Wealth Management Ops Analyst (Max $28/hr W2) at Lenmar Consulting Inc.

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

10 Jun, 26

Salary

28.0

Posted On

12 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Due Diligence, Regulatory Compliance, AML, KYC, Suitability Standards, ACATS, DRS, DTC, DWAC, Stock Certificates, Surveillance, Risk Management, Compliance, Microsoft Excel, PowerPoint, Time Management

Industry

Information Technology & Services

Description

Company Description Finance Job Description Wealth Management Operations (“WMO”) works with the field to support transactions involving Low Priced Securities (“LPS”). WMO-LPS conducts due diligence to ensure that Business Units have correctly determined client/issuer LPS eligibility criteria, as defined in the LPS Compliance Policy. An important part of the service provided by WMO-LPS is education and guidance to the FA’s, CSA’s, Risk and Service Organizations on internal procedures and regulatory updates. Position Summary and Responsibilities: • Maintain knowledge of the current regulatory environment for Penny Stocks and Microcap Securities • Ensure compliance with all internal and external regulatory requirements such as AML, KYC regulations, suitability standards, and internal LPS policies • Responsible for the daily monitoring and review of low-priced transfers (ACATS, DRS, DTC, DWAC & Physical Stock Certificates) • Responsible for reviewing low-priced purchases, deposits & sale orders requests • Respond to Branch inquiry requests and advise the field on the LPS policies • Perform surveillance and monitoring to identify patterns and trends that require escalation to Risk & Compliance • Experience with reviewing contracts, stock purchase agreements, stock certificates and merger agreements • Execute due diligence and conduct research online via external databases (e.g., OTC Markets, Edgar). • Maintain knowledge of the Securities Act of 33 & Exchange Act of 34, Rule 144, Rule 903 & 904 Regulation S, and Section 16 Qualifications • Undergraduate degree • 3+ years of experience with a brokerage firm or securities regulatory agency • Excellent communication and time management skills • Attention to detail • Ability to think outside the box • Knowledge of external databases • Proficiency with Microsoft Excel and PowerPoint • Ability to work well in a closely coordinated team. • Progress towards Client SIE, Series 7/63 (or 66) a plus – not required Additional Information All your information will be kept confidential according to EEO guidelines.

Responsibilities

This role involves supporting transactions related to Low Priced Securities (LPS) by conducting due diligence to ensure compliance with eligibility criteria defined in the LPS Compliance Policy. Responsibilities include daily monitoring of low-priced transfers, reviewing purchase/deposit/sale orders, and advising field staff on internal procedures and regulatory updates.