Senior Operations Principal

ABOUT US:
Come join the dynamic team at Kestra Financial! Kestra Financial provides a leading independent advisor platform that empowers sophisticated, independent financial professionals, including traditional and hybrid RIAs, to prosper, grow, and provide superior client service. With a culture rich in reinvention and advisor advocacy, Kestra Financial has developed integrated business management technology that, combined with its personalized consulting services, offers exceptional scale and efficiency. Kestra Financial supports independent financial advisors in delivering comprehensive securities and investment advisory services to their clients.


SUMMARY:
Kestra Financial seeks a dynamic and motivated Sr. Operations Principal to join our Trading Operations team. This role is integral in managing firm and client risk within the Operations departments, while ensuring client requests are processed quickly and accurately. This senior role is responsible for ensuring the regulatory responsibilities of the team are being met, including activities such as option account review and MSRB, TRACE, CAT, and best execution responsibilities. This is a great opportunity to lead others by example through demonstrating the ability to help our clients' Power Financial Independence through a serve, make it happen, and one team mentality.
RESPONSIBILITIES:
In addition to adhering to all regulatory rules, written desktop procedures, and company policies while communicating effectively with Kestra Financial professionals and internal staff, key responsibilities will include:
• MSRB, TRACE, CAT, and other regulatory report reviews and follow-up, including quarterly reviews of activity and exceptions with members of Compliance and Operations.
• Review, approval, and monitoring of option accounts, including quarterly reviews of activity and exceptions with members of Compliance and Operations.
• Review and follow up on daily best execution reports and exceptions, including quarterly reviews and exceptions, with members of Compliance and Operations.
• Review compliance and regulatory requirements regularly and ensure that they are adequately documented and that the Operations teams are working within them.
• Address regulatory inquiries and audits in collaboration with the Legal and Compliance departments.
• Handle ticket charge/commission schedule changes and research known discrepancies with the appropriate groups to work towards a resolution.
• Monitor, review, and handle the trading rules engine for regularly needed updates and give recommendations for updates.
• Review Cashiering regulatory responsibilities quarterly and complete the quarterly principal review.
• Identify and monitor exceptions, measures, procedures, and systems for quality and risk control; bring to the attention of and work with Management and Compliance on exceptions, additions, and changes to systems, WSPs/policies, and/or procedures.
• Provide processing and service support to the Trading Operations team as needed.
• Represent Operations on the Risk Committee and Policy Committee.
• Other responsibilities as assigned.
• Commitment to culture requires a demonstration of professionalism, accountability, customer/client focus, and teamwork.
SKILLS:
• Must understand the regulatory requirements of an independent broker-dealer and wealth management firm.
• Working knowledge of National Financial Services (NFS) is preferred.
• Experience with Salesforce and Laserfiche is preferred.
• Ability to interact well with internal and external customers.
• Must be able to perform duties accurately and in a timely manner.
• Must be recognized as a go-to person for questions and escalations.
• Must exemplify the corporate mission statement and the advisor's first culture.
• Must be proficient with Microsoft Outlook, Word, and Excel. Must have basic knowledge of PowerPoint.
• Must be able to read, analyze, and reconcile trading reports.
• Must become proficient with the use of clearing firm, vendor(s), and internal programs and software within 30 days of hire, including but not limited to Salesforce.
• Must possess good analytical skills, problem-solving skills, and good communication skills, both verbal and written.
• Must have good attention to detail.
• May be required to work overtime, as necessary.
SUPERVISORY RESPONSIBILITIES: None
EDUCATION AND EXPERIENCE:
• High School Graduate required
• College degree preferred
• 5+ years of relevant industry experience preferred
CERTIFICATIONS:
• Must hold the Series 7, 63 (or 66), and 24 licenses
• Requires the ability to obtain the Series 4 and Series 53 within 1 year of hire
• Other licenses may be required as the industry evolves


INTERNAL APPL