Senior Operations Associate

About Us:-

Since its founding in 2017, Prometheum has leveraged its deep expertise in securities law, blockchain and trading to create a compliant ecosystem for digital asset securities that enables all investors to seamlessly invest in digital assets securities. Prometheum has relied on its strong diverse team to build the tools to service digital asset securities. To date, Prometheum has built multiple broker-dealers traversing novel areas and a large technology stack (intersecting trading, blockchain, compliance, etc.). We continue to grow and are looking for hardworking individuals that can contribute to our already great fintech company culture as we traverse new and exciting areas that require excellent problem solving skills.  

Role:- 

Senior Operations Associate  - Full Time W2

Location:-
New York City, NY (Hybrid)

Salary:-
$110,000 - $140,000 

Responsibilities:-

Operations associates are our front line:-

• The Senior Associate is responsible for daily oversight of the back office operations functions, including ensuring adherence to Key Performance Metrics. ;
  • Engage in daily operations with  service providers and internal departments.
    • Review, collect and document Reporting and Reconciliation deliverables covering Custody Operations, Purchase and Sales, Corporate Actions (Dividends, Re-organizations), Suspense, etc.
    • Monitor, analyze, and resolve, balance or position differences and respond to internal and external inquiries. 
    • Communicating Reorg and Dividend event details (includes event specifics and allocations where needed).  Ensure that allocations are accurate and resolve any discrepancies.
    • Completing Operations Daily Checklist for supervisory review and sign off
    • Evaluate trade exceptions, complex shareholder issues, and track recurring trends for management review.
    • Review daily deliverables and analyze for root-cause of exceptions; ensure remediation of issues.
    • Manage escalated issues from internal & external stakeholders
  • Evaluate performance by monitoring KPIs; ensure service provider adheres to all contractual policies, procedures, and controls through review of contractual Service Level Agreements
  • Contribute to the development of, and ensure timely performance of, operating controls.
  • Facilitate change service requests; determine appropriate action and document/recommend detailed business requirements for the completion of these requests.
  • Review and/or draft operational desktop procedures and policies 

• This position will materially contribute to product and project implementation initiatives and the future growth of the organization; Leverage knowledge of global products and industry best practices to:
  • Provide insight into the operational infrastructure and vendor set-up/governance requirements to implement globally consistent operational models.
  • Assist with specialized projects that impact multiple internal departments; serve as key internal and external operational contact keeping management informed of project progress
  • Provide business analysis for Operations-owned initiatives and serve as liaison with IT on both Operations and firmwide initiatives
  • Assist in the creation of technical business requirements in driving operational efficiencies, mitigating risk/errors, leveraging technology, implementing industry best practices, monitoring contractual risk, and enhancing the client experience
  • Review existing operational processes, identify automation and outsourcing opportunities, and evaluate process improvements to align with global standards, while being cognizant of regional nuances

Qualifications:-
 

• FINRA Series 7 and 99 
• FINRA Series 27 and/or supervisory experience is a plus as the role will grow to incorporate supervisory duties 
• Experience working with compliance on FINRA (regulatory) inquiries.
• Bachelor's degree or equivalent work experience.
• Intermediate to advanced experience with MS Office applications, or Google equivalent.
• Intermediate to advanced understanding of Broker-Dealer back office functions and associated regulatory requirements
• Experience reviewing operational reporting (e.g. stock record, 15c3-3 excess/deficit and allocation, suspense, cash reconciliations) and identifying/resolving associated issues
• Experience organizing and maintaining business records
• Experience with Shadow Suite is a plus
• Experience and/or in-depth understanding of Digital Assets a plus

Benefits:-

• Competitive salary based on experience
• Excellent benefits including:- Health, Vision & Dental Insurance

Prometheum is an equal opportunity employer.

For questions around this or other employment opportunities with Prometheum please contact [email protected]