Brokerage Operations Lead, Cash App
- Salt Lake City, UT, USA
- Alternate Location: Portland, United States
Loved by customers and pop culture, we’ve consistently held the top spot for finance in the App Store for many years, seeing more engagement with millions of followers across social media in a day than most brands see in a year. We are building an ecosystem to redefine the world’s relationship with money by making it universally accessible.
We want to hire the best talent regardless of location. Our employment model is distributed, offering the opportunity to collaborate with teams across the world in San Francisco, New York, St. Louis, Portland, Toronto, Kitchener-Waterloo, Sydney, and Melbourne.
Interested in learning more?
The Cash App Operations team is responsible for building and managing a scalable operating environment for a fast growing mobile payment app with multiple, external partners and internal, cross-functional stakeholders. You will be the brokerage operations manager responsible for the critical functions of the broker-dealer for Cash App Investing LLC, identifying and remediating operational issues, influencing product development for brokerage tooling systems, and ensuring compliance with all applicable laws and regulations. This role reports into the Chief Operating Officer of the broker-dealer.
You will be responsible for:
Managing all introducing brokerage operations functions for Cash App Investing LLC
Managing front office and back office brokerage operations functions including New Accounts, Customer Onboarding, Market Operations, Reconciliations, Trading / Corrections
Work closely with the FINOP of the broker-dealer
Create a collaborative working relationship with our clearing, engineering, and product teams to launch, improve, and scale Cash App Investing products, tools, and systems
Maintaining supervisory authority over introducing brokerage operations functions and ensuring up-to-date desktop procedures and written supervisory procedures
Monitor and review daily exception reports, and evaluate findings using internal procedures
Supervise the on-going execution of the front office function including handling customer inquiries, maintaining compliance, monitoring and driving team and individual performance, record-keeping and scaling/developing the function.
Supervise the on-going execution of the back office function including day to day administrative, operational and vendor relationships, managing customer brokerage accounts, trades and transactions to achieve business goals while meeting regulatory requirements.
Review outgoing account transfers and close open positions or request transfer extensions
Oversee the accurate processing of corporate actions, resolve trade errors, identify suspense positions, etc
Provide oversight of our operational playbook with related policies and procedures
Create and execute strategies to increase productivity and efficiency
Interface with carrying/clearing firm to review trade reports, quarterly trade activity, and approve new accounts
Manage special projects as needed including assisting with examinations and inquiries for the SEC and/or FINRA
Licenses: Series 7, 66 (or 63) and 24
5-8 years of brokerage operations experience, including 3 years in a management role
Expert-level knowledge of front and back office brokerage operations
Experience managing and training a front and back office operations team
Ability to quickly learn proprietary web-based front and back office applications
Appreciation for compliance and adherence to government and industry regulations
Prior success implementing and updating Written Supervisory Procedures
Excellent verbal and written communication skills
Ability to travel (limited) as needed
Nice to Have:
Experience working at a fast growth FinTech
Experience working with Carrying or Clearing Broker-Dealer
Extensive SEC/FINRA regulatory and compliance knowledge
Excellent research skills including experience with online search tools
Bachelor’s in Finance, Economics, or similar area
We will consider for employment qualified applicants with criminal histories in a manner consistent with each office’s corresponding local guidelines.