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Trading Operations Lead

Mercury· Banking and Risk Operations
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Hybrid (San Francisco, CA), Hybrid (New York, NY), Hybrid (Portland, OR), Hybrid (Remote (Canada/US))full-timePosted 1mo ago

About the role

Lead the trading operations function for Mercury's SEC-registered investment advisor and FINRA-member broker-dealer, owning supervision, controls, reporting, and process improvements in a regulated, fast-moving environment.

Responsibilities

  • Own the trading operations and supervisory framework, providing licensed principal oversight of order and trade activity across money market funds, mutual funds, ETFs, and fixed income; oversee operational controls, reconciliations, exceptions, and escalations, partnering with Engineering, Product, and investment partners.
  • Own the trade surveillance and operational control framework, including licensed supervisory review where required, oversight of pre- and post-trade controls, best execution monitoring, trade breaks and errors, escalation and remediation, and evidence of required reviews and controls.
  • Oversee supervision of trading and order-flow reporting obligations, including CAT, CAIS, TRACE, SEC Rules 606/607 and FINRA Rule 6151, and provide supervisory review of customer account statements and trade confirmations.
  • Serve as the operational escalation point for trade errors, breaks, and settlement issues, coordinating investigations and ensuring recurring issues trigger process or control improvements.
  • Oversee trading-related books and records requirements, ensuring generation, retention, and retrievability of trade, order, allocation, and supervisory records.
  • Maintain trading operations procedures and Written Supervisory Procedures, keeping controls aligned with products, systems, and partner relationships.
  • Lead trading operations readiness for regulatory exams, audits, and internal testing, producing operational evidence and remediating findings.
  • Manage day-to-day operational relationships with carrying broker, executing brokers, custodians, fund companies, and transfer agents, including escalations and service-level performance.
  • Partner with Product and Engineering on system-managed trading workflows, controls, and post-launch validation of operational readiness.
  • Build reporting and operational visibility for volumes, breaks, aging, settlement performance, and control effectiveness to identify risk and improvement opportunities.
  • Collaborate with Compliance, Finance, Legal, Risk, Product, and Engineering on new products, partners, and regulatory changes, defining required trading operations and supervisory requirements.

Qualifications

  • Hold active FINRA Series 7, Series 63, and Series 24 licenses (Series 99 or Series 57 a plus).
  • 8+ years in trading, brokerage, or investment operations, including direct ownership of trade lifecycle, settlement, or trading control functions.
  • Hands-on operational experience across fixed income, mutual funds, and ETFs.
  • Built or materially improved a trade surveillance or operational control framework.
  • Strong working knowledge of FINRA and SEC rules including recordkeeping, supervision, best execution, trade reporting, and customer protection.

Skills

Required:FINRA/SEC regulatory knowledgeTrading operations leadershipTrade surveillance frameworkCommunication (written)System/process designAutomation vs manual controls judgment
Nice to have:SQL / data investigation (Nice to have)
Last updated Sep 16, 2026. Interested? Apply on the company site.
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