Senior Operations Manager

Sharegain began with one question: If the largest institutions solely exercise the right to lend their stocks, bonds, and ETFs, what would it take to unlock this revenue opportunity for every investor?

Our team of experts in London, Tel Aviv and New York built the solution: a platform that empowers online brokers, private banks, and wealth managers to offer securities lending to their clients and customers. We call it SLaaS: Securities Lending as a Service. It's a fully digital, customizable, end-to-end solution that automates front- and back-office operations. Institutions and investors are now free to earn more from what they own.

Every Sharegainer has their own backstory, but we all share an ambition to do things differently - bigger, better, and greater. Together we're on a mission to democratize capital markets by building a more liquid world. The more we share, the more we all gain.

Responsibilities

As a Senior Operations Manager, you will have a proficient understanding of the securities lending market and confidence in mapping out and working with evolving processes - both independently and as part of a team.

The successful candidate will be expected to supervise and manage daily operations of the US office (a rapidly growing broker dealer) as well as identify and build new and automated processes while working closely with Research & Development teams.

• Manage the mapping and implementation of cash collateral management on a bespoke basis for the needs of each client
• Create bespoke client solutions that meet the requirements of the SEC customer protection rules regarding collateral segregation
• Work in a global environment across a team that serves lenders located in several countries, lends securities from 40 different countries, and accepts a growing range of collateral

Requirements

• 7+ years of Operations experience, minimum 4 years within Securities Lending Operations
• A thorough understanding of the operations underlying the movement of cash and non-cash collateral in the United States
• Ability to work within a global team across a broad range of clients, securities, and forms of collateral
• FINRA series SIE and 99 and a clean record with no disclosures are required, series 24 is a plus
• A working knowledge of the legal issues affecting cross border loans of securities, including the tax treatment of substitute payments, the implications of the various methods of holding collateral and the legal issues affecting loans effected by different client groups
• An understanding of the operational structure of online brokers, clearing brokers, investment managers and wealth managers

Proficient experience with the below:

• Client Services / Client Reporting
• Trade Support / Settlements
• Reconciliations (Pirum exposure a distinct advantage)
• Exposure Management (including Triparty)
• KYC/Client onboarding
• Corporate Action/Dividend processing
• Performance, Risk Management and Reporting
• Custody oversight
• Global Fixed Income and/or Equity support experience
• Project management and process improvement

Additional skills

• Accountability and risk management: You will own your tasks and identify potential risks or weaknesses in the process.
• Forward - thinking: As the business grows, you will be responsible for the growth and change in Operational functions, and will work closely with the senior management team on strategy.
• Proactive problem solving: You will proactively point out, work on, and own initiatives and projects that will evolve our operational processes and business.

As a Sharegain employee:

• You take the time to support the personal growth of your reports and colleagues
• You are strong-minded, open, collaborative, and enjoy both giving, and receiving constant feedback
• You are a self-driven individual with humility, integrity, and a positive attitude who feels comfortable working both as an individual contributor and managing a growing team.

Sharegain is an equal opportunity employer. Employees and contractors, as well as prospective employees and contractors, will all be treated equally and fairly. We are passionate in our belief that a diverse workforce is central to our success, and we are proud to reflect this within our recruiting processes.