Folio Financial, Inc. is in search of a President/COO to lead and manage our self-clearing broker-dealer firm headquartered in McLean, VA.
The President/COO will have overall strategic and operational responsibility for Folio Investments, Inc., the company’s broker-dealer organization, including all middle and back office operations: trading clearance and settlement of equities, ETFs, mutual funds and private placements, margin and stock lending, corporate action and proxy voting, cash management, transfers, new accounts, tax reporting, billing, customer service and overall risk management. Through a constructive and energetic style, guided by the objectives of the company, the President/COO will provide the leadership, management and vision necessary to ensure that the firm has the proper operations controls, administrative and reporting procedures, and the people and systems in place to effectively grow the business and ensure operational efficiency.
The President/COO will be expected to understand and anticipate the needs of a growing and sophisticated investment services firm driven by technology. Key agendas include the business implementation of continuous technology enhancements and overall operational management to improve support that is provided to the firm’s retail and institutional clients. The President/COO will evaluate personnel and current business methods and strategies in order to recommend improvements. Internally, priorities will include the continued enhancement of operating process efficiency, accommodating business growth and deployment of resources to ensure compliance with the requirements of a variety of regulatory agencies. Externally the President/COO will interact with institutional clients on a frequent basis.