Brokerage Operations Associate I – ACATS

This is a fully remote position, open to applicants in United States.

📋 Description

• Process daily incoming and outgoing ACATS transactions while adhering to industry timelines, ensuring validation of client information, contra accounts, and asset eligibility throughout the entire transfer lifecycle.

• Manage DTC / FOP transfers, ACATS Free Deliveries, Fail Reversals, and nonstandard transfer types (PTR, PTD, RCL, RCR, FRV, MFC, PTF).

• Detect documentation and processing discrepancies, execute appropriate reject paths, and implement controls to mitigate errors.

• Facilitate communication with contra firms, transfer agents, and partner brokers, coordinating efforts on rejections, accelerations, reclaims, and documentation.

• Execute mass account transfers and conversions, both internally and externally.

• Collaborate with engineering teams to automate daily self-clearing workflows.

• Promote ongoing operational improvements through root cause analysis, trend analysis, and enhancements to the control framework.

• Act as the firm's Subject Matter Expert on transfers, serving as a point of reference for policy-related inquiries.

• Prepare summary documentation for special projects and engage in cross-functional initiatives as assigned.

⛳️ Requirements

• Minimum of 2 years of experience with ACATS, including practical experience with industry portals and a solid understanding of the ACATS cycle, status progression, and timing requirements.

• Familiarity with NSCC / DTCC rules, FINRA Rule 11870, and the differences between standard and nonstandard transfer processes.

• Understanding of U.S. broker-dealer back-office operations, including DTC settlements, FOP transfers, Fund/SERV, and contra account formats across major U.S. broker-dealers.

• Capability to identify documentation and processing discrepancies, draw logical conclusions, and propose corrective actions.

• Excellent written and verbal communication abilities, with a keen attention to detail and the capacity to work independently and collaboratively in a remote, fast-paced environment with strict daily deadlines.

• Basic understanding of SQL, Metabase, or similar query tools; adept at navigating internal tools, industry portals, ticketing systems, and Google/Microsoft document solutions.

• Ability to adapt to a changing regulatory environment and contribute to the development of a self-clearing operational framework.

• Possession of the SIE and Series 99 (or higher securities license), or the ability to achieve a passing score on the Series 99 within the first 180 days of employment.

🏝️ Benefits

• Competitive Salary & Stock Options

• Health Benefits

• New Hire Home-Office Setup: One-time USD $500

• Monthly Stipend: USD $150 per month via a Brex Card