Cohen & Company Securities, LLC.
Middle Office Operations Specialist
5 days ago
New York
About Cohen & Company Securities, LLC: Cohen & Company Securities, LLC is a trusted broker-dealer for investors who seek clarity and guidance navigating the complexities of fixed income products and transactions. We serve our clients by providing personalized attention with institutional strength, prioritizing relationships over volume to deliver successful outcomes. Our dedicated Special Purpose Acquisition Company (SPAC) Equity Trading Group was created to serve our clients in the rapidly evolving SPAC market. A SPAC raises capital through an IPO with the intention of acquiring an existing company. Understanding its inherent complexities requires specialized expertise at every stage. Working with our Capital Markets division, a leader in SPAC analysis and IPO underwriting, Cohen & Company Securities provides institutional clients superior trade execution and trusted analysis of this unique investment vehicle. Job Description: Cohen & Company Securities, LLC, an indirect subsidiary of Cohen & Company Inc., is currently hiring a Middle Office Operations Specialist. This individual will play a crucial role acting as a bridge between the Front Office (client-facing and revenue-generating functions like trading) and the Back Office (administrative and operational tasks like clearing and settlement). This role is responsible for ensuring the smooth and efficient processing of financial transactions, managing operational and financial risks, maintaining compliance with regulations, and providing support to the Front Office. Location: Boca Raton, FL Duties and Responsibilities: Trade Support: • Manage Restriction Removal process for shares of stock with restricted legends. Coordinating between shareholders, the issuing company, its legal counsel, and a transfer agent. Processing all required paperwork to ensure delivery and settlement of trades., • Setting up accounts on clearing platform, • Set up and close New Issue IPO Underwritings, • Perform daily trade capture, verification, and reconciliation to ensure accuracy and timely settlement., • Monitor and address unmatched trades, working closely with external brokers and clearing houses., • Liaise with internal teams and external brokers to resolve trade issues (e.g., discrepancies, fails) in a timely manner., • Manage and track trade settlement, ensuring adherence to timelines and industry best practices. Compliance and Regulatory Reporting: • Ensure all activities adhere to internal policies and procedures, as well as regulatory standards., • Work closely with Compliance department in meeting necessary standards and reporting requirements. Skills and Qualifications: Knowledge: • Strong knowledge of NetX360, TRAFiX and Bloomberg TOMS, DTC UWsource, • Strong understanding of Equities, Fixed Income, Underwriting, financial markets, and the trade lifecycle., • Knowledge of middle and back-office operations, including trade capture, settlement, reconciliation, trade allocations, Buy Ins, Corporate Action and reorg notices., • Familiarity with regulatory requirements and compliance standards within the financial services industry., • Proficiency in financial processing systems and Microsoft Office, especially Excel. Abilities: • Strong analytical, research, and problem-solving skills, with a keen eye for detail., • Excellent written and verbal communication skills, with the ability to interact effectively with diverse stakeholders., • Ability to prioritize tasks, work under pressure, and manage multiple projects efficiently to meet deadlines., • Proactive and self-motivated, with a desire to learn and contribute to continuous process improvement. Education and Experience: • Bachelor's degree in a business-related field (e.g., Accounting, Finance, Business) or equivalent related work experience is often required or preferred., • 1-2 years or more of experience in Middle Office or Back Office operations, preferably within the financial services industry, is commonly sought after. Preferred Licenses: • FINRA Series 7, • FINRA Series 99