Position Detail::

Job Title - Brokerage Operations Specialist
Location - 1400 MERRILL LYNCH DR, Pennington NJ USA 08534 (Hybrid)
Duration - 6 Months Contract

Job Description:

We are seeking a detail-oriented and analytical Brokerage Operations Specialist to join our team. The ideal candidate will be responsible for reviewing brokerage financial transactions related to DAC/RAP and Trades Done Away, ensuring delivery instructions, settlement timeframes, and funds availability are in good order. This role requires a proactive individual with strong research and communication skills to resolve discrepancies and provide support to internal stakeholders.

• Enter Trade Settlement Instructions received from Brokerage Branch Office personnel.
• Send, receive, and complete Letters of Free Funds (LOFF) utilizing trading information and funding availability.
• Approve settlement transactions based on funding/asset availability.
• Research the availability of funds to complete payment requests.
• Help resolve any unsettled or unmatched transactions by communicating with all impacted stakeholders.
• Assist team members in other functions as volumes dictate.
• Provide assistance with various reporting responsibilities.
• Offer subject matter expertise and service to Client Associates, Financial Advisors, and Client Relationship Managers regarding supported processes.

• Expertise in Microsoft Office (Excel, Access, Word, Outlook, SharePoint).
• Strong organizational skills, attention to detail, and ability to work independently.
• Strong written and verbal communication skills to perform effectively across all levels of the organization.
• Ability to research discrepancies utilizing investigation skills and intellectual curiosity.

• College degree preferred.
• Previous experience with brokerage back-office applications.