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Brokerage Operations Associate Jobs in Illinois (NOW HIRING)

Northern Trust

Sr Associate, Brokerage Operations

Chicago, IL · Hybrid

$67K - $111K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Summary Responsible for Operations support and client service for the global brokerage business. Has specific knowledge or expertise typically gained through formal education or equivalent experience.

Northern Trust

Sr Associate, Brokerage Operations

Chicago, IL · On-site

$67K - $111K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Summary Responsible for Operations support and client service for the global brokerage business. Has specific knowledge or expertise typically gained through formal education or equivalent experience.

Northern Trust

Sr Associate, Brokerage Operations

Chicago, IL · On-site

$67K - $111K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Summary Responsible for Operations support and client service for the global brokerage business. Has specific knowledge or expertise typically gained through formal education or equivalent experience.

M1 Finance

Broker Operations Associate

Chicago, IL

$70K - $85K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

We are looking for a motivated operations professional who has experience handling brokerage middle office functions. This position will be responsible for covering multiple aspects of the trade ...

M1 Finance

Broker Operations Associate

Chicago, IL

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

We are looking for a motivated operations professional who has experience handling brokerage middle office functions. This position will be responsible for covering multiple aspects of the trade ...

M1 Finance

Broker Operations Associate

Chicago, IL · On-site +1

$70K - $85K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

We are looking for a motivated operations professional who has experience handling brokerage middle office functions. This position will be responsible for covering multiple aspects of the trade ...

JMG Financial Group

Client Operations Associate

Downers Grove, IL · Hybrid

$60K - $70K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

... brokerage required. A successful Client Operations Associate will need the skills to work ... effectively in teams as well as independently. This is a great opportunity for someone looking to ...

Children's Home & Aid

Finance Operations Associate

Chicago, IL · On-site

$50K - $55K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

The Finance Operations Associate will drive projects that benefit the greater financial health of ... Serves as liaison to the agency's insurance broker, reporting claims, coordinating property updates ...

Children's Home and Aid

Finance Operations Associate

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

The Finance Operations Associate will drive projects that benefit the greater financial health of ... Serves as liaison to the agency's insurance broker, reporting claims, coordinating property updates ...

Jones Lang LaSalle IP, Inc.

Associate, Brokerage

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

... for our new Associate Brokers * Support senior brokers in initiating business development ... We have operations in over 80 countries and a workforce of over 102,000 individuals around the ...

JLL

Associate, Brokerage

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

... Associate Brokers * Support seniorbrokers ininitiating business development activities and take ... We have operations in over 80 countries and a workforce of over102,000 individualsaround the world ...

Altair Advisers

Client Operations Analyst

Chicago, IL · On-site

$68K - $77K/yr

Review and approve contracts prepared by the Client Operations Associate * Send new client ... Prior experience working with an investment custodian, broker/dealer, or investment manager

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Brokerage Operations Associate information

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How much do brokerage operations associate jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for brokerage operations associate in Illinois is $25.43, according to ZipRecruiter salary data. Most workers in this role earn between $17.26 and $29.33 per hour, depending on experience, location, and employer.

What is a brokerage operations associate?

Brokerage Operations Associates are professionals who support the day-to-day activities of a brokerage firm. They are responsible for processing trades, maintaining client accounts, ensuring regulatory compliance, and resolving discrepancies or issues related to transactions. Their work ensures the smooth settlement of trades and accurate record-keeping, which is essential for client trust and the proper functioning of financial markets. They often collaborate with brokers, clients, and other departments to ensure all operations run efficiently.

What are the key skills and qualifications needed to thrive as a brokerage operations associate?

To thrive as a Brokerage Operations Associate, you need a solid understanding of financial markets, trade processing, securities settlement, and a bachelor’s degree in finance or a related field. Familiarity with trade management platforms (such as DTCC, Bloomberg, or SWIFT), and sometimes FINRA Series 7 or Series 63 certification, is typically required. Strong attention to detail, analytical thinking, and effective communication skills help ensure accuracy and efficiency when resolving issues and interacting with clients or internal teams. These skills are crucial for minimizing risk, maintaining compliance, and ensuring smooth and timely execution of brokerage operations.

What are some common challenges faced by brokerage operations associates, and how can they be addressed?

Brokerage Operations Associates often encounter challenges such as managing high transaction volumes, ensuring regulatory compliance, and resolving discrepancies between trades and settlements. Staying organized and detail-oriented is crucial, as even small errors can have significant impacts. Proactively communicating with internal teams and external partners, and leveraging technology tools, can help streamline processes and minimize errors. Continuous learning about industry regulations and best practices also helps Associates stay ahead of compliance requirements.

