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Prime Brokerage Manager

Company: Wedbush Securities
Location: New York
Posted on: May 28, 2023

Job Description:

Job Description
Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 70 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth. Our Prime Brokerage department has an immediate opening for a Manager to further grow our Prime Brokerage department. Our entrepreneurial culture will allow for tremendous autonomy that affords you the opportunity to develop and grow the business.
Responsibilities include, but are not limited to:

  • Source and manage prospective clients
  • Recruit, train, and supervise Sales Colleagues
  • Supervise Prime Broker activities and resolve issues as they arise
  • Develop, nurture, and cultivate existing client relations
  • Develop a personal style which supplements our current offerings
  • Grow revenue through cross selling initiatives (i.e. research, trading, etc.)
  • Meet with industry vendors (fund administrators, accountants, etc.) and establish referral network
  • Help brand Wedbush Prime in the investment community
  • Perform other tasks and duties as required and assigned Experience and Skills
    • Bachelor's Degree from an accredited university, preferably in Business, Finance, or related field
    • FINRA Series 7, 63 or 66, 57, 9/10 or equivalent
    • 5+ years of Securities Industry experience
    • 3+ years of Prime Brokerage experience, preferably in management role
    • Strong communication and interpersonal skills
    • Highly organized with ability to multitask
    • Ability to work effectively and independently under supervision and tight deadlines
    • Must be free thinker, self-starter, and comfortable in a team environment What Wedbush Offers You
      Wedbush Securities offers robust benefits to our colleagues.
      • Comprehensive medical, dental, and vision coverage with multiple health plan options for you and your family
      • Health Savings Account with company-sponsored contributions
      • Flexible Spending Accounts (FSA) traditional and dependent care
      • Pre-Tax Commuter Benefits
      • 401(k) plan with discretionary, competitive company matching and profit-sharing contributions
      • Tuition reimbursement up to $5,250/year
      • 3 weeks of Paid Time Off
      • 2 weeks of Paid Sick Time (may vary by location)
      • 10 Paid Holidays
      • Charitable Donation Matching Contributions
      • Paid Leave (Military, Jury Duty, Volunteer Time Off, Disability, etc.)
      • FINRA License Sponsorship
      • Travel & Employee Assistance and Employee Discount Programs
        The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current annual range is $140,000-$260,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the individual and the firm's performance. At Wedbush, it is not typical for an individual to be hired at, or near, the top of the range for their role. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.
        Wedbush Securities (WS) is proud to be an Equal Employment Opportunity employer. WS does not discriminate based on race, religion, color, creed, sex, sexual orientation, gender, gender identity or expression, national origin, ancestry, citizenship status, registered domestic partner status, uniform service member status, marital status, pregnancy, age, medical condition, disability, genetic information, family care or medical leave status, or any other consideration made unlawful by applicable federal, state, or local laws, or on the basis that an applicant or Colleague is perceived to have these characteristics or is associated with someone who is perceived to have these characteristics. WS aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm as well as provided equal opportunities to succeed.
        Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here

Keywords: Wedbush Securities, New York , Prime Brokerage Manager, Accounting, Auditing , New York, New York

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