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United Bank · 1 day ago

Broker Dealer Processor

Parkersburg, WV

Full-time

Onsite

New Grad, Entry Level

United Bank is committed to nurturing a culture that reflects the communities they serve. The Broker Dealer Processor is responsible for daily processing support for the Brokerage Department, assisting registered representatives and clients with inquiries, processing transactions, and ensuring compliance with internal and external policies.

BankingCredit CardsFinancial ServicesLendingVenture CapitalWealth Management

Responsibilities

Supports registered representatives, platform Bank employees, internal clients and auditors when necessary. Corresponds with customers and confers with coworkers to answer inquiries. Translates or explains what information means and how it can be used

To have or quickly obtain investment/securities knowledge necessary for each transaction and workflow. Analyzing information and evaluating results to choose the best solution. Update and use relevant knowledge to stay technically current in applying new knowledge and regulation to the job

Expected to be familiar with and learn products: Annuities, Mutual funds, 529 plans, Alternative Investments, Insurance, Advisory/Fee Based, Equity, Fixed Income, REITS, UITs and Options

Adhere to internal policies and procedures while meeting processing deadlines. Expected to learn external policies and procedures of the Clearing Firm. Need to be familiar with and understand Clearing Firm’s software and set up IT entitlements for the firm

Process transactions while adhering to the standards of accuracy across various functions: New Accounts (including IRAs, Qualified Plans, Estates, and Trusts), Transfer of Assets, Cashiering Funds Received and Physical Securities, Reporting and Commissions & Accounting

Research securities transactions such as purchases, margin, conversions/ splits, redemptions or payments. Research tax inquiries, dividends, tender offers and customer requests

Coordinate restricted stock transactions, ADV mailings, general mailings, statement messages, decedent client support, unpaid trade extensions, NSF checks, check stop pays and trade corrections. Monitor reporting to FINRA, MSRB, TRACE and Opt Out

Prepare General Ledger entries. Track commission by State, FA and product. Calculate allowables for FINRA filing, RMDs, accrued interest, SMA. Import and export data and be able to manipulate the data for review and summary

Prepare blotters and reports summarizing daily transactions and earnings for individuals

Schedule and coordinate transfer and delivery of assets between companies, departments and customers. Apply cost basis, fees and regulation to these transactions

Provide clerical support to include answering phones, processing mail, filing, faxing and scanning

Assist with special projects and other tasks as assigned by management