What are the most commonly searched types of Brokerage Operations jobs in Illinois?

The most popular types of Brokerage Operations jobs in Illinois are:

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For Brokerage Operations Associate jobs in Illinois, the most frequently searched job titles are:

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Brokerage Operations Associate jobs near you

Brokerage Operations Associate I - ACATS

Alpaca

Chicago, IL • On-site, Remote

Full-time

Posted 3 days ago

New

Job description

Who We Are:

Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more.
Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totalling over 10 million brokerage accounts.
Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet. We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.
Alpaca is proudly backed by $400 million in funding from top-tier global investors including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Opera Tech Ventures, SBI Group, Derayah Financial, Unbound, Peak XV, Elefund, and Y Combinator.
Our Team Members:

We're a dynamic team of 400+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!
We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values—Stay Curious, Have Empathy, and Be Accountable—and are ready to make a significant impact, we encourage you to apply.

Your Role:

This is an opportunity to join a Fintech firm specializing in many facets of the broker-dealer space, with a B2B clearing platform supporting a wide network of partner brokers and API-driven workflows. You will focus on ACATS and non-ACATS transfers, working as a key member of the Transfers team that handles incoming and outgoing account movements across our partner ecosystem.

We're looking for someone who brings deep operational expertise in account transfers, thrives in a fast-paced and ever-evolving regulatory environment, and is excited to help build out our transfers function as we transition to self-clearing. Working collaboratively with internal and external partners, you'll play a key role in delivering accurate, timely, and compliant transfer processing while shaping the procedures and controls that support business continuity. The team is 100% distributed and remote.

Things You Get To Do:
  • Process daily incoming and outgoing ACATS within industry timelines, validating client information, contra accounts, and asset eligibility across the full transfer lifecycle
  • Process DTC / FOP (Free of Payment) transfers, ACATS Free Deliveries, Fail Reversals, and nonstandard transfer types (PTR, PTD, RCL, RCR, FRV, MFC, PTF)
  • Identify documentation and processing irregularities, execute the correct reject paths, and apply controls to prevent errors
  • Handle communications with contra firms, transfer agents, and partner brokers, coordinating on rejections, accelerations, reclaims, and documentation
  • Run mass account transfers and conversions, both internal and external
  • Partner with engineering to automate daily self-clearing workflows
  • Drive continuous operational improvement through root cause analysis, trend analysis, and updates to the control framework
  • Serve as the firm's Subject Matter Expert on transfers, acting as a referral point for policy-related queries
  • Prepare summary documentation for special projects and participate in cross-functional initiatives as assigned
Who You Are (Must-Haves):
  • 2+ years of ACATS experience, with hands-on industry portal usage and a strong understanding of the ACATS cycle, status progression, and industry timing requirements
  • Working knowledge of NSCC / DTCC rules, FINRA Rule 11870, and standard vs. nonstandard transfer flows
  • Knowledge of U.S. broker-dealer back-office operations, including DTC settlements, FOP transfers, Fund/SERV, and contra account formats across major U.S. broker-dealers
  • Ability to identify documentation and processing irregularities, draw logical conclusions, and outline corrective measures
  • Excellent written and verbal communication skills, with strong attention to detail and the ability to work both independently and collaboratively in a remote, fast-paced environment with hard daily cutoffs
  • Basic knowledge of SQL, Metabase, or similar query tools, and comfort navigating internal tools, industry portals, ticketing systems, and Google/Microsoft document solutions
  • Ability to adapt to an evolving regulatory landscape and contribute to a self-clearing operational build-out, while embodying our tenets: Stay Curious, Have Empathy, Be Accountable
  • Possess the SIE and Series 99 (or higher securities license), or achieve a passing result on the Series 99 within the first 180 days of employment
Who You Might Be (Nice-to-Haves):
  • Associate's degree in a business-related field and 5+ years of experience in ACATS, treasury or cashiering operations, banking, or financial services
  • Series 7
  • Hands-on experience processing ACATS on DTCC's portal as a deliverer, or supporting a firm's transition to self-clearing
  • Exposure to ACATS-Fund/SERV, options/annuity/UIT transfers, non-ACATS transfer agent workflows, or API-driven partner brokers
How We Take Care of You:
  • Competitive Salary & Stock Options
  • Health Benefits
  • New Hire Home-Office Setup: One-time USD $500
  • Monthly Stipend: USD $150 per month via a Brex Card

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.

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