Senior Associate of Payments, Clear Street
$85-100k
+ Equity
5 days a week in office
Modern infrastructure for capital markets
Job no longer available
Modern infrastructure for capital markets
201-500 employees
Job no longer available
$85-100k
+ Equity
5 days a week in office
201-500 employees
Company mission
To rebuild the infrastructure that supports the capital markets, bringing them into the future.
Role
Who you are
- 5 years of experience in cash management, payment processing within a broker dealer or financial services firm
- Experience and knowledge in ISO and SWIFT payment
- Proficiency in financial systems, payment platforms, and reconciliation tools
- BA/BS Degree in Finance or similar major
- Excellent attention to detail and ability to work in a fast-paced environment
- Strong problem-solving skills and ability to communicate effectively with stakeholders
- Self-motivated, high attention to details, and extremely organized
What the job involves
- We are looking for a Middle Office professional to work in the Clear Street Payment team, a part of the operations division
- This role will be focused on supporting clients’ payment flow to ensure the efficient handling of cash transactions and managing payment systems
- Processing of incoming and outgoing payments through various channels, including wire transfers and ACH
- Monitor cash levels to ensure adequate liquidity for daily operations
- Monitor and reconcile daily cash movements across multiple accounts and financial institutions
- Support audits and regulatory examinations by providing necessary payment documentation
- Identify process improvements to enhance efficiency and reduce errors in payment processing
Our take
Clear Street is building up-to-date, cloud native infrastructure for capital markets, bringing clients faster and easier access to things like reporting, clearing, custody, and execution.
It’s been quite a rise to prominence for the New York based startup, which surpassed a billion dollar valuation in 2022 despite only launching in 2018. However, given the previous industry experience of its founders, Clear Street's success should come as no surprise. The trio built the platform as a remedy to their own pain points, missed opportunities, and lack of access to key data in the prime brokerage space.
With its Unicorn status secured and its list of clients growing, Clear Street is now gearing up for a period of rapid expansion, both geographically and across the financial services industry. Securing funding in 2023 from Prysm Capital, the company has money to play with as it continues to pursue better infrastructure for capital markets.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
11% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Apr 2023
$270m
SERIES B
May 2022
$165m
SERIES B
Total funding: $470m
Company benefits
- 401k matching
- Full medical, dental and vision insurance
- Generous vacation time
- Opportunities for professional development
- In-office benefits include lunch stipends, fully stocked kitchens, happy hours, and amazing office views
Company HQ
World Trade Center, New York, NY
Leadership
Chris Pento
(CEO)Financial services & investment veteran with over 30 years in the sector. Worked in Senior Management & Executive roles at Merrill Lynch, Knight Capital, Arxis Capital, Exos Financial, and Engineers Gate LP, before co-founding Clear Street in 2018.
Sachin Kumar
(CTO)Former Pearl Rothman Software Engineer who has founded two previous FinTech companies - Tolo Technologies, and QED Trading.
Uriel Cohen
(Executive Chairman)Trader, investor, and founder of proprietary trading firm Highland Capital Group. Co-founded proprietary investment firm Alpine Global Management in 2012.
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