Executive Director of Credit

The Operations Executive Director oversees multiple functional areas and establishes the strategic direction for Operations. The Director is also responsible for ensuring appropriate leadership and structure, including personnel, workflow, functions, and processes for their areas of responsibility. The Director actively collaborates with executive leadership from around the firm to determine back office/firm initiatives while ensuring the operational components are in place to drive completion. The Credit and Custody Executive Director will be responsible for the following areas: Margin and Risk Management, Sweeps and Cash Management, Tax Reporting/Dividends, Individual Retirement Accounts & Qualified Plans, Tax Lot Accounting, Security Transfer, Account Transfer, and Shareholder Communications.

Remit:

Establishes and develops oversight procedures and documentation to ensure department policies and procedures comply with industry standards and regulations.

Directs, evaluates, hires, terminates, subordinate staff, as appropriate.

Sets overall strategic direction for Operations in cooperation with other Executive Directors and Senior Management.

Communicates the firm's mission and oversees leadership within assigned departments.

Coordinates with other internal departments, such as Compliance and Enterprise Risk, to ensure firm policies are followed.

Ensures Directors have the necessary resources to fulfil new initiatives.

Ensures appropriate career paths and training and development resources are in place and used to cultivate and improve Operations associates.

Promotes effective communication within and outside areas of responsibility.

Ensures consistent adherence to Corporate & Regulatory policies.

Designs projects necessary to improve the overall efficiency of the Operations area.

Oversees new product introduction and development.

Interacts with internal/external auditors and regulators, as necessary.

Requirements

Strong working knowledge and thorough understanding of industry regulations.

Deep understanding of brokerage operations with extensive experience in the relevant subject areas.

Ability to analyze and interpret industry rules and regulations.

Positive leadership and teamwork skills to effectively manage projects. Ability to lead, train, and support team members to develop career progression within the department.

Excellent communication skills to present to internal/external business partners.

Ability to interact with all levels of management and externally with auditors and examiners.

Education & Experience

Bachelor's degree or equivalent combination of education and experience.

10+ years of experience within the financial services industry.

FINRA Series 7, 63, 24 & 27.

Proficient in Microsoft 365: Outlook, Word, Excel, and Access (or SQL).

Thorough understanding of applicable BETA functions.