Broker Management Specialist

Location: New York, New York, United States

Ref#: POS-12813

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Two Sigma is a financial sciences company, combining data analysis, invention, and rigorous inquiry to help solve the toughest challenges in investment management, insurance technology, securities, private equity, and venture capital.

Our team of scientists, technologists, and academics looks beyond the traditional to develop creative solutions to some of the world’s most complex economic problems.

We are seeking a talented Specialist to join the Broker Management team within Financial Resource Management. The candidate should be motivated, process oriented with an ability to think critically. Our team members are expected to work with stakeholders to ensure tasks are completed timely and manage project schedules. If you are excited about joining a fast-paced, dynamic team, we'd love to meet you!

You will take on the following responsibilities: 

Counterparty On-Boarding and Negotiations
  • Assist members of Broker Management and Legal in negotiating trading, financing and loan agreements
  • Coordinate (and eventually) lead internal and external meetings to facilitate the on-boarding of service providers
  • Monitor contractual obligations and facilitate financial and risk reporting requirements
 Account Master
  • Assist with data entry and review using internal workflow tool
  • Run queries and respond to internal questions regarding new accounts or structures
Executing Broker On-Boarding Process
  • Contact brokers to obtain documentation, confirm trading requirements, and identify execution account numbers
  • Assist in  responding to ad hoc requests from trading to onboard new products or brokers
 Project Management
  • Work with stakeholders to ensure tasks are timely completed and manage project schedules
  • Coordinate Broker Management projects (such as Uncleared Margin Rules implementation), assign responsibilities and drive meetings as needed

Serve as back-up for other Broker Management functions including but not limited to:

KYC/Account Opening and Closing
  • Assist members of Broker Management in coordinating and assembling KYC documentation packages
  • Review and facilitate execution of account opening/closing documents in accordance with Two Sigma internal policies
Portal Access
  • Process requests for access to external portals ensure proper management approval
  • Communicate with brokers to complete implementation
Documentation Management
  • Assist in initial set-up and maintenance of documentation into documentation management system by uploading and tagging drafts and executed documents
  • Respond to requests for documentation

You should possess the following qualifications: 

  • 3+ years of relevant experience in Broker Management; Familiarity with derivatives and financing agreements such as Prime Brokerage Agreements, ISDAs, Master Repurchase Agreements, Master Securities Loan Agreements and Futures Agreements will be helpful but not required
  • Ability to multitask, meet deadlines and effectively adapt to changing priorities
  • Strong written and verbal communication and interpersonal skills
  • Ability to work cooperatively and collaboratively with employees in all departments as well as banks and vendors
  • Proficient in Microsoft Office Suite (with a focus in Word and Excel)
  • Basic knowledge of corporate formation requirements and entity types

You will enjoy the following benefits: 

  • Core Benefits: Fully paid medical and dental insurance premiums for employees and dependents, competitive 401k match, employer-paid life & disability insurance
  • Perks: Onsite gyms with laundry service, wellness activities, casual dress, snacks, game rooms
  • Learning: Tuition reimbursement, conference and training sponsorship
  • Time Off: Generous vacation, sick days, competitive paid caregiver leaves

We are proud to be an equal opportunity workplace. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity/expression, age, status as a protected veteran, status as an individual with a disability, or any other applicable legally protected characteristics.


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