Role & responsibilities Functional Expertise: • 15-17 Years of experience with Strong understanding of Wealth management Operations • Have experience of leading Global Wealth Management team of 100 -120+ with strong expertise in running Brokerage and Fiduciary functions - broker dealer, Corporate Actions, Reconciliations, Account Opening / Maintenance / Closing, Asset Transfer, Cash Sweep, Account Conversion • Good knowledge and working experience in equities & fixed income, money market, alternative investment, mutual fund, Insurance products for Global Markets • Deep domain experience in managing Account Opening / Maintenance / Closing process within Brokerage and Fiduciary functions • Sound understanding related to Customer on-boarding (customer account data and document maintenance) for Fiduciary and Brokerage, • Sound understanding related to Collection, maintenance, reinvestment (i.e., sweeps) and disbursement of funds, • Sound understanding related to Receipt and delivery of securities and funds, account transfers, • Sound understanding related to Bank, custody, depository and firm account management and reconciliation, • Sound understanding related to Settlement, fail control, buy-ins, segregation, possession and control, • Sound understanding related to Trade confirmation and account statements, • Sound understanding related to Margin, • Sound understanding related to Stock loan/securities lending, • Sound understanding related to Prime brokerage (services to other broker-dealers and financial institutions), • Sound understanding related to Financial control, including general ledger and treasury, • Contributing to the process of preparing and filing financial regulatory reports, • Defining and approving business security requirements and policies for information technology, including but not limited to systems and data, in connection with the covered functions, • Defining and approving information entitlement policies in connection with the covered functions; and • Posting entries to a member's books and records in connection with the covered functions to ensure integrity and compliance with the federal securities laws and regulations and FINRA rules.
