Senior Operations Analyst - Options Clearing

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

TD Securities

Pay Detail:

$60,000 - $115,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Preferred Qualifications:

TD Securities is looking for a Senior Options Analyst to join their Operations team. This position is hands-on and primarily serves as a point-person for ensuring trade break reconciliation, allocation, and timely clearance for all US option trades. This role will ensure daily activities within operations adhere to firm governance requirements. The role will partner with the rest of the TD Securities team to ensure a strong control infrastructure in accordance with firm and regulatory standards.

Responsibilities Include

• Partner with internal/external clients to ensure governance/control requirements are understood and adhered to.
• Develop relationships with applicable members of Operations, Trading, Streetside counterparties, and Technology to ensure partnership and efficient operation and coordination.
• Review records to ensure accuracy and completeness, in order to meet firm and regulatory standards.
• Monitor controls, review exception reports, and escalate as needed.
• Responsible for managing communications to internal/external partners.
• Opportunities to work on projects involving process improvements and other strategic initiatives.

Job Requirements/Qualifications

• BS/BA degree and/or 5+ years of relevant work experience.
• Knowledge of
  • Broadridge (Primarily BPS and OAES)
  • OCC Encore
  • Exercise and Assignment Mechanics
  • WEX (or similar OMS experience)
  • Options Clearing expertise
  • Equities Clearing expertise as it relates to Options
  • Equity/Index/Flex Options Knowledge expertise
  • Prime Brokerage and CMTA clearance and allocations
  • Options Trade Support/away trading expertise
  • Options Regulations and reg reporting expertise a plus.
  • Fidessa a plus
  • AI/Automation expertise a plus
• Proficient in Office 365 suite including Excel and Outlook
• Strong critical thinking and analytical skills.
• Flexibility to work late nights and Saturdays as required.
• Ability to identify, escalate, and resolve problems/issues.
• Ability to communicate professionally through effective verbal and written skills.
• Demonstrates efficient time management skills and critical thinking.
• Demonstrates organizational skills and a strong attention to detail.
• Ability to multi-task and prioritize tasks.
• Ability to work in a team environment.
• Ability to meet deadlines and work under pressure.
• Proactive and self-starter who is goal oriented.

Who We Are

TD Securities is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. TD Securities focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the Company is headquartered in New York and has offices worldwide.

At TD Securities, inclusion and diversity are catalysts for success and innovation in everything we do. We pride ourselves on our empathetic and collaborative culture, where the power of diversity is harnessed to transform the status quo. Our focus on inclusion expands our thinking in order to generate better outcomes for clients, while striving to increase fairness and equity for our colleagues. TD Securities' vision of creating a more inclusive and equitable future is supported by our core values and is essential to our ability to outperform.

Our Values
 

Vision:

We consistently deliver differentiated and disruptive insights that help our clients outperform

Empathy:

We proactively consider and account for the priorities and concerns of our colleagues and clients

Sustainability:

We endeavor to produce ideas and solutions that are ethically grounded and aim to pass the test of time

Tenacious Teamwork:

We elevate collaboration to new levels, empowering our ability to provide the best solutions for our clients.

The Operations Analyst/Specialist II TDS coordinates and executes projects primarily focused on the continuous improvement of Operations and/or the attainment of organizational objectives. The Operations Analyst/Specialist II TDS assists Operations management in identifying opportunities for process improvements, analyzes options (including software, workflow changes, training needs, and procedure modification), and presents recommendations and implements change.

Depth & Scope:

• Performs more complex operational analysis within the Loss Analytics department
• Works independently and works with the Management team in making decisions on policy and procedure changes
• Develops recommendation and coordinates the implementation of new procedures
• Disseminates analyzed findings and makes recommendations to Management pertaining to system configurations and/or process changes
• Manages through to completion on assigned projects including identifying project requirements, gathering information, developing an approach, executing the project and ensuring communication occurs across functional areas
• Projects could involve standardization, conversion, productivity, service quality or other strategic issues or documentation related to these areas
• Leads capacity analysis for Fraud software to determine appropriate staffing levels
• Collects and analyzes pertinent information and data pertaining to fraud committed against TD Bank
• Conducts detailed statistical analysis involving fraud loss and check card data and correlate to Fraud Management applications/processes to determine department effectiveness
• Completes ad-hoc reporting and analysis requests from Management including data collection
• Considered a subject matter expert for Operations processes and acts as a resource for resolving technical or operational issues
• Conducts capacity analysis for Fraud software to determine appropriate staffing levels
• Identifies opportunities and presents solutions for process improvements, including streamlining functions, resolving processing problems and improving service quality
• Develops solutions in conjunction with work teams and management and then coordinates implementation

Experience:

• Bachelor's degree, or specialized training / equivalent work experience
• 5+ years related experience
• Successful project management skills and ability to work independently
• Proven ability to relate technical solutions to operational issues
• Proven verbal and written communication skills
• Excellent in operating computer applications with specific focus on data retrieval and research including CMOD
• Solid understanding of data analysis techniques and methodology
• Proficient in Monarch, Access and Excel, proven knowledge of PowerPoint and Word

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple.  Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. 

Together, we are reimagining what banking can be for our clients, colleagues and communities. 

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more
 

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. 

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
 

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com.  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.