Meet a Brokerage Operations Analyst

Meet a Brokerage Operations Analyst

What do you like best about working here?

My favorite part of working at SIG is the people. There is a lot of industry knowledge in the firm, and people do not hide any of that knowledge. It really seems like everybody wants to learn, and there is no shortage of people who want to teach.

What do you like most about Operations at SIG?

My favorite thing about working in operations at SIG is the broad scope of the role. While it certainly carries a lot of responsibility, there is great opportunity to see so many different parts of trade operations you might not get exposure to elsewhere. This position allows for a lot of personal innovation and input into new processes.

What is unique about your current role?

I can operate the ACT terminal, which is Nasdaq’s Trade Reporting Facility. I obtained my Series 7 and Series 57 licenses in order to be able to report trades via the ACT system. If any trader in the firm wants to meet a counterparty on a manual trade using ACT, they come to me to facilitate that request. It is unique because it involves a lot of desks outside of my normal workflow, and you get to see a variety of trades.

We talk a lot about teamwork and collaboration at SIG. Where do you see this demonstrated in your current role?

I see great teamwork and collaboration every day. We work very closely with our operations group in NY, and we are always touching base and discussing the best way for our team to meet our goals. Each desk has its own traders and regions to cover but we’re all looking at information across our offices to provide support and resolve any issues that arise quickly. If we create a report based upon a request in one location, we write it in a way that can scale for cross-desk utilization within our team and will regularly tap into each other’s technical and product knowledge to ensure optimal support of the trading desk.

If you were speaking with someone who was considering SIG, what would you say?

I would say go for it! The opportunity that SIG presents is unique; you get a lot of market exposure which is far more than I’ve seen elsewhere in my career. There is an opportunity to learn that I think sets SIG apart; you’re not pigeonholed into work traditionally labeled as “back office” here. It’s a much more collaborative environment between the trading desk, clearing agents, and counterparties, which also naturally enhances your product knowledge. It’s also very much a meritocracy here. When you’re doing good work, it’s noticed and the opportunities to grow and take on more responsibility are there so you have the chance to take on more complex work without a set timeline associated as to when that can happen.

In your opinion, what is the best perk we offer?

I am a big fan of SIG Night at the Ballpark. SIG’s social events give you a chance to know your co-workers outside of the office. It is always a good time.

Walk us through a typical day in your life.

The first thing I do is resolve any breaks in the equity or option trades we did the prior day. I ensure that all of our customer’s trades were processed properly and that our internal database reflects all the correct commission rates, broker fees, exchange fees, etc. Once complete, I reconcile the P&L for our sales traders. Aside from these daily responsibilities, I monitor monthly payable agreements with some of our customers.

What is your favorite thing about living in the Philadelphia area?

My friends and I like going to sporting events, seeing all the history in the city, and enjoying great food and beverage. There are also a lot of great parks just outside the city I can take my dog to hike or swim.