Associate, Options Clearing Operations

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 Role:

We are looking for an Associate to work as part of the Clear Street LLC’s Clearing / Purchase and Sale team, a part of the operations division. This role will ensure reporting accuracy while contributing to the consistent optimization of our company. You will own the timely booking of trades, ensuring executions are entered accurately. You will communicate with external brokers and clients as well as internal traders and team members to support timely settlement and accuracy of books and records.

• You will perform daily reconciliations.
• You will monitor & resolve exceptions & rejects in trade flows & postings.
• You will contribute to process improvement and the general operation of the team.

Requirements:

• At least two (2) years of professional experience in clearing listed options, USD equities, and Fixed Income transactions
• Proficiency in NSCC, DTCC & OCC applications
• Series 4 and 7 preferred, if not, Series 4 within 6 months of hire date.
• Strong communication skills
• Proficiency in Excel
• Knowledge of trade reporting to TRFs is a plus.
• Experience with ETF processing, Trace and International a plus
• You enjoy increasing efficiency by utilizing technology.

We offer:

• The opportunity to join a small and growing team of good people, where you can make a difference.
• A meritocratic philosophy that champions collaboration
• Room to innovate, solve complex business problems, and build new products.
• Competitive compensation, benefits, and perks

Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

The Base Salary Range for this role is $110,000 - $140,000. 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, beginning on January 2, 2023, 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.

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