Operations Control Analyst

Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments.  We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm.

The Operations Control Analyst works in the Operations Control team which supports the other teams within Operations by providing break reports, regulatory testing, and supervision.  This role is hybrid, the individual will work approximately three days per week in-office in the Philadelphia Headquarters.

What you are good at:

• Communication: Exceptional written, verbal, and empathetic communication skills.
• Building Relationships: Connecting with others in a way that fosters trust and creates collaborative relationships.
• Analytical Ability: Able to effectively review information and data to identify issues and opportunities.
• Time Management: Working efficiently and planning how to divide your time between different tasks and projects.
• Eagerness to learn: Desire to understand reports and systems at your disposal and ask questions such as how and why things are done.

Responsibilities:

• Monitors daily securities possession or control requirements to ensure compliance with the Customer Protection Rule (15c3-3); proactively communicates deficits and any identified issues to the appropriate Operations departments to reduce firm deficits.
• Performs daily, monthly, and ongoing controls for the firm’s Fully Paid Lending program.
• Assists and provides input in the interpretation of new/changing securities rules, regulations, policies or laws, and updates processes for compliance to rules and regulations as well as departmental procedures.
• Responsible for the oversight of prospectus delivery compliance. Works with Compliance and Risk departments to fulfill prospectus delivery.
• Compiles operational account information for internal and external auditors (e.g., FINRA, SEC, PwC).
• Identifies opportunities for operational efficiency and productivity improvements to mitigate financial, reputation and regulatory risk; suggests solutions to Operations Control Manager.
• Maintains compliance with SEC 17Ad-17 “Lost Securityholders and Unresponsive Payees” by working with unclaimed property vendor to perform due diligence on potentially lost client accounts.
• Identifies and performs due diligence on lost and inactive client accounts that are eligible for escheatment. Facilitates the transfer of cash and assets by working with appropriate departments to ensure the timely delivery to state’s unclaimed property division.
• Responsible for the firm’s bi-monthly Short Interest reporting to FINRA.
• Performs daily review and distribution of break reports to various operations departments.
• Participate in multiple working groups to gain industry knowledge on current regulatory events relating to the Operations Control responsibilities outlined above.

Required Education/Experience:

• Bachelor’s degree in business/finance or a related discipline and a minimum of two years’ experience in the areas of accounting, banking and/or financial services, particularly in brokerage operations.

Preferred Education/Experience:

• Proficiency with Microsoft Excel.
• Ability to create queries in SQL.
• Familiarity with SEA rule 15c3-3 – Customer Protection.
• Familiarity with SEA rule 17a-13 – Quarterly Securities Count.
• Familiarity with the unclaimed property/escheatment process.
• Familiarity with FINRA Rule 4560 – Short-Interest Reporting.
• Familiarity with the Securities Acts of 1933 and 1934 as they relate to prospectus delivery.

Licenses/Certifications:

• FINRA Series 7 required (or ability to obtain the license within 180 days from hire).

Why work for us?

Benefits: Janney believes that its employees are the key to what makes a great company. Although work makes up a large portion of an employee’s life, we believe that a balance between work and non-work activities is essential to maintain quality performance and a positive work atmosphere. We offer a competitive package including Paid Paternal Leave, generous Paid Time Off, eligibility for a $2,000 referral bonus and Professional Development Assistance Plan designed to help you make the most of your life at work and at home—today and in the future. Explore further.

Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments.  We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm. Attracting, hiring, and retaining diverse talent is a priority for the firm.   We succeed because of the people who choose to work here; the depth of their skills, experiences, diversity of thoughts and backgrounds.

Janney is dedicated to promoting and supporting diversity within our workplace.  We provide an environment that promotes respect, integrity, teamwork, achievement and acceptance regardless of age, disability, education, gender, gender expression, gender identity, job level, marital status, military status, national origin, parental status, pregnancy, race, religion, sexual orientation, socioeconomic status, or other protected factors. Janney is committed to equal employment opportunities and providing reasonable accommodations to applicants with physical and/or mental disabilities.