Brokerage Operations Specialist

Palo Alto, California, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BrokerageIndustries

Requirements

Candidates must have a minimum of 2 years of brokerage industry experience, preferably in a back-office role, with a strong understanding of securities regulations, account transfers, corporate actions/dividends, trading, AML, and risk mitigation rules. A Bachelor's degree in finance, economics, or a related field, or equivalent work experience, is required, along with the FINRA Series 7 license or the ability to obtain it within 90 days. Strong organizational skills, a customer-centric philosophy, a collaborative mindset, and the ability to communicate cross-functionally are essential. An appreciation for technology, process improvement, a strong work ethic, and the ability to quickly learn proprietary applications are also necessary.

Responsibilities

The Brokerage Operations Specialist will manage client communications related to life events from start to finish and complete daily brokerage operations exception reports, including unreconciled activity, margin, and corporate actions. They will conduct quality control reviews, reconcile regulatory document delivery, and perform cashiering duties such as verifying incoming wires, checks, and ACHs, as well as processing withdrawal requests. Responsibilities also include ongoing account maintenance, reviewing new and existing account activity for AML risk mitigation, and collaborating cross-functionally with other teams, particularly engineers. Certain in-office tasks may be required as the business demands.

Skills

Brokerage Operations

Client Communications

Life Events

Exception Reports

Quality Control

Regulatory Document Reconciliation

Cashiering

Wire Transfers

Check Processing

ACH Processing

Account Maintenance

AML

Risk Mitigation

Automation

Cross-functional Collaboration

Securities Regulation

Wealthfront

Automated investment and wealth management services

About Wealthfront

Wealthfront provides financial services aimed at helping individuals grow their wealth through a digital platform. Its main offering is an automated investment platform that utilizes robo-advisors—algorithms that manage and invest client funds for long-term growth. This service is complemented by a high-yield cash account that offers a competitive 5.00% APY for short-term savings, provided through partner banks. Additionally, Wealthfront offers a diversified bond portfolio, allowing clients to earn dividends with tax advantages, and a platform for discovering and purchasing stocks to facilitate quick and strategic investment decisions. Unlike many traditional wealth management firms, Wealthfront focuses on automation and ease of use, making financial services accessible to a broader audience. The company's goal is to simplify wealth management and help clients maximize their financial potential.

Palo Alto, CaliforniaHeadquarters

2011Year Founded

$198.9MTotal Funding

SERIES_ECompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Free lunches, snacks, coffee

Receive 1:1 mentorship

Caltrain pass, an additional transportation stipend, and relocation bonuses

Monthly wellness reimbursement

Discretionary time off policy and offer 16 weeks of paid parental leave

Comprehensive medical, dental and vision coverage

Risks

Increased competition from robo-advisors and traditional institutions may erode market share.

Free wire transfers could increase operational costs without boosting revenue.

Expansion into stock trading faces competition from established platforms like Robinhood.

Differentiation

Wealthfront offers a high-yield cash account with industry-leading 5.00% APY.

The company provides a diversified bond portfolio with tax advantages and no maturity dates.

Wealthfront's automated investment platform uses award-winning algorithms for long-term wealth growth.

Upsides

Wealthfront's cash account now offers up to $8 million in FDIC insurance.

The company has reached $50 billion in client assets, indicating strong growth.

Increased demand for AI-driven financial advice aligns with Wealthfront's robo-advisor services.

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