Associate - Securities Lending Operations

Clear Street; New York (NY); On-site; USD 100,000 - 150,000; Full time

Benefits offered by this job

Base salary range

Company equity

401k matching

Parental leave (gender neutral)

Medical insurance

Lunch stipends

Kitchens & amenities

Happy hours

Great location

Amazing views

Job summary

Clear Street is hiring an experienced professional to support its Securities Lending business. The role partners with the trading team to enhance platform efficiency and build out teams and processes across cross-asset operations.

Responsibilities include managing loan lifecycles, rate negotiation support, settlement, and effective client communication. Requires strong familiarity with SFTR, CSDR, and related regulatory requirements.

Qualifications

• At least two years in securities lending operations.
• Experience in loan booking, term loan management, and equity/fixed income settlement.
• Experience building and documenting operational processes with settlement, clearing, risk, and margin functions.
• Deep cross-asset knowledge in fixed income and equity.

Responsibilities

• Manage end-to-end stock loan lifecycle: trade capture, confirmation, daily MTM, rate resets, settlement.
• Own return and recall, buy-in process, monitoring open loans and recall timelines near settlement cut-offs.
• Oversee corporate action processing across the securities finance book (dividends, manufactured payments, rights/spin-offs).
• Input into CCP/Exchange margin requirements.
• Oversee operational KPIs, reconciliations, and margin calls.
• Perform/daily position and cash reconciliations between internal systems, prime brokers, custodians, and tri‑party agents and CCPs.
• Align with Settlement team to manage fails risk to the firm.
• Monitor securities lending fails, buy-in exposure, partial settlements, and borrower/lender close-out.
• Provide client and business stakeholder communication as a key contact for Equity Finance operations.
• Support onboarding processes, ensuring adherence to industry standards.
• Liaise with Revenue Finance to ensure accruals, fee capture, and rebate reconciliations.

Skills

Securities Lending

Stock Loans

Cross-Asset

Settlement

Risk & Margin

Client Communication

Regulatory SFTR

Job description

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. Our platform is fully integrated with central clearing houses and exchanges to support billions in trading volume per day. We’ve agonized about our data model abstractions, created horizontal scalability, and crafted thoughtful APIs. All so we can provide a best-in-class experience for our clients. 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 Role

We are looking to hire an experienced person to support the growing Clear Street Securities Lending business. This role is for a self-starter and the candidate should be keen on partnering with the trading team to ensure the operational efficiencies of the platform and have strong experience in building teams and platforms. Cross-Asset knowledge and experience is crucial to ensure the Middle Office support perfectly aligns with the growth of the finance platform. Experience in securities lending and stock loan operations — including loan booking, rate negotiation support, and settlement of equity and fixed income borrows and loans — is essential.

Responsibilities

• Manage end-to-end stock loan lifecycle: trade capture and confirmation, daily mark-to-market, rate resets, and contractual settlement


• Own the return and recall, buy-in process, including monitoring open loans, processing early returns, and managing recall timelines in line with settlement cut-offs


• Oversee corporate action processing across the securities finance book, including dividend entitlements, manufactured payments, and rights/spin-off events


• Input into CCP/Exchange margin requirements


• Oversee all operational KPIs, reconciliations, and margin calls


• Perform and supervise daily position and cash reconciliations between internal systems, prime brokers, custodians, and tri‑party agents (e.g. BNY, Euroclear, DTCC) and CCP’s (OCC, NSCC – SFT)


• Align closely with the Settlement team to manage fails risk to the firm


• Monitor and actively manage securities lending fails, including buy-in exposure, partial settlement, and borrower/lender close-out procedures


• Provide exceptional client and business stakeholder communication and service, acting as a key contact for Equity Finance operations


• Support the onboarding process, ensuring adherence to industry standards and best practice


• Liaise with the Revenue Finance team to ensure accurate accruals, fee capture, and rebate/fee reconciliations

Skills Required

• At least two (2) years of professional experience working in an Securities Lending operations function


• Demonstrated hands-on experience in securities lending or stock loan operations, including loan booking, term loan management, and equity/fixed income borrow/loan settlement


• Experience building and documenting operational processes as well as working with settlement, clearing, risk, and margin functions


• Deep cross-asset knowledge (fixed income and equity)


• Familiarity with securities lending platforms and systems (e.g. Loanet, Equilend, 4sight/FIS, Broadridge SecFinance, or equivalent


• Solid experience in managing bilateral secured financing operations


• Strong understanding of the MSLAs, GMSLAs and key contractual mechanics: right of substitution, manufactured payments, close-out netting, and event of default provisions


• Working knowledge of regulatory frameworks relevant to securities financing transactions, including SFTR reporting obligations and CSDR settlement discipline


• Ability to partner with the Equity Finance Trading team to optimise inventory


• Deep experience in managing operations risk items (recs, cash balances, nostro, etc.)


• Experience in corporate actions processing within a lending/borrowing context, including entitlement claims, manufactured dividend calculations, and record date management


• Confident communicator with the ability to quickly build relationships with external clients and counterparties, and internal stakeholders


• Analytical approach with strong attention to detail

We Offer

• The Base Salary Range for this role is $100,000 - $150,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.


• company equity


• 401k matching


• gender neutral parental leave


• full medical, dental and vision insurance


• competitive compensation packages


• In-office benefits include lunch stipends


• fully stocked kitchens


• happy hours


• a great location


• amazing views

Our belief has always been that we are better as a business when we are all together in person. As such, we are requiring employees to be in the office 4 days per week. Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer. #LI-Hybrid