Credit Officer

Generate, modify, and interpret various reports to identify accounts that pose credit and market risk to the firm, as well as violate industry and firm policies. Once identified, accounts are analyzed and corrective action such as contacting clients, contacting internal departments and front office staff, placing trades in accounts, etc.is taken to reduce or eliminate risk and ensure firm and industry compliance
Answer inquiries, explain policies and procedures, approve orders above set limits, update relevant information, and provide guidance to Advisors & Assistants and various internal departments
Implement and remove trading and banking restrictions in margin, cash, and registered accounts, based on a thorough analysis of the account and trading patterns and activity
Monitor market activity for security price fluctuations and evaluate accounts holding the position, taking any corrective action as necessary
Liquidate and purchase securities as required
Approve and update debit limits for margin accounts less than $500K and cash withdrawals from cash and margin accounts
Identify and update securities with incorrect loan values in multiple systems and applications
Complete sundry duties as assigned including compiling and preparing statistics and internal reports, as well as monthly and year end capital requirement reports (regulatory reporting)
Investigate non-routine problems and discrepancies to determine risk and exposure, and make decisions to minimize financial impact, protect the firm’s reputation, and prevent litigation