Head of Margin Operations

This position is open in Charlotte, North Carolina and New York.

Role Description

FNZ Securities USA, headquartered in New York City, is a self-clearing broker-dealer which provides fully disclosed clearing and custody services to introducing broker-dealers and RIAs in the wealth management space. We are currently going through the application process with FINRA to become a licensed clearing broker-dealer and we expect to commence operations in 2024. 

This is a fantastic opportunity for a highly experienced Margin Operations Manager to play a critical role in establishing FNZ Securities as a key player in the market. You will be key in helping to plan for and build out the margin technology, processes, and team prior to commencement of operations.

Specific Role Responsibilities

• Responsible for oversight for all margin-related processes, as well as all aspects of Regulation T and FINRA 4210 from an initial and ongoing cash and margin account basis  

• Lead a highly collaborative and cross functional team committed to improve the value of margin services. 

• Analyze processing errors through organized root-cause analysis and drive process improvements.  

• Oversight of margin exceptions, short options exposures, and payments  

• Protect the firm by evaluating intraday / overnight profit and losses and stress tests to identify potential dangers and present protective measures against price fluctuations of client positions.  

• Resolve complex escalations that protect customers and the firm from financial and regulatory risks. 

• Proactively engage with clients regarding their risk and margin methodologies  

Experience Required

• Bachelor’s degree with 10+ years of industry-relevant experience in self-clearing broker-dealers with robust margin lending operations  

• Deep understanding of the securities industry and brokerage operations   

• Knowledgeable in Regulation T, FINRA Rule 4210, and SEC Rule 15c3-3  

• Competency in using various margin tools and systems. 

• In depth knowledge of collateral and securities finance  

• Capability to work under pressure and meet routine deadlines. 

• Strong leadership and interpersonal skills  

• Experience as a margin supervisor or equivalent at a top financial services firm that provides trade, clearing, and custody services to correspondent or introducing broker-dealers. 

• Currently holds a FINRA Series 24 license. 

About FNZ Culture 

Our culture is what drives us. It's at the heart of who we are and everything we do. It's what inspires, excites, and moves us forward. Our ambition is to create a culture for growth, one that opens up limitless opportunities for our employees, customers and the wider world. At FNZ we know that great impact is only possible with great teamwork. 

That’s why we value the strength and diversity of thought in our global team. 

The FNZ Way is the cornerstone of what we do. It is comprised of four values that set the standard for how everyone at FNZ interacts with each other, with our customers, and with all our diverse stakeholders around the world.

1. Care hard for customers and each other

2. Bring ambition to everything we do

3. Own it all the way

4. Work as one open team

Read more about The FNZ Way and our values: www.fnz.com/culture 

Opportunities

• Right from day one, you will work alongside exceptional, multicultural teams - experts in their respective fields - who will inspire and challenge you to make your greatest impact. 

• Be part of a highly successful, rapidly growing, global business that is leading the delivery of financial services via cloud computing and partners with some of the world’s largest companies;

• Working in a flexible and agile way that meets the needs of the business and personal circumstances; 

• Remuneration, significant financial rewards and career advancement is based on individual contribution and business impact rather than tenure or seniority;

• We provide global career opportunities for our best employees at any of our offices in the UK, EU, US, Canada, South Africa, and APAC.

Commitment to Equal Opportunities 

At FNZ, we recognise that diversity, equity and inclusion are important factors contributing to our success. We embrace the unique perspective and capabilities of our current and future employees, which will help us continue to drive innovation and achieve our business goals. Recruitment decisions at FNZ are made in a non-discriminatory manner