I am with BCI and was curious if you or someone from your network might be interested in this opportunity:
Title: Senior Margin Associate (71-25)
Location: Chicago
Compensation: Commensurate with experience
Summary/Responsibilities:
Manage all margin and non-purpose lending on a daily basis, including identifying and communicating house and regulatory margin calls to advisors
Complete asset transfers as directed by client or advisor to maintain required margin collateral levels
Review all margin account paperwork to assure accurate completion
Assist advisors with understanding the impact of Reg. T and client options under varying lending situations
Review client accounts with naked options activity and other high risk accounts, and regularly communicate changes in risk profile to Operations management
Prepare monthly, quarterly and ad hoc reports for the Credit Committee on lending activity and any margin accounts that require special attention Prepare loan requests for the Credit Committee for large or unusual loans
Review Secured Demand Note collateral accounts for maintenance of minimum collateral levels
Communicate with appropriate individual if additional collateral is required
Monitor accounts and process payments under various cashless exercise option programs
Requirements:
Bachelor’s Degree required
5+ years’ experience in margin account area of brokerage firm
10+ years’ experience in brokerage industry
Extensive working knowledge of Regulation T, NYSE margin rules, company margin rules
Excellent knowledge of margin computation methods including margin accounts, options and short sale margin calculations
If you are interested in this opening, please email us a copy of your resume as an MS Word attachment.
Thank you,
Zach Stierhoff
BCI - Financial Services Recruiting
10 S. Wacker Dr., Suite 1250
Chicago, IL 60606
312-460-8111 x102
zach@brokerageconsultants.com
www.brokerageconsultants.com
Title: Senior Margin Associate (71-25)
Location: Chicago
Compensation: Commensurate with experience
Summary/Responsibilities:
Manage all margin and non-purpose lending on a daily basis, including identifying and communicating house and regulatory margin calls to advisors
Complete asset transfers as directed by client or advisor to maintain required margin collateral levels
Review all margin account paperwork to assure accurate completion
Assist advisors with understanding the impact of Reg. T and client options under varying lending situations
Review client accounts with naked options activity and other high risk accounts, and regularly communicate changes in risk profile to Operations management
Prepare monthly, quarterly and ad hoc reports for the Credit Committee on lending activity and any margin accounts that require special attention Prepare loan requests for the Credit Committee for large or unusual loans
Review Secured Demand Note collateral accounts for maintenance of minimum collateral levels
Communicate with appropriate individual if additional collateral is required
Monitor accounts and process payments under various cashless exercise option programs
Requirements:
Bachelor’s Degree required
5+ years’ experience in margin account area of brokerage firm
10+ years’ experience in brokerage industry
Extensive working knowledge of Regulation T, NYSE margin rules, company margin rules
Excellent knowledge of margin computation methods including margin accounts, options and short sale margin calculations
If you are interested in this opening, please email us a copy of your resume as an MS Word attachment.
Thank you,
Zach Stierhoff
BCI - Financial Services Recruiting
10 S. Wacker Dr., Suite 1250
Chicago, IL 60606
312-460-8111 x102
zach@brokerageconsultants.com
www.brokerageconsultants.com
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