Prime Brokerage Department Manager
4 days ago
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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