Senior Settlements Analyst, Options

Altruist•Dallas, TX

2d•Hybrid

About The Position

Altruist is seeking a dynamic and experienced Senior Settlements Analyst with expertise in options processing and settlement. This role involves collaborating across departments to enhance operational efficiency, mitigate risk, and drive continuous improvement. The position offers the opportunity to shape the systems and processes that underpin Altruist’s clearing and settlement operations, ensuring excellence in service delivery.

Requirements

4+ years in brokerage operations, with specific expertise in options settlement, trade clearance and settlements for a self-clearing broker-dealer.
Strong mentorship abilities with a proven track record of building and rolling out strong processes and procedures.
FINRA Series 7 and/or 99 securities licenses.
Technologically savvy and proficient with DTC, NSCC, Obligation Warehouse, SMART Track, and other DTCC applications.
Expertise in options processing and settlement.
Pride in every aspect of work.
Intentional dialogue and strong communication skills.
Unwavering determination to achieve success.
Confident, ego-less, with a strong knowledge base, ability to discover the unknown, and openness to differing perspectives.
Creative problem-solving skills.

Responsibilities

Support daily settlement operations, including fail control functions, buy-ins for aged fails, daily settlement reconciliations, and the launch of options settlement.
Help with seg deficit management, including curing deficits and completing segmentation reporting.
Collaborate with internal teams (ACATS, Securities Lending Ops, Trading, FinOp) and external stakeholders (DTC, street counterparties, 3rd party vendors) to resolve settlement issues promptly and effectively.
Ensure accurate and timely processing of daily entries, adjustments, and corrections in the brokerage platform.
Identify, investigate, and resolve escalated trade, cash, and position reconciliation issues.
Help develop, document, and maintain department procedures, guidelines, and controls to ensure regulatory compliance and operational efficiency.
Monitor and report fail exposures to senior management.
Support and enhance systems integration to maintain data accuracy, consistency, and completeness across platforms.
Stay informed on industry developments, technologies, and best practices to ensure Altruist remains at the forefront of settlement operations.
Serve as the point of contact (POC) for options escalations, ensuring prompt resolution and effective communication with stakeholders.
Maintain documentation of processes and procedures.
Other duties as assigned

Benefits

Hybrid work schedule
Stunning, amenity-filled office spaces
Competitive pay and equity for eligible positions
Premium healthcare, dental, and vision insurance plans (HMO and PPO)
401k savings plan with a 4% match and immediate vesting
16 week paid parental leave after one year of employment
Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee
Company perks program (includes discounts on pet insurance, fitness, cell phone plans, and travel, etc.)
Financial guidance program
One month work from anywhere policy
Stock Options (ISOs) for eligible roles