Financial Operations Specialist

23 hours ago


Memphis, Tennessee, United States First Horizon Foundation Full time

**Job Summary**

First Horizon Foundation is seeking a highly skilled Financial Operations Specialist to join our Wealth Management team. As a Cashiering Specialist, you will play a critical role in facilitating and executing operational Cashiering activities related to our Wealth Management services.

**Key Responsibilities:**

  • Process money movements into and out of brokerage accounts
  • Review and approve money movement transactions and verify required documentation
  • Ensure timely and accurate posting of check deposits and maintain records
  • Process stock deposits via physical certificates or electronic processing
  • Clear legal paperwork required for stock deposits, including restricted stock
  • Review and update links between brokerage and bank accounts
  • Follow and clear rejected items
  • Process Fed Wires and ensure proper documentation is received and notated
  • Interact daily with the Wealth Management team regarding submission of paperwork and status of requests and money movements
  • Review and process daily reports dealing with Cashiering functions
  • Work closely with other Cashiering members and other brokerage departments
  • Calculate margin calls and notify the Sales force and clients
  • Work directly with our clearing house and Wealth Management team to resolve issues

**Requirements:**

  • Currently holds FINRA Series 6 or 7 license (or successful completion of FINRA Series 99 license within 120 days of employment)
  • Bachelor's Degree preferred
  • Basic understanding of financial industry and markets, banking, and financial planning
  • Proficient in Microsoft Office applications
  • 1-2 years of sales and/or broker-dealer experience preferred
  • Excellent oral and written communication skills
  • Ability to coordinate with others, set and achieve goals, and resolve problems while maintaining a strong sense of teamwork


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