Manager, Trading Operations

October 8, 2024

Company: Eddie Bauer

Industry: Private

Employment Type:- Full Time

Work Hours:- 8 Hours

Locations:- USA

Full Job Description:-

Your opportunity

Schwab Trade Fraud and Error Control team (TFAC) operates under the Schwab Trading Operations organization and is a crucial protection element in reducing the firm's risk exposure as well as safeguarding overall brand name reputation. The primary responsibility for the TFAC team is to ensure daily and monthly monitoring and reconciliation of error accounts, trade error resolution, internal account risks reporting, resolution of fraud cases with trading activity all in the effort to protect the clients and mitigate risk for the firm. The team also resolves and supervises fraud trade errors logged for the firm and ensures that fraud events are researched (to facilitate implementation of detection tools) and ensure all trading fraud is documented, tracked, and reviewed for irregular trends. Team members collaborate closely with numerous teams including Compliance, Legal, Financial Crimes, Advisor Services, and various Trade Support groups to accomplish these goals.

As a Manager, you will be part of Schwab's Trading Operations Department/Trading Operations Fraud & Control (TFAC) team. Primary tasks for a TFAC Manager include:

Trade Error Resolution - filing, resolution & documentation of all trading fraud events

Reconciliation of fraudulent trade events including tracking trade details, account elements and market conditions of the fraud event, covering any exposed positions, compiling statistics to be used in fraud detection research, and reconciling error account activity

Oversight and monitoring of the reconciliation of internal Accounts.
Supervisory oversight for Reporting Reviews
Supporting research for inquiries received by Compliance.
Support the identification and implementation of process and system improvements and promote effective controls

Other Jobs You May Be Interested In

Work closely with business partners to communicate out changes instituted by TFAC as well as assess impact of potential activities and system changes conducted outside Trading Operations

What you have

You demonstrate these behaviors:

Familiarity with regulatory reporting bodies (FINRA, NASDAQ, SEC)
Strong analytical skills with ability to research sophisticated regulatory submissions/inquiries
Excellent risk awareness and attention to details to accurately identify potential impact to the firm (either regulatory risk or unresolved risk due to fraud activity)
Strong verbal and written communication skills
Strong interpersonal skills for building and maintaining close working relationships with internal partners and stakeholders
Ability to excel in a dynamic setting, adaptable and proactive mind set toward high priority tasks
Strong ability to multi-task, process quickly and a desire to work in a collaborative team environment.
Ability to work overtime when conditions warrant
Flexible and fast learner with a drive to continuously improve processes
Self-motivated teammate with ability to work independently with minimal guidance/training

Required Qualifications:

A valid and active FINRA Series 7, 63 licenses required
Extensive knowledge of industry regulations, regulatory bodies, utilities, and exchanges
Must have a good understanding of the various products that Schwab and its customers conduct business in
Excellent computer skills and knowledge of Microsoft Office and Access database

Preferred Qualifications:

5+ years of experience in the financial services industry preferred
3+ years of experience with account reconciliation and trade resolution
Experience with fraud review/reconciliation and reporting