewing/approving customer requests to move assets (cash wires and securities)
* Review daily reconciliation reports to resolve and action client position breaks providing updates to business partners and third party custodians as necessary
* Daily interaction with business partners and risk managers as necessary to resolve client related issues
Knowledge of Prime Broker business a plus specific to arranged finance and US Portfolio Margin products.
Candidate can also expect to get involved with business partners in developing, testing and implementing new products.
Requirements:
* Excellent interpersonal and communication (written and oral) skills.
* 8-10 years of experience within a credit/margin functions
* In depth knowledge of Regulation T and NYSE Rule 431.
* Working knowledge of SEC rule 15c3-3
If this role seems like a good fit, please send your resume through to me ASAP, so we can discuss further.
Thanks,
Jacob
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