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TD Ameritrade IP Company, Inc

Asset Clearing Services Representative (Second Shift)

TD Ameritrade IP Company, Inc - Southlake, TX

Role:

An innovative culture has long been part of TD Ameritrade. Our clients are at the heart of everything we do, and we transform our business so that they can achieve success.  We are enablers... for our clients, for each other, and for the communities where we live and work. We build a culture that reflects our core values, fosters collaboration and courage, and allows us to execute and innovate as a team.  TD Ameritrade Brokerage Operations is looking for problem solvers, critical thinkers, and team players who want to be energized, developed, and rewarded.

The hours for this representative position are 12:00PM to 8:30PM.

The Representative for Asset Clearing Services:

Responsible for reviewing, validation and submission of transfers submitted through the Automated Customer Account Transfers System (ACATS) and the validation and submission of internal transfers

Review daily reports and compare them to account activity to determine if any business partner resolution is needed

Review and interpret Anti-Money Laundering practices and FINRA rules (FINRA Rule 11870)

Verify client data that would preclude the transfer from occurring

Move large sums of monies and/or securities out of the firm, to the tune of an aggregate average value of approximately $65 million daily

Communicate via email or phone call to resolve transfer issues and inquires with contra parties.

Responsibilities:

Validation of ACATS transfers on the ACATS systems

Validation and submission of internal transfers (i.e. the movement of cash and/ or securities between accounts within TD Ameritrade)

Process written and electronic client transfer requests to ensure proper completion of the transfer form by an authorized account holder. This includes signature verification and a full account review.

Interpret written and Electronic Transfer Requests to determine eligibility of the transfer request based on industry rules & regulations and business rules to mitigate and reduce risk to the firm and our clients

Review and interpretation of FINRA transfer rules (Rule 11870)

Calculate transfer values to determine level of approval required to satisfy appropriate department supervisory procedures

Analyze daily reports and compare them to account activity to determine if any business partner resolution is needed

Resolve issues ranging in scope while working with fellow peers to develop suitable solutions

Question and challenge processes to promote continuous improvement

Outbound phone calls to contra parties

Inbound phone queue taking calls from third parties, clients, and internal

Requirements:

Settlements and/or cage experience preferred

Understanding of FINRA regulations, especially FINRA Rule 11870 preferred

Ability to learn, retain and apply new information and skills in an efficient and effective manner

Consistently remains solution focused and responsive to coaching.

Series 7 & 63 preferred

High School Diploma or Equivalent

4 Year College Degree in Finance, Economics, and/or Business preferred.

Prior financial services and customer service experience preferred.

1 years of ACATS and Non-ACATS transfers knowledge preferred.

Military education or experience may be considered in lieu of civilian requirements listed

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8 days 14 hours ago

TD Ameritrade IP Company, Inc

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Asset Clearing Services Representative (Second Shift) TD Ameritrade IP Company, Inc - Southlake, TX, United States

   

Location: Southlake, TX

Company Profile:
When the Securities and Exchange Commission eliminated the practice of fixed brokerage commissions on May 1, 1975, none of the major brokerage firms at the time thought anyone would ‘break ranks’ and offer discounted commissions. But, a handful of small firms, including First Omaha Securities, Inc., saw a unique opportunity. First Omaha Securities evolved into TD Ameritrade, and for over 35 years has remained a pioneer in an industry that continues to innovate new ways that make Wall Street more accessible to the individual investor. In the 1980s and 1990s, TD Ameritrade pioneered a number of ‘firsts,’ leveraging technology to make investing easier, faster, and more efficient. In 1988, the company was the first to offer touch-tone phone trading. And, in 1995 it acquired K. Aufhauser & Co., which was credited with executing the first online trade in 1994. Following its Initial Public Offering (IPO) in March 1997, the company combined its various brokerage units into one broker dealer, Ameritrade, Inc., and launched its first national advertising campaign, complete with a pricing philosophy that continues today.