Retail Clearing Associate
New Today
Key Responsibilities
General Operations Support:
Sort and distribute or process departmental mail promptly, including checks, certified/registered mail, and FedEx deliveries.
Receive checks both via mail and at the Customer Service Window.
Scan and apply funds to the correct customer or firm accounts.
Print checks processed in the LR Branch and prepare for mailing, branch pickup, or FedEx shipment.
Image all documents into the firm’s online record retention system.
Serve as a backup for other Retail Clearing Department functions.
Primary contact for processing ACH and check requests received by email.
Perform any other related tasks as assigned by management.
ACAT Transfers:
Receive and review documentation for account transfer requests.
Ensure all required information and supporting documents are complete and accurate.
Initiate transfer requests and follow up on incomplete or delayed transfers.
Assess requests for free delivery of securities to other broker-dealers.
Confirm required signatures and approvals are in place.
Initiate delivery requests in NetX360.
Margin Operations:
Address inquiries regarding the withdrawal of securities and cash from customer margin accounts.
Initiate cash and stock entries in margin accounts when necessary.
Provide assistance to client associates on margin accounts, short sales, transfers, options, and other account-related matters.
Monitor daily margin activity and NETX360-generated margin calls, sending notifications to account representatives and client associates.
EDUCATION AND/OR EXPERIENCE
Associate’s degree in a related field.
2+ years of related experience and/or training.
Equivalent combination of education and experience.
REQUIRED TESTING
Microsoft Word
Excel
PowerPoint
Alpha/Numeric Data Entry
10-Key
- Location:
- Little Rock