Associate Director, Clearing Operations

About The Role & Team

The Associate Director, Clearing Operations supports end-to-end back-office clearing and settlement across retail and institutional businesses. This role requires strong hands-on knowledge of DTCC settlement, trade exception management, reconciliations, and control reporting, including experience working with self-clearing within an omnibus model.

In This Role, You Will

• Support daily clearing and settlement activities across DTC, CNS, and non-CNS markets, ensuringtimelyandaccuratesettlement of securities transactions.

• Ensureall transactions are accurately recorded and processed through internal systems and DTC tofacilitatesuccessful settlement.

• Perform DTC settlement functions, including Deliver Orders (DOs), Receiver Authorized Delivery (RAD) management, Securities Payment Orders (SPOs), pair-offs, collateral pledgesandfail reversals (FRVs).

• Process ACAT and non-ACAT customer transfers, including free deliveries and associated settlement activities.

• Manage settlement exceptions, including failing transactions, buy-ins, fail reporting, and Obligation Warehouse (OW) processing, while ensuring compliance with Regulation SHO and applicable SEC rules.

• Perform daily trade, cash, position, and securities reconciliations across internal books, DTC, depositories, transfer agents, and counterparties; investigate and resolve discrepanciesin a timely manner.

• Support institutional and retail trade flows, including allocations, affirmations, confirmations, settlement, journals, and post-trade processing.

• Resolve trade exceptions across settlement platforms, including CTM.

• Protect customer fully paid securities through proper segregation, memo segregation, and possession and control proceduresin accordance withSEC Rule 15c3-3.

• Collect mark-to-market and resolve money differences through Securities Payment Orders (SPOs) and cash reconciliation processes.

• Produce operational reporting, including aging reports, money difference reports, fail reporting, reconciliation metrics, and management reporting.

• Ensure compliance with applicable SEC, FINRA, DTCC, OCC, and internal regulatory requirements whilemaintainingcomplete and audit-ready documentation.

• Assistwith internal audits, regulatory examinations, and control documentation by preparing supporting work papers and responding to inquiries.

• Perform operational risk assessments,identifycontrol deficiencies, conduct root cause analysis, and escalate material issues to management.

• Partner with Technology, Treasury, Finance, Compliance, and other business units to resolve operational issues, improve controls, and streamline processes.

• Drive continuous operational improvement through automation initiatives, process redesign, trend analysis, and collaboration with engineering teams.

• Develop,maintain, and communicate Standard Operating Procedures (SOPs), policies, and process documentation to support training, consistency, and operational continuity.

• Participate in projects, system implementations, testing, and other strategic initiatives supporting the self-clearing business.

• Foster strong cross-functional communication and teamwork while providing subject matterexpertiseand support acrossClearingOperations.

• Performadditionalduties and responsibilities as assigned to support businessobjectivesand operational excellence.

The Skills You Bring

• Bachelor's degree in Finance, Economics, Business Administration, ora relatedfield.

• Minimum of 7+ years of experience in broker-dealer clearing, settlement, or operations.

• Active FINRA Series 99 and/or Series 7 and Series 24 licenses, or the ability to obtain the required licenses within180 daysof hire.

• Strong understanding of DTCC settlement processes, including both CNS and non-CNS environments.

• Experience supporting institutional trade processing, including allocations, affirmations, confirmations, and settlement.

• Hands-on experience with industry platforms such as Broadridge, Apex, FIS(Phase 3), or comparable systems.

• Experienceoperatingin omnibus clearing and/or self-clearing broker-dealer environments.

• Working knowledge of fails management, buy-in processing, CTM, and operational reconciliations.

• Solid understanding of back-office controls, exception management, operational risk, and trade lifecycle processing.

What Makes You Stand Out

• Previousoperations experience at a retailbroker-dealer.

• Demonstrated leadership abilities with a collaborative, team-oriented approach.

• Strong analytical, problem-solving, and project management skills with a focus on process improvement.

• Proven ability to manage competing priorities witha strong senseof urgency and accountability.