TD Ameritrade Asset Clearing Services Representative in Southlake, Texas
The Asset Clearing Services Rep acts as a liaison between our clients, as well as various third parties, by clearly and succinctly explaining complex regulations to the end client. In addition, it will be expected of the Rep to properly execute on a client’s affiliation/insider status, communicate information, and ensure the accounts are properly noted. An Asset Clearing Rep will assist Retail, Institutional, the Branch Network, and departments within Brokerage Operations, and is the Initial point of contact for Cage issues.
Placing restricted stock trades and prospectus sales
Assist processing team in obtaining needed documentation to grant extensions to the buy-back rule
Processing of DRS Transfers, Stock Certificate deposits/withdrawals and KANA inquiries between calls
Advocate for the clients best interest while balancing risk to the firm
Provide information to assist representatives with Cage inquiries
Work to trouble shoot processing issues related to DRS processing
Work with issuers legal counsel to ensure documentation is in good order prior to placing trades
Discuss procedures associated with Restricted Stock trading and transaction processing
Work to grant extensions provided by FINRA under Restricted Stock Clearance rules
Active participation in Problem Solving Sessions
Point of contact for client inquiries
Outbound calls to clients regarding necessary paperwork to complete deposits, enable trades/removing of restricted legends
Trade within SEC guidelines and occasionally buy clients in if the necessary paperwork is not submitted
Ability to understand and apply Securities rules and regulations
Knowledge and understanding of the Direct Registration Statement (DRS) system, Restricted Stock Regulations, DTCC deposit systems, preferred
Previous Securities background and trading, preferred
Ability to apply analytical skills for effective problem solving towards the goal of continuous improvement.
7 and 63 within 6 months
2 Year College Degree or equivalent experience
4 Year College Degree Business/Finance-preferred
Military education or experience may be considered in lieu of civilian requirements listed
TD Ameritrade is an equal opportunity employer. At TD Ameritrade we believe that people matter. We value diversity and believe that it transcends race, national origin, age, marital status, gender identity / expression, sexual orientation, citizenship status, service in the armed forces, disability, thoughts, ideas and perspectives. Our commitment to building an inclusive culture is aimed at attracting and retaining diverse talent, clients and shareholders to the firm. It's a belief that's core to the success of our organization.