What are the responsibilities and job description for the Margin Associate & Manager - Hybrid in NYC! position at Phaxis?
Margin Associate & Manager – Broker-Dealer
A well-established broker-dealer is seeking an experienced Margin Manager & Associate to join their team. This role is responsible for ensuring compliance with key margin regulations, overseeing daily margin operations, and supporting Prime Brokerage and Equity Swap clients.
Direct Hire - Hybrid in Lower Manhattan
Key Responsibilities:
- Ensure compliance with House Risk, Portfolio Margin, and Regulation T calculations, ensuring accuracy and timeliness.
- Manage triparty repo processes efficiently.
- Review, validate, and issue daily margin calls for Prime Brokerage and Equity Swap clients.
- Approve and facilitate client asset transfers in and out of the firm using proprietary systems.
Qualifications:
- Bachelor’s degree in Economics, Finance, or a related field.
- 5 years of experience in Prime Brokerage Operations, with a strong focus on margin-related processes.
- In-depth knowledge of margin financing platforms, including Regulation T, Portfolio Margin, and Arranged Financing.
- Expertise in Client 4210 strategy-based and risk-based portfolio margin regulations.
Salary : $100,000 - $170,000
