Senior Associate, Clear Street
Settlements
$80-110k
+ Bonuses + Equity
4 days a week in office
Modern infrastructure for capital markets
Be an early applicant
Modern infrastructure for capital markets
501-1000 employees
Be an early applicant
$80-110k
+ Bonuses + Equity
4 days a week in office
501-1000 employees
Company mission
To rebuild the infrastructure that supports the capital markets, bringing them into the future.
Role
Who you are
- The ideal candidate is adaptable, detail-oriented, and comfortable operating in a fast-paced, control-driven environment
- 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
What the job involves
- 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
- 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
- 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
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 has been experiencing a period of rapid expansion, both geographically and across the financial services industry. It is also well-funded, which allows it to continue to pursue better infrastructure for capital markets into the future.
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
(Board Member & Co-founder)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
(Board Observer & Co-founder)Former Pearl Rothman Software Engineer who has founded two previous FinTech companies - Tolo Technologies, and QED Trading.
Uriel Cohen
(Chair & Co-founder)Trader, investor, and founder of proprietary trading firm Highland Capital Group. Co-founded proprietary investment firm Alpine Global Management in 2012.
Ed Tilly
(CEO)Was Chair and CEO at Cboe Global Markets for 11 years, and prior to that a Market Maker at Fossett Corporation.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 25 more jobs at Clear Street