Trading Operations Lead

This is a fully remote position, open to applicants in United States, +4 more locations.

📋 Description

• Take charge of the trading operations and supervisory framework for Mercury’s SEC-registered investment advisor and FINRA-member broker-dealer.

• Provide oversight from a licensed principal on order and trade activities for money market funds, mutual funds, ETFs, and fixed income.

• Manage operational controls, reconciliations, exceptions, escalations, trade surveillance, best execution monitoring, trade breaks, errors, and remediation.

• Supervise trading and order-flow reporting duties, which include CAT, CAIS, TRACE, SEC Rules 606 and 607, as well as FINRA Rule 6151.

• Conduct supervisory reviews of customer account statements and trade confirmations.

• Coordinate the investigation and resolution of trade errors, breaks, and settlement issues in collaboration with Engineering, Product, Compliance, and external partners.

• Oversee trading-related documentation and record-keeping requirements.

• Maintain trading operations procedures and contribute to the Written Supervisory Procedures.

• Lead preparations for regulatory examinations, audits, and internal testing.

• Manage operational relationships with carrying brokers, executing brokers, custodians, fund companies, and transfer agents.

• Collaborate with Product and Engineering teams on system-managed trading workflows, controls, requirements, exceptions, and operational readiness.

• Develop reporting and operational visibility for volumes, breaks, errors, aging exceptions, settlement performance, and control effectiveness.

• Work in partnership with Compliance, Finance, Legal, Risk, Product, and Engineering on new products, partners, and regulatory changes.

⛳️ Requirements

• Active FINRA Series 7, Series 63, and Series 24 licenses are mandatory.

• A minimum of 8 years in trading, brokerage, or investment operations, with direct responsibility for trade lifecycle, settlement, or trading control functions.

• Practical operational experience in fixed income, mutual funds, and ETFs.

• Proven experience in building or significantly enhancing a trade surveillance or operational control framework.

• Strong understanding of operational requirements as per FINRA and SEC regulations, including recordkeeping, supervision, best execution, trade reporting, and customer protection.

• Ability to communicate clearly in writing for procedures, escalations, and post-mortem analyses.

• Comfort in operating amid uncertainty and at a fast pace, along with a willingness to design processes.

• Good judgment regarding when to automate, implement a control, or accept a manual step.

• Series 99 or Series 57 license is a plus.

• Experience in a fintech or rapidly growing firm operating a broker-dealer or RIA at scale is a desirable asset.

• Background in establishing a new product, partner, or clearing relationship from the ground up is a bonus.

• Familiarity with SQL or working directly in internal tools is advantageous.

🏝️ Benefits

• Base salary.

• Equity (stock options/RSUs).

• Benefits.

• Reasonable accommodations available throughout the recruitment process for applicants with disabilities or special needs.