Senior Associate, Middle Office - Derivatives at Clear Street

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Capital Markets, BrokerageIndustries

Requirements

At least 2-3 years’ of professional experience working within a Middle Office role covering trade settlements, fail control, reconciliations of trade discrepancies, and client servicing; previous experience working for a Securities Based Swap Dealer is highly preferred
Prior experience with various products including equities, fixed income, repurchase agreements, futures, FX, options and working knowledge of Corporate Actions
Experience working with large data sets
Proficiency in Excel (VBA a plus)
Bonus
Experience with sell-side OTC derivatives
Understanding of security-based swaps regulations, and regulatory reporting
Experience dealing with Auditors and Regulators

Responsibilities

Interact directly with clients
Perform reconciliations and investigate breaks/discrepancies
Prepare trade confirmations and regulatory reporting
Book trades, cash flows, and corporate actions
Manage cashflows (processing and/or settlement of PnL, collateral, interest)
Process expiries and lifecycle events
Build and maintain client relationships, and serving as a liaison between clients and prime brokers/counterparties
Participate in various audits and regulator reviews
Learn new applications and help test integrations
Work closely with the Trading Desk, Sales, Compliance, Legal and Finance teams
Contribute to process improvement and the general operation of the team, swap dealer, and group

Skills

Derivatives

Middle Office

Reconciliations

Trade Confirmations

Regulatory Reporting

Trade Booking

Cash Flow Management

Collateral Management

PnL Processing

Client Relations

Audits

Clear Street

Provides prime brokerage and trading services

About Clear Street

Clear Street provides a unified platform for trading various financial products, including equities and options, across major markets. Their services focus on prime brokerage, which encompasses trade execution, financing, clearing, and custody, helping clients manage their trading activities effectively. The platform is cloud-based and API-first, allowing for easy integration with other systems and scalability for users. This setup enables clients to concentrate on trading rather than technical complexities. Clear Street differentiates itself with competitive pricing and a flexible approach, catering to both individual investors and large institutions. The company's goal is to enhance the infrastructure of capital markets, making trading more efficient and accessible.

New York City, New YorkHeadquarters

2018Year Founded

$457.2MTotal Funding

SERIES_BCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Company equity

401k matching

Parental leave

Full medical, dental & vision insurance

Lunch stipends

Fully stocked kitchens

Happy hours

Risks

Increased competition in cloud-native brokerage could pressure Clear Street's market share.

Regulatory changes in Europe may impose additional compliance costs for Clear Street.

Cryptocurrency market volatility could impact Clear Street's BTC yield strategies.

Differentiation

Clear Street offers a cloud-native clearing and custody system for capital markets.

The company provides a unified platform for trading equities and options globally.

Clear Street's API-first approach allows seamless integration with other software systems.

Upsides

Clear Street's UK expansion opens access to European markets and new revenue streams.

Winning top awards in technology and client service enhances Clear Street's market reputation.

Investment in Databento boosts Clear Street's access to advanced market data solutions.

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