Vice President Fixed Income 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 fixed income 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:

• Domestic fixed income and US treasury fail control.
• Handle daily settlement activity at BONY and DTC for fixed income repo activity.
• Maintain communication with repo trading business to resolve discrepancies and minimize business and operational risk.
• Coordinate with Treasury and trading desk for daily funding projections.

• 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
• 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: 

• At least eight (8) years of professional experience in settlements preferable FED and DTC
• Experience working with Fixed Income including factor adjustments P&I BONY DTC settlement
• Understand the trade lifecycle of fixed income assets
• Bony broker dealer clearing platform knowledge
• DTC Settlement web knowledge
• Series 99 or 7 exam
• 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 $120000-$145000. 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

What We Do

Clear Street’s mission is to give every sophisticated investor access to every asset in every market through a unified platform built for speed transparency and scale. We give our clients the technology tools and service once reserved for the largest institutions rebuilt with modern infrastructure. Our single cloud-native end-to-end capital markets platform powers investor growth today and is transforming how they can interact with markets tomorrow. For more information visit https://clearstreet.io.

Why Work With Us

Clear Street has thoughtfully cultivated a team that combines problem-solving engineers with financial industry experts across clearing platforms compliance and more. The company is focused on building a team that is motivated to tackle fintech innovation and create a collaborative work culture for everyone.

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