Clearing Operations Senior Associate
About The Position
Webull’s Clearing Operations team is a dynamic, back-office group focused on data-driven tasks and research. As a Clearing Operations Senior Associate or Associate Director, you will be a 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 Excel to clean, analyze, and organize data, ensuring accuracy and efficiency. As a member of this team, you will report directly to the Head of Clearing Operations, helping to streamline critical operational processes and enhance the overall efficiency of the team.
Requirements
- Bachelor’s degree in Economics, Business, or Finance
- 4+ years of experience in relevant field for Senior Associate or 7+ years of experience in relevant field for Associate Director
- Experience in clearing omnibus or self-clearing
- Experience with systems including Broadridge, Penson/Apex, FIS
- Own one or more functional domains while maintaining cross-functional clearing knowledge
- Prior production experience working at a retail broker dealer
Nice To Haves
- Series 7 or Series 99 license
- You are a collaborative team player with the ability to lead
- You bring strong problem solving, control, and project management skills to the table
- You have a keen sense of urgency and prioritize timely support resolution
- You excel in working efficiently and accurately under pressure in a fast paced, multi-tasking environment
Responsibilities
- Serve as the subject matter expert (SME) in one or multiple functional areas for clearing. Functional areas include:
- Trading and Purchase & Sales
- Cash (customer-facing) and Treasury (firm needs)
- Corporate Actions and Security Master
- Stock Record, Segregation, and Security Movements
- Account transfers, Cost Basis, Trade Reporting
- Write desk procedures and create efficiencies in daily processing
- Deliver and discuss operational technical specifications to the development team
- Be heavily involved in building out omnibus processes, procedures, controls, and overall best practices
- Act as the primary point of contact for the introducing broker dealer to triage and assess issues
- Conduct all operational tasks including resolving trade breaks, margin calls, trade settlement, journals, corporate actions, dividends, ACATS, statement delivery, trade confirmations, proxy delivery, and position and cash reconciliations
- Deliver objective analysis of error trends and opportunities and identify root causes
- Identify opportunities to automate manual operational processes and partner with technology on system enhancements and UAT
Benefits
- Comprehensive Health Coverage: 100% paid medical and dental insurance for employees and dependents, vision insurance, and more!
- Financial Support: 401(k) match, commuter benefits for NY positions, and short-term disability coverage.
- Work-Life Balance: Generous time off that increases with tenure, paid parental leave, personal days, sick time, volunteer days and company holidays.
- Wellness & Pet Care: Fitness and wellness benefits, plus pet insurance for your furry friends.
- Investing in Your Future: We provide tuition reimbursement to help you pursue relevant degrees, certifications, and training that align with your career goals.
- Dynamic Office Perks: Catered breakfast (every Monday) & lunches (every Friday), fully stocked kitchens, and monthly happy hours to connect and collaborate.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
