Stock Loan Sales Associate

Job Description

Job Summary

Under general supervision, uses specialized knowledge and skills in securities lending/sales obtained through training, certification and experience to assist trading and/or sales personnel in processing trades and communicating with clients and back office operations. Negotiates borrow/loan transactions for Customer and Conduit books. Approve customer requests for Short sales. Lend fully paid customer securities. Detailed instructions and established procedures and prescribed guidelines are provided to perform a variety of tasks of substantial variety and complexity, requiring some evaluation, originality or ingenuity in making routine decisions. Recommends solutions to moderately complex problems. Regular contact with internal and external customers is required to obtain, clarify or provide facts and information.

Essential Duties And Responsibilities

• Tracks and confirms transactions to ensure accuracy.
• Prepares management reports as required.
• Assists others in resolving complex problems and issues.
• Maintains profitable book of business and manages counterparty relationships.
• Monitors PIL reporting.
• Collaborate with Security Audit concerning firm requirements.
• Borrow for recalls and buy-ins as necessary.
• Maintains and updates account files.
• Performs administrative tasks as necessary.
• Maintains currency in organizational and industry current events and best practices.
• Plans, organizes and maintains effective and efficient workflow.
• Operates standard office equipment and uses required software applications.
• Performs other duties and responsibilities as assigned.
• Ensure appropriate work environment for full-time remote operation
  
  

Knowledge of

• Commonly used securities industry practices and procedures.
• Loanet / Smartloan or similar systems.
• Concepts, principles and practices of securities trading/sales.
• Re-org and dividend requirements relating to shares borrowed or loaned.
• Procedures for processing trades.
  
  

Skill in

• Responding professionally to inquiries and researching and resolving problems in a timely manner.
• Performing qualitative and quantitative data analysis.
• Analyzing problems and developing creative solutions.
• Attending to detail while ensuring quality standards are met without impacting workflow.
• Developing and maintaining effective workflow processes.
• Using standard office equipment and required software applications for electronic communication, spreadsheets and databases.
  
  

Ability to

• Communicate effectively, both orally and in writing
• Provide a high level of customer service, including demonstrating sensitivity to customer needs and responding proactively.
• Work independently as well as collaboratively within a team environment.
• Organize and prioritize multiple tasks and meet deadlines.
• Establish and maintain effective working relationships with others.
  
  

Education/Previous Experience

• Bachelor’s Degree (B.A.) or equivalent with a minimum of five (5) years experience with Stock Loan sales and/or support.
• OR ~
• Any equivalent combination of experience, education, and/or training approved by Human Resources.
  
  

Licenses/Certifications

• SIE required provided that an exemption or grandfathering cannot be applied.
• FINRA Series 7 and the ability to obtain within ninety (90) days.
• Series 99, or ability to obtain within 120 days (as required by FINRA), required (Persons holding Series 6, 7, 17, 37 or 38 or those who hold principal-level registrations: Series 4, 9/10, 14, 16, 23, 24, 26, 27, 28, 51, and 53 would be qualified to register as an Operations Professional (Series 99) without passing the examination.)
  
  

***No travel required***

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

General Experience - 6 to 10 years

Certifications

Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA), Series 7_GS (pre 5/77 - No Options) - Financial Industry Regulatory Authority (FINRA), Series 99_OS-Operations Professional - Financial Industry Regulatory Authority (FINRA)

Salary Range

$100,000.00-$0.00

Travel

Less than 25%

Workstyle

Remote

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We Expect Our Associates At All Levels To

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
  
  

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.