Wealth Management Operations Analyst

6 month trade support / middle office support role in NYC

W2 Only (not open to subcontracting)

Responsibilities

• Work with internal teams to open and maintain accounts for clients, including gathering documents, verifying key information, and communicating with stakeholders.
• Facilitate smooth transitions of securities and cash transfers by working with partners and communicating effectively with stakeholders.
• Provide operational support for structuring, booking, allocation, confirmation, settlement, and reconciliation of various financial products including FX and Derivatives.
• Process and monitor daily transactions such as reporting, trade feeds, wire transfers, and securities transfers to ensure the business runs effectively.
• Communicate with business partners and clients professionally to troubleshoot and resolve exceptions and inquiries.
• Foster a collaborative culture with internal partners to identify customer needs and ensure high-level service delivery.
• Identify and implement opportunities for process improvement to enhance service, efficiency, and productivity while maintaining a controlled environment.
• Support internal and external audits and risk assessments, ensuring adherence to department procedures and controls.
• Stay informed about industry regulatory requirements and manage risks and controls to support efficient business operations.
• Support technology and non-technology changes by participating in idea generation, specification gathering, testing, and ensuring effective delivery.

Required Skills

• Knowledge of account opening processes and regulations for bank and brokerage accounts.
• Understanding of Cash, Securities, FX, and Derivative products and related financial market processes.
• Familiarity with trade processing, regulatory reporting, trade booking, settlement, custody, and reconciliation.
• Strong analytical, problem-solving, communication, and organizational skills.
• Understanding of various risks including market, operational, legal, and regulatory.
• Ability to work collaboratively in a diverse team environment while maintaining high client service standards.
• Ability to identify and implement continuous improvement activities within the department.
• Knowledge of industry systems such as DTCC, Euroclear, Fedwire, FICC, SWIFT, Bloomberg, NetX360.

Required Experience

• Minimum of 2 years of operational support experience in financial services, preferably with a broker-dealer, bank, or investment advisor.
• Experience with client account opening and regulations.
• Experience with Cash, Securities, FX, and Derivative products and markets.
• Experience with regulatory reporting, such as Client TRACE.
• Experience in engaging with internal and external clients, such as Trading Desks and Wealth Management Advisors.
• High school diploma or GED required; Bachelor's degree in economics, business, mathematics, or related field preferred.