SVP, Director of Clearing Operations - Great Falls

  • D.A. Davidson
  • Great Falls, MT, USA
  • Feb 05, 2024
Full time Finance Operations Senior Level

Job Description

Job Description

Summary/Function:

This is a senior level management position that leads a team of Operations professionals responsible for all areas within a self-clearing brokerage-operations group. Responsibilities include strategic planning, associate development and directing a large clearing operation group which provides firm wide support. Oversite and management of a team of 100+ associates. This position will work closely with senior corporate leaders along with the Wealth Management retail and Institutional business lines. This individual will have an executive presence and be a strategic and tactical thinker with the ability to manage the day-to-day activities of a broker-dealer clearing entity.

Experience and Skills

Qualifications:

  • BS or BA in related field
  • Successful completion of the FINRA Series 27 FINOP License
  • Proven management and leadership experience.
  • Exceptional interpersonal, oral and written communication skills
  • Prior experience in a securities clearing environment
  • Seasoned knowledge of the securities industry rules and regulations (FINRA/SEC/Others)
  • Strong background in clearing operations systems (BetaNXT/Envestnet/DTCC/Others)
  • Familiar with general accounting principles
  • Strong organizational skills and attention to detail
  • Ability to manage multiple vendor relationships
  • Able to establish policies and procedures; maintain adherence with client and firm confidentiality
  • Able to communicate in a clear and professional manner with a service oriented approach in order to partner effectively and exchange ideas and information across the organization
  • Ability to proactively work with both external and internal clients; relate with others in a professional manner in order to accomplish work responsibilities and objectives.

Duties:

  • Development of departmental and leadership goals
  • Provide leadership with a Senior Management Operations team
  • Plan, staff, direct personnel activities to include:

- Interview, hire and terminate employees

- Prepare performance appraisals

- Administer and manage large budgets

- Provide staff development, training and work direction

- Take appropriate actions when disciplinary requirements are necessary

  • Oversee the daily management of operational functions of the Operations Clearing areas
  • Maintain relationships with vendors such as BETA, Broadridge, Envestnet and others
  • Communicate effectively to the COO and the other executive level leaders
  • Represent D.A. Davidson on various SIFMA and industry committees
  • Work with Compliance and Legal on regulatory changes in the industry
  • Monitor external and internal audits
  • Operations Principal signoff of the monthly Focus report
  • Help manage and develop the leadership teams in Operations
  • Develop, implement, and maintain and monitor department policies and procedures (WSP’s)

What we offer:

  • Competitive salary plus excellent benefits and perks including, but not limited to:
  • Medical, Dental and Vision
  • Company 401(k)and ESOP contribution
  • Generous sick, vacation, and maternity/parental leave
  • Paid holidays
  • Professional Development Opportunities
  • Tuition Reimbursement ($15,000 lifetime cap)
  • Discounted personal insurance including home, auto and recreational vehicles
  • Charitable gift-matching program
  • Davidson Day of Giving - Our tradition of positively impacting communities in which we live and work.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.