Brokerage Clearing Specialist

About this role

<div class="content-intro"><p><span style="font-family: helvetica, arial, sans-serif;"><strong><span style="font-size: 14pt;">About Us</span></strong></span></p> <p><span style="font-family: helvetica, arial, sans-serif;">DriveWealth is on a mission to make investing easier. We believe that everyone should have the ability to control their financial future, and that access to financial markets should not be limited by geography, wealth, or legacy systems. We are a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices. Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options.</span></p> <p><span style="font-family: helvetica, arial, sans-serif;">There’s never been a better time to build a category-defining business and there has rarely been a team better positioned for this opportunity. Our culture blends the pace and agility of a fintech start-up with the impact, stability, and discipline of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. Join us and help build the future of global investing!</span></p></div><h3><span style="font-family: helvetica, arial, sans-serif;"><strong>About the Role</strong></span></h3> <p><span style="font-family: helvetica, arial, sans-serif;">Purchase & Sales Operations 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. This is strictly a Chicago-based role.</span></p> <h3><span style="font-family: helvetica, arial, sans-serif;"><strong>What You’ll Do</strong></span></h3> <ul> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">Review, match, and confirm trade data from executing brokers and counterparties</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">Process equity and/or fixed income trade activity through the firm’s clearing and settlement systems</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">Ensure accuracy of trade details, including price, quantity, counterparty, and trade date</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">Investigate and resolve trade discrepancies and breaks promptly</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">Liaise with traders, prime brokers, custodians, and counterparties to resolve P&S issues</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">Ensure trades are booked by regulatory guidelines (e.g., SEC, FINRA, DTCC)</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">Monitor trade settlement cycles and assist in fail management to avoid trade fails or buy-ins</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">Generate daily and monthly reconciliation and exception reports</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">Assist with post-trade compliance and regulatory reporting obligations</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">Participate in operational risk and control processes to mitigate financial exposure</span></li> </ul> <h3><span style="font-family: helvetica, arial, sans-serif;">You Bring</span></h3> <ul> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">2+ years working in the P&S Dept with a Broker-Dealer</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">P&S specialist with Equity/Option product knowledge</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span style="font-family: helvetica, arial, sans-serif;">Buy-in knowledge re: REGSHO rule</span></li> <li style="font-family: helvetica, arial, sans-serif;"><span…