Cash Program Manager

Janney Montgomery Scott LLC, 1717 Arch Street, Philadelphia, Pennsylvania, United States of America Req #1099
Wednesday, June 22, 2022
Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments.  We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm.

The Cash Program Manager is responsible for the FDIC-insured sweep program and money market fund menu. This individual will serve as the project manager for our sweep program and subject matter expert on ultrashort and cash alternative solutions.


Responsibilities:

  • Work with our sweep program providers to evaluate current balances, track onboarding and departing banks, and create a project plan to ensure we deliver on our FDIC insured sweep program.
  • Assess the sweep program to ensure balances are being allocated as outlined by the program.
  • Develop a plan for upcoming changes to interest rates and determining how rate changes should impact the sweep program.
  • Draft, review, and evaluate client communication around our sweep program including disclosures, NRLs, and statement language.
  • Collaborate with Legal/Compliance, Finance, and IT to continually improve and enhance the FDIC-insured sweep program.
  • Lead cross functional projects and meetings to enhance the sweep program.
  • Manage and maintain relationships with external partners and peers.
  • Participate in relevant industry events such as SIFMA Roundtable meetings.

The ideal candidate will possess:

  • Bachelor’s degree required.
  • Minimum of five (5) years of experience in the financial services industry.
  • Direct experience with FDIC-insured sweep programs at broker/dealers.
  • Experience communicating with financial advisors.
  • Familiarity with money market funds and ultrashort/cash alternative fund solutions.
  • A strong skillset in Excel and the ability to handle significant data with accuracy.
  • FINRA Series 7 & 66 (or 63 & 65) required.


This role will be hybrid, the individual will work approximately three days per week in-office. Individuals hired to work for a team/manager based in our Philadelphia Corporate Headquarters will be required to show proof of vaccination per our Philadelphia Corporate Headquarters’ policy.

 

Janney is dedicated to promoting and supporting diversity within our workplace.  We provide an environment that promotes respect, integrity, teamwork, achievement and acceptance regardless of age, disability, education, gender, gender expression, gender identity, job level, marital status, military status, national origin, parental status, pregnancy, race, religion, sexual orientation, socioeconomic status, or other protected factors. Janney is committed to equal employment opportunities and providing reasonable accommodations to applicants with physical and/or mental disabilities.

Other details

  • Pay Type Salary
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  • Janney Montgomery Scott LLC, 1717 Arch Street, Philadelphia, Pennsylvania, United States of America