Operations Specialist, Purchase & Sales

DriveWealth•New York, NY

6h•$115,000 - $125,000•Hybrid

About The Position

The Purchase and Sales (P&S) Associate plays a critical role in trade processing, reconciliation, and settlement across various asset classes, primarily equities. This position ensures the timely and accurate confirmation of trades, supports regulatory reporting requirements, and coordinates with executing brokers, clients, and internal teams to resolve breaks and exceptions.

Requirements

2+ years working in the P&S Dept with a Broker-Dealer
P&S specialist with Equity/Option product knowledge
Buy-in knowledge re: REGSHO rule
Reconciliation of Equity Trade Breaks in CNS
Obligation Warehouse monitoring and Corrective action
Series 99
Familiarity with industry utilities and platforms (e.g., DTCC, NSCC, TRAQS, NASDAQ WORKX and TRAFIX)
Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor or take over sponsorship of an employment Visa at this time

Responsibilities

Review, match, and confirm trade data from executing brokers and counterparties
Process equity and/or fixed income trade activity through the firm’s clearing and settlement systems
Ensure accuracy of trade details, including price, quantity, counterparty, and trade date
Investigate and resolve trade discrepancies and breaks promptly
Liaise with traders, prime brokers, custodians, and counterparties to resolve P&S issues
Ensure trades are booked by regulatory guidelines (e.g., SEC, FINRA, DTCC)
Monitor trade settlement cycles and assist in fail management to avoid trade fails or buy-ins
Generate daily and monthly reconciliation and exception reports
Assist with post-trade compliance and regulatory reporting obligations
Participate in operational risk and control processes to mitigate financial exposure