Operations Associate, Clearance & Settlement

RQD Clearing LLC • New York, NY

4d • $75,000 - $90,000 • Remote

About The Position

RQD is a modern correspondent clearing firm that offers clearing, custody, and execution solutions designed to meet the needs of today's dynamic market participants. Built entirely on cloud-native, real-time technology, RQD can quickly and seamlessly enhance its platform, adapt to regulatory changes, and offer a more efficient implementation that scales as clients grow. In addition to portfolio margin, RQD supports U.S. equities, options, ETFs, and other securities, catering to broker-dealers and FinTechs, including RIAs, that service retail, institutional, and active traders, foreign financial institutions, and proprietary trading firms. This is an opportunity to work for a fintech start-up and to be an integral part of growing a broker-dealer from the ground up. As a small, hardworking team, we pride ourselves on our entrepreneurial culture and cross-team collaboration. We are seeking an Operations Associate to join our Operations team, with responsibility for daily clearance and settlement, reconciliations, and asset servicing across our correspondent clearing platform.

Requirements

• Bachelor's degree in Finance, Economics, Business, or a related field
• 3–5 years of experience in clearing and settlement operations at a broker-dealer, clearing firm, or custodian
• Strong working knowledge of DTC and NSCC systems and processes (CNS, settlement, position management), and familiarity with corporate actions processing
• Experience with reconciliations, fails management, buy-ins, and deficit resolution
• Understanding of relevant regulatory requirements (e.g., Reg SHO, SEC Rules 15c3-3)
• Strong attention to detail with the ability to process high volumes with accuracy under daily deadlines
• Excellent analytical, problem-solving, and communication skills
• Proficiency in Excel

Nice To Haves

• SQL experience a plus
• Series 99 or 7 a plus

Responsibilities

• Manage daily clearance and settlement activity at DTC and NSCC (CNS and non-CNS), including trade-for-trade, deliver orders, night cycle/day cycle processing, and exception resolution
• Monitor and resolve fails to deliver and fails to receive, including Reg SHO Rule 204 close-out obligations and buy-in processing
• Identify, track, and resolve possession and control, segregation, and margin deficits in coordination with Compliance and Risk
• Perform daily cash and position reconciliations between internal books and records, DTC, NSCC, and bank accounts; investigate and clear breaks in a timely manner
• Process the full lifecycle of corporate actions (mandatory and voluntary), including announcements, entitlements, elections, allocations to correspondents and customers, and post-event reconciliation
• Support correspondent broker-dealers with settlement, reconciliation, and asset servicing inquiries, delivering timely and accurate responses
• Support regulatory reporting, audits, and examinations as they relate to operations functions

Benefits

• UnitedHealthcare medical coverage (multiple plan tiers, including HDHP options) — company covers 90% of premium costs, effective your first day of employment.
• Dental and Vision included.
• Health Savings Account (HSA) and Flexible Spending Account (FSA) options
• Paid Time Off — 20 accrued vacation days/yr, 6 sick days/yr (with carryover), 2 personal days/yr, and 1 volunteering day/yr
• 401(k) with a strong employer match — 100% match on the first 4% of employee contributions, immediately vested

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level