Asset Servicing, Senior Associate

Webull Financial•Saint Petersburg, FL

8d•$90,000 - $115,000•Onsite

About The Position

Webull’s Clearing Operations team is a dynamic, back-office group focused on data-driven tasks and research. As an Asset Servicing Senior Associate, you will be part of this team, focused on overseeing and managing the settlement of financial transactions, ensuring that trades are accurately processed, cleared, and settled in accordance with regulatory requirements and Webull policies. In this position, you will utilize data analysis and reporting tools to clean, analyze, organize, and validate data, ensuring accuracy and operational efficiency. As a member of this team, you will help streamline critical operational processes, identify opportunities for improvement, and enhance the overall efficiency of the team.

Requirements

Bachelor’s degree in Finance, Economics, Business, or a related field.
4+ years of relevant experience in brokerage, clearing, settlement, or asset servicing operations.
Experience working within a clearing omnibus or self-clearing environment.
Working knowledge of options clearing and OCC processes, including exercises, assignments, expirations, and position settlement.
Strong understanding of applicable regulatory requirements and industry guidance governing brokerage, clearing, settlement, and asset servicing operations.
Experience with clearing and brokerage platforms, including Broadridge, Penson/Apex, FIS, or similar systems.
Demonstrated ownership of one or more functional operational domains, with strong cross-functional knowledge of the broader clearing environment.
Prior production experience within a retail broker dealer.
Strong understanding of DTCC settlement processes and post-trade operations.
Ability to translate complex operational requirements into clear procedures, controls, and system requirements.

Nice To Haves

Series 7 or Series 99 license, or the ability to obtain within 90 days.
Collaborative team player with the ability to lead initiatives and drive results.
Strong problem-solving, risk and control, process improvement, and project management skills.
Strong sense of urgency with the ability to prioritize issues and drive timely resolution.
Highly organized and detail-oriented, with the ability to manage multiple priorities in a fast-paced, high-volume operational environment.
Comfortable working across Operations, Technology, Product, and other stakeholders to solve problems and implement sustainable solutions.
Demonstrated ability to identify inefficiencies and drive automation and operational improvements.

Responsibilities

Serve as the Subject Matter Expert (SME) for one or more functional areas, including: Trading and Purchase & Sales, Stock Position and Cash Operations, Option and OCC Operations, Corporate Actions and Security Master, Stock Record, Segregation, and Security Movements, Account Transfers, Cost Basis, and Trade Reporting.
Develop and maintain desk procedures, controls, and operating standards while identifying opportunities to improve daily processing and operational efficiency.
Translate operational requirements into technical specifications and partner with Development and Technology teams through implementation and testing.
Play a key role in building and enhancing omnibus clearing processes, procedures, controls, and best practices.
Serve as the primary operational point of contact for the introducing broker-dealer, triaging issues, assessing impacts, and coordinating timely resolution.
Execute and oversee core clearing and asset servicing activities, including trade break resolution, margin calls, trade settlement, journals, corporate actions, dividends, ACATS, statement delivery, trade confirmations, proxy delivery, and position and cash reconciliations.
Analyze operational errors, trends, and exceptions to identify root causes, control gaps, and opportunities for improvement.
Identify opportunities to automate manual processes and partner with Technology on system enhancements, testing, and UAT.
Support cross-functional initiatives and operational projects from requirements through implementation and production readiness.