Manager, Advisor Custody and Trading - Trader Error Department
Company: Charles Schwab
Location: Goodyear
Posted on: January 19, 2023
Job Description:
Position Type: RegularYour OpportunityWe believe that, when done
right, investing liberates people to create their own destiny. We
are driven by our purpose to champion every client's goals with
passion and integrity. We respect and appreciate the diversity of
our employees, our clients, and the communities we serve. We
challenge conventions strategically to create value for our
clients, our firm and the world. We live and bring to life the
concept of 'own your tomorrow' every day. We champion our employee
strengths, guide their development, and invest in their long-term
success. We hire optimistic, results-oriented, curious, innovative,
and adaptable people with the desire to help our clients and one
another succeed. -As a company, we were established by Chuck over
40 years ago to champion Main Street over Wall Street, and to help
Americans transform themselves from earners to owners. Through
advocacy and innovation, we work to make investing more affordable,
accessible, and understandable for all. As we enter our fifth
decade, we are looking for talented, innovative, and driven people
who believe they can help themselves, and our clients, create a
better future. -Schwab Advisor Services is the leading provider of
custodial, operational, and trading support for independent,
fee-based investment advisors. We're looking for individuals
excited about helping advisors grow successful businesses through a
proactive service focused approach.What you are good atThe Advisor
Services Trading - Trade Error desk works collaboratively with
advisors, product desks, AS Service, and back office operational
groups to provide a variety of post execution solutions to provide
clients with an exceptional trading and record keeping experience.
- We are currently hiring for one position for our teams. -The
positions will be responsible for supporting the Advisor Services
trading desk in building lasting relationships with investment
advisors through the trade error process which includes, but are
not limited to, trade execution, allocations and trade correction
processes. - This individual will work closely with both clients
and business partners including Sales, Settlement Service,
Operations, Equity/Options Trading, Mutual Fund Trading, Margins,
TAS and Registered Investment Advisors. - -Responsibilities for the
Trade Error team include, but not limited to:
- Provide risk mitigation for multiple products and file trade
errors for advisors as needed
- Working collaboratively with other managers and leadership in
cross-departmental projects and initiatives
- Support month end reporting of the firm's books and records
utilized by AS Trading
- Provide statement and settlement reconciliation of client
trades executed at Schwab or for the benefit of clients that
custody assets at Schwab
- Effectively communicate and invoice billable trade error items
with advisors
- Perform consolidated custom report generation of historical
trade errors and metrics.
- Reconciliation of inventory accounts
- Performing historical research for clients associated with
errors.
- Assisting team with company & security research
- Building and maintaining relationships with advisors
- Performing principal review and approval of trade corrections
associated with errors.
- Using multiple AS applications for corrective actions and
associated movements. -*We will consider candidates at a Sr.
Specialist or Manager level, depending on experience and
licensing.What you have
- For a Sr. Specialist or Manager, a valid and active FINRA
Series 7 and 63/6 licenses (required)
- For a Sr. Specialist or Manager a valid and active FINRA Series
9/10, or series 8 (preferred) with (COE) opportunity to obtain
within 12 months
- Bachelor's degree(preferred) or equivalent work experience
- 2-5 years' experience in financial services
- Exposure to working with Advisors and institutional
trading
- Solid computer skills are a must with good general knowledge of
balance, position, and transaction systems necessary.
- Excellent written and oral communication skills, strong
organizational skills, attention to detail, and ability to
multitask are critical.
- Work well in a collaborative team environment.
- Be able to deliver complex information while maintaining a
positive client experience. -You demonstrate these behaviors:
- Customer Orientation: Quickly and effectively solves customer
problems.
- Forward Thinking: Anticipates possible problems and develops
contingency plans in advance.
- Fostering Innovation: Work cooperatively with others to produce
innovative solutions.
- Oral Communication: Organizes ideas clearly in oral
speech.
- Initiative: Identifies what needs to be done and takes action
before being asked or required to.
- Fostering Teamwork - Team Members: Seeks opportunities to work
on teams as a means to develop experience and knowledge.
- Building Collaborative Relationships: Tries to build
relationships with people whose assistance, cooperation and support
may be needed -In addition to the salary range, this role is also
eligible for bonus or incentive opportunities.Why work for us?Own
Your Tomorrow embodies everything we do! We are committed to
helping our employees ignite their potential and achieve their
dreams. Our employees get to play a central role in reinventing a
multi-trillion-dollar industry, creating a better, more modern way
to build and manage wealth.Benefits: A competitive and flexible
package designed to empower you for today and tomorrow. We offer a
competitive and flexible package designed to help you make the most
of your life at work and at home-today and in the future. Explore
.Schwab is committed to building a diverse and inclusive workplace
where everyone feels valued. As an Equal Opportunity Employer, our
policy is to provide equal employment opportunities to all
employees and applicants without regard to any status that is
protected by law. Please click to see the policy. Schwab is an
affirmative action employer, focused on advancing women, racial and
ethnic minorities, veterans, and individuals with disabilities in
the workplace. If you have a disability and require reasonable
accommodations in the application process, contact Human Resources
at or call .TD Ameritrade, a subsidiary of Charles Schwab, is an
Equal Opportunity Employer. At TD Ameritrade we believe People
Matter. We value diversity and believe that it goes beyond all
protected classes, thoughts, ideas, and perspectives.
Keywords: Charles Schwab, Goodyear , Manager, Advisor Custody and Trading - Trader Error Department, Executive , Goodyear, Arizona
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