Director - Corporate Actions & Asset Servicing

About this role

About Clear Street:

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.

We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.

By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

The Team:

The Asset Servicing Operations team is a crucial pillar within Clear Street’s Global Custody department. We own the entire lifecycle of corporate actions processing, proxy voting, prospectus delivery, cost basis, and US/foreign tax withholding. Our team moves fast, embraces data-driven workflows, and operates in tight alignment with our Product and Software Engineering squads to continuously automate and audit multi-asset processing pipelines.

The Role:

We are seeking a seasoned operational leader to join us as Team Lead / Director of Corporate Actions. In this role, you will act as a working manager—overseeing a high-performance squad of specialists while remaining deeply embedded in complex risk management, transaction reconciliations, and daily desk execution.

The ideal candidate must possess strong, hands-on domain expertise processing both domestic and foreign/international asset servicing events, alongside fixed income and repo-related activity. You will be the final escalation point for complex lifecycle events, ensuring perfect alignment between client election instructions, stock loan positions, internal sub-ledgers, and depositories.

Key Responsibilities:

• Team Leadership & Oversight: Supervise and develop a team of Corporate Actions specialists. Manage intraday queues, coordinate cross-training, and establish operational coverage matrices to meet strict daily depository and international market cutoffs.

• Domestic & Foreign Event Processing: Oversee the announcement capture, validation, and election execution for complex mandatory and voluntary corporate actions across both U.S. and foreign equity securities (including SPAC extensions, mergers, tenders, and rights offerings). Ensure seamless handling of international voluntary instructions.

• Global Cash Dividends & Distributions: Direct the daily processing, balancing, and allocation of domestic and foreign cash dividends, optional dividends, and other corporate distributions, ensuring accurate entitlement calculations and timely credit to client accounts.

• Fixed Income & Repo: Manage principal and interest (P&I) cash flow movements, factor adjustments, maturities, and bond calls. Partner directly with Stock Loan and Repo desks to track manufacturing payments and resolve position adjustments or payment breaks.

• Reconciliation & Break Management: Maintain a strict control environment by overseeing the daily audit trail matching transaction files and internal ledgers against depository position sheets (DTC/BONY/Custodians). Personally manage and resolve all out-of-balance breaks or position variances across global books.

• Process Modernization & Automation: Partner closely with internal Product and Engineering teams to build next-generation data master pipelines and test internal platform enhancements. Continually identify opportunities to leverage modern automation tools, AI assistance, and innovative technology to eliminate legacy manual operational workflows.

• High-Touch Client Servicing: Act as the primary escalation contact for prime brokerage clients and institutional desks regarding complex domestic or international elections, oversubscription tallies, fractional…