Prime Brokerage Department Manager

4 days ago


Los Angeles, California, United States Wedbush Securities Full time
Job Title: Prime Brokerage Manager

Wedbush Securities is a leading securities firm and investment bank, providing innovative financial solutions through its Wealth Management, Capital Markets, Futures, and Advanced Clearing & Prime Services divisions. With over 100 offices and more than 70 correspondent offices, the company is headquartered in Los Angeles, California. The Prime Brokerage department is seeking a Manager to further grow the business.

Responsibilities:
  • Source and manage prospective clients to drive business growth.
  • Recruit, train, and supervise Sales Colleagues to enhance team performance.
  • Supervise Prime Broker activities and resolve issues as they arise to ensure seamless operations.
  • Develop, nurture, and cultivate existing client relations to foster long-term partnerships.
  • Develop a personal style that supplements current offerings to differentiate the company.
  • Grow revenue through cross-selling initiatives, such as research, trading, and other services.
  • Meet with industry vendors to establish referral networks and promote Wedbush Prime in the investment community.
  • Perform other tasks and duties as required and assigned to support the team.

Requirements:
  • Bachelor's Degree from an accredited university, preferably in Business, Finance, or a related field.
  • FINRA Series 7, 63, or 66, 57, 9/10, or equivalent licenses.
  • 5+ years of Securities Industry experience, with 3+ years in Prime Brokerage, preferably in a management role.
  • Strong communication and interpersonal skills to effectively collaborate with colleagues and clients.
  • Highly organized with the ability to multitask and work under tight deadlines.
  • Able to work effectively and independently, with a self-starter mentality and a willingness to take initiative.

Benefits:
  • Comprehensive medical, dental, and vision coverage with multiple health plan options.
  • Health Savings Account (HSA) with company-sponsored contributions.
  • Flexible Spending Accounts (FSA) for traditional and dependent care expenses.
  • Pre-tax Commuter Benefits.
  • 401(k) Plan with competitive discretionary company matching and profit-sharing contributions.
  • Tuition reimbursement up to $5,250 per year.
  • Paid Vacation, Sick Time, Holidays, Volunteer Time Off, and Paid Leave for Parental Bonding, Jury Duty, Military, Disability, and other reasons.
  • FINRA and Professional License Sponsorship.
  • Charitable Donation Matching Contributions.
  • Travel & Employee Assistance and Employee Discount Programs.
  • Discretionary compensation based on individual and company performance.


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