Senior Associate, Settlements

About Clear Street: 

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.

We started from scratch by building a completely cloud-native clearing and custody system designed for today's complex, global market. Clear Street's proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.

By combining highly-skilled product and engineering talent with seasoned finance professionals, we're building the essentials to compete in today's fast-paced markets.

The Team:

The Settlements team sits within Clear Street's Global Custody department, alongside Global Tax Operations, Asset Servicing, and Dev Ops. The team is responsible for the accurate and timely settlement of securities transactions and the associated cash and position movements, operating within a highly regulated broker-dealer environment.

The Role:

This role will initially focus on equity settlement and related cash, position, and suspense reconciliations. Over time, responsibilities will expand through cross-training as business needs evolve. The ideal candidate is adaptable, detail-oriented, and comfortable operating in a fast-paced, control-driven environment.

Key Responsibilities:

• Perform DTC equity settlement functions, including ACAT and non-ACAT customer transfers, pair-offs, SPO charges, RAD management, and fail reporting
• Manage fails and buy-ins, including issuance of broker-to-broker buy-in notices and monitoring through DTC's Obligation Warehouse
• Handle regulatory and operational settlement processes, including FINRA extensions, DK reporting, new issue processing, ETF settlements, obligation warehouse activity, and EOD balancing
• Perform daily reconciliation of cash, position, and suspense accounts and resolve breaks in a timely manner
• Execute and document daily key controls in accordance with internal policies and regulatory requirements
• Ensure compliance with applicable regulations, including Reg SHO, Reg T, and SEC Rule 15c3-3
• Identify, design, and implement automation opportunities to improve reporting accuracy, operational efficiency, and risk mitigation
• Develop and maintain Standard Operating Procedures (SOPs to support training, incident response, and operational continuity)
• Participate in cross-training and knowledge sharing to drive process improvement, scalability, and team effectiveness

Requirements: 

• 3+ years of experience at a financial institution, preferably in DTC settlements or custody operations
• Willingness to obtain the SIE and Series 99 licenses
• Strong risk and control mindset with experience operating in regulated environments
• Proven experience working with large data sets and performing operational reconciliations
• Ability to work independently with minimal supervision while managing competing priorities
• Experience in a fast-paced, multifaceted broker-dealer, clearing, or custody operations environment
• Strong analytical and problem-solving skills with a proactive approach to identifying issues and implementing process improvements
• Experience in ACAT related transfers is a strong plus

We Offer: 

The Base Salary Range for this role is $80,000-$110,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.

At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. As such, we are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.

Our top priority is our people. We're continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse - in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer. #LIHYBRID