Trading Operations Associate
$60k - $80k USD
We are seeking a detail-oriented and proactive Trading Operations Associate to join our growing operations team at M1. In this role, you will be responsible for managing the daily trading operations process, executing trade corrections, and ensuring compliance with regulatory requirements. You will play a key role in supporting daily operations and ensuring the smooth execution of trading-related activities across M1. This position is ideal for individuals with a strong understanding of financial markets, regulatory requirements, and market trends, and who thrive in a collaborative, dynamic environment.
Key Responsibilities:
Daily Operations: Monitor and manage daily trading activities, ensuring compliance with regulatory requirements and internal policies
Trade Reconciliation: Reconcile balances against internal systems, broker reports, and clearinghouse data to ensure accuracy and resolve discrepancies in a timely manner.
Regulatory Compliance: Ensure that all trading-related activities comply with regulatory requirements, including exchange rules, regulatory bodies (e.g., SEC, FINRA), and internal compliance policies.
Data Analysis: Analyze trading data to identify trends and ensure best execution
Process Improvement: Identify and recommend opportunities for process improvements in trading operations, aiming to increase efficiency, reduce risk, and enhance accuracy.
Communication & Support: Serve as the primary point of contact for internal and external stakeholders regarding trading-related inquiries, issues, and escalations.
Salary Range
- $60,000-$80,000
Qualifications
- Education: Bachelor's degree in Finance, Economics, Accounting, or a related field.
- Experience: 2-3 years of experience in trading operations, invest operations, or margin operations within a financial institution or trading firm.
- Market Knowledge: Strong understanding of financial markets and trading products (equities, crypto, options, etc.) across various asset classes.
- Technical Skills: Proficiency with Excel (advanced formulas, pivot tables, vlookups) and familiarity with trading platforms (e.g., Bloomberg, Reuters, or other trading systems). Experience with risk management or margin systems is a plus.
- Analytical Skills: Strong attention to detail with the ability to analyze large sets of data and identify trends using Structured Query Language (SQL). Experience with Python is a plus.
- Communication: Excellent written and verbal communication skills. Ability to communicate complex trading issues and market trends clearly to both technical and non-technical stakeholders.
- Problem-Solving: Ability to quickly identify problems and develop effective solutions under pressure, particularly during volatile market conditions.
- Teamwork: Collaborative and capable of working cross-functionally with traders, risk managers, compliance officers, and other stakeholders in a fast-paced environment.
Preferred Qualifications
- Series 7, 24 and/or 57
Additional Information
Our Values
Our team embodies our ten core principles and if these principles speak to you – we’d love to talk with you.
Mission Driven: Life short – everyone should spend their waking hours on something they find meaningful. We believe improving people’s financial wellness improves lives. It’s a vital and worthy cause.
Extreme Ownership: We think and act like owners. That means we’re responsible for the results to our clients, coworkers, and M1 shareholders. Our focus is on building long-term value, not scoring short-term marks.
Boldness: We want to do things of consequence. Make a difference. Put a dent in the universe. Thinking big inspires results. We’d rather fail at something meaningful than succeed at something trivial.
Bias for Action: Results lag prior efforts – we can’t hope or wait for results. Instead, we believe a good process leads to good outcomes and persistent progress leads to compounding.
Economical: We strive to do more with less. We’ll always be limited in time, money, and energy, especially compared to our ambitions. We must use our limited resources on what matters and regard constraints as motivators.
Transparency: Context and accurate information are the foundation of strong decision making. We share information openly, honestly, deliberately and broadly.
Team-oriented: People at M1 may play different roles, but we’re all on the same team. Together, we can achieve more. We maintain a low ego, make everyone feel welcome, trust one another, and seek out and respect different perspectives.
Challenged, But Not Overwhelmed: We are curious people who always want to grow. We support growth through high standards, clearly defined responsibilities, and broad autonomy, with help when needed.
Effectiveness: We care about performance and results, not specific methods. Different problems may require creative brilliance or a simple idea; grinding hard work or casual effort; or disciplined process versus scrappy implementation. Effective people do what’s needed to get the right things done and deliver intended results.
Integrity: We do the right thing. When we make mistakes, we own and correct them. We’d be proud if our actions were shared with our family, friends, and strangers. Everyone can count on us to act according to our values. This trust must never be broken.
Our Perks
Competitive Pay and Stock Options
Comprehensive health, dental, vision, disability, and life insurance
Retirement benefit with employer match
Unlimited PTO
Transparent and open communication with leadership
M1 is an equal opportunity employer and values diversity across the company. M1 does not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.