Saturday, September 24, 2011

Sr. Portfolio Margin Analyst

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TD Ameritrade Holding Corporation, through its brokerage subsidiaries, provides a dynamic balance of investment products and services that make it the investment firm of choice for millions of retail investor and independent registered investment advisor (RIA) clients. Listed by Forbes as one of America's best big companies, the Company offers a full spectrum of investment services, including a leading active trader program, intuitive long-term investment solutions and a national branch system, as well as relationships with one of the largest independent RIA networks.

TD Ameritrade is an Equal Opportunity Employer. We value diversity and offer a quality workplace.

TD Ameritrade is a leading organization that has provided brokerage and investment services for over 30 years. Listed in Forbes as one of America's best big companies 1, the Company offers a full spectrum of investment services, including a leading active trader program, intuitive long-term investment solutions and a national branch system. Through our brokerage subsidiaries, we provide innovative, powerful online trading tools and services to individual investors.

Our associates are at the heart of what we do. We believe in teamwork, putting clients first, building strong relationships, achieving quality results and working with integrity.

Portfolio Margin Senior Analyst will oversee day to day operations of portfolio margin accounts. This includes process supervision, regulatory oversight, market risk identification and analysis, Process and product development. This role will be responsible for issuing accurate and timely margin calls, house risk calls, and reporting on how the calls are addressed.

This position will also be expected to review and approve risk related stress models, account portfolio margin upgrade approval, approve margin requirement adjustments and net capital reporting obligations and approve accommodations. Experience required includes detailed understanding of Portfolio Margin regulations, risks & trading. Leadership and extremely strong written/verbal communication skills required to drive the product and educate those new to the product.

Position will analyze Portfolio Margin approved accounts and ensure compliance with established regulatory obligations and requirements. Additionally, position will make decisions, both individually and in tandem with other groups, regarding risk and capital requirements beyond the regulatory guidelines. Position will develop and improve existing models, reporting, and methodology as the product develops and the customer base grows. Decision making, risk management, and the communication of often extremely complex processes must be done quickly and efficiently, with little room for error.

  • Responsible for the oversight & supervision of day-to-day Portfolio Margin Operations.
  • Serve as Product Lead for development & testing of enhancements to Portfolio Margin product.
  • Document and communicate the results of the data analysis and risk policy recommendations to Senior Risk Management and affected business units by leveraging existing monthly business review meetings as well as creating new forums to review findings and recommendations.
  • Creation and delivery of continuing education and training content for Portfolio Margin.
  • Partner with Internal Audit, Compliance, Finance Regulatory Reporting and Technology as subject matter expert and authority on Portfolio Margin topics.
  • Give approval for Portfolio Margin upgrade requests, stress testing results and action plans, margin call exceptions.
  • Participate on cross functional teams as portfolio margin produce expert.
  • Review and approve all requests for Portfolio Margin status and intraday margin changes for PM Accounts and PM eligible securities. This includes creating and managing concentration and liquidity requirements, stress testing, option pricing parameters (i.e. Implied Volatility, Underlying Stress Level, etc.).
  • Require liquidations on accounts that fall beneath regulatory minimums, house minimums, or positions beyond comfortable risk appetite for account. This will often require guiding the liquidation of complex positions, working closely with the broker dealer to minimize risk and client impact in an extremely time sensitive manner.
  • Create, develop, and improve reporting, communications, procedures, and systems in a complex and intensely regulatory environment.

  • Requirements:
  • 5 Years Portfolio Margin or relevant experience.
  • 2 Years Portfolio Margin clearing experience.
  • 2 Years Portfolio Margin trading experience.
  • Have or Obtain Series 7, Series 63, Series 4, Series 3 & Series 24 FINRA licenses.
  • Knowledge and understanding of a Broker Dealer, financial markets and instruments, and industry regulations.
  • Extreme high degree of Option trading, risk management and use of option Greeks data for use in risk evaluation.
  • Strong organizational, analytical, problem-solving, verbal and written communication skills.
  • Knowledge of risk segmentation and optimization.
  • Proven work experience managing large and/or complex risk strategy projects.
  • Experience in technical role as an escalation point to Jr. Level analysts.
  • Proficiency with personal computers as well as pertinent systems and software packages.
  • Advanced skills in Microsoft's Excel, and PowerPoint.
  • Background in or understanding of time series data analysis and basic Statistics.
  • Experience MIS reporting techniques including Key Risk Indicators, Dashboard Reporting, etc.
  • Understanding of relational databases and DBMS concepts.
    Types of Risk include:
  • Unsecured debits (Loss to Firm) due to margin lending in highly leveraged portfolio margin accounts.
  • Loss of customers (revenue) due to unclear rules, policies, and systems.
  • Regulatory risk. Portfolio margin is intensely scrutinized and must adhere to all rules and policies.

    TD Ameritrade is an Equal Opportunity Employer. We value diversity and offer a quality workplace.

    1Forbes award information available at TD Ameritrade, Inc., member FINRA/SIPC is a subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company and The Toronto-Dominion Bank. Used with permission.                                                                  

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