Brokerage Clearing Specialist

DriveWealth; Chicago (IL); Hybrid; USD 100,000 - 120,000; Full time

Benefits offered by this job

401(k) match

Medical insurance

Dental insurance

Vision insurance

Paid parental leave

Job summary

DriveWealth is seeking a Purchase & Sales Operations specialist for our Chicago-based hybrid role, focusing on trade processing, reconciliation, and settlement across equities and fixed income. You will confirm trades, support regulatory reporting, and coordinate with brokers, clients, and internal teams to resolve breaks in a fast-paced environment.

Ideal candidates have 2+ years in P&S with a Broker-Dealer, strong equity/option product knowledge, REGSHO buy-in experience, and

Qualifications

• 2+ years in P&S with a Broker-Dealer
• P&S specialist with Equity/Option product knowledge
• Buy-in knowledge REGS HO
• Reconciliation of Equity Trade Breaks in CNS
• Obligation Warehouse monitoring and Corrective action
• Series 99 (Operations Professional) certification required
• Series 7 or willingness to obtain within six months
• Familiarity with industry utilities and platforms (DTCC, NSCC, TRAQS, NASDAQ WORKX and TRAFIX)

Responsibilities

• Review, match, and confirm trade data from executing brokers and counterparties
• Process equity and/or fixed income trade activity through clearing and settlement systems
• Ensure accuracy of trade details including price, quantity, counterparty, and trade date
• Investigate and resolve trade discrepancies and breaks promptly
• Liaise with traders, prime brokers, custodians, and counterparties to resolve P&S issues
• Ensure trades are booked by regulatory guidelines (SEC, FINRA, DTCC)
• Monitor trade settlement cycles and assist in fail management to avoid fails
• Generate daily and monthly reconciliation and exception reports
• Assist with post-trade compliance and regulatory reporting obligations
• Participate in operational risk and control processes to mitigate exposure

Skills

P&S knowledge

Broker-Dealer exp

Equity knowledge

REGSHO knowledge

Trade reconciliation

DTCC familiarity

Series 99 cert

Series 7 license

Education

Not specified

Tools

DTCC platforms

NSCC

TRAQS

NASDAQ WORKX

TRAFIX

Job description

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.

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!

About the Role

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.

What You’ll Do

• Review, match, and confirm trade data from executing brokers and counterparties
• Process equity and/or fixed income trade activity through the firm’s clearing and settlement systemsEnsure accuracy of trade details, including price, quantity, counterparty, and trade date
• Investigate and resolve trade discrepancies and breaks promptly
• Liaise with traders, prime brokers, custodians, and counterparties to resolve P&S issues
• Ensure trades are booked by regulatory guidelines (e.g., SEC, FINRA, DTCC)
• Monitor trade settlement cycles and assist in fail management to avoid trade fails or buy-ins
• Generate daily and monthly reconciliation and exception reports
• Assist with post-trade compliance and regulatory reporting obligations
• Participate in operational risk and control processes to mitigate financial exposure

You Bring

• 2+ years working in the P&S Dept with a Broker-Dealer
• P&S specialist with Equity/Option product knowledge
• Buy-in knowledge re: REGSHO rule
• Reconciliation of Equity Trade Breaks in CNS
• Obligation Warehouse monitoring and Corrective action
• Series 99 (Operations Professional) certification required
• Series 7, or willingness to obtain the Series 7 license within six months of employment
• Familiarity with industry utilities and platforms (e.g., DTCC, NSCC, TRAQS, NASDAQ WORKX and TRAFIX)

Location

This role is open to candidates in the following location:Chicago, IL - Hybrid

• This role is expected to come into the office on a cadence set by the Hiring Manager/Team.
• If you're not based in the location listed above, this role is not a fit, and we cannot accommodate remote work outside of it.
• Applicants must be authorized to work for any employer in the U.S. DriveWealth does not sponsor or take over sponsorship of an employment visa at this time.

Pay Range: $100,000 USD – $120,000 USD

Working at DriveWealth

We do our best work when we're in the same room. To maintain the speed our partners expect, our New York, Chicago, and Lithuania teams work in office on a hybrid schedule. We've found that being physically side-by-side is the only way to solve complex problems in real-time and stay truly accountable to the products we ship. When you're here, you're working directly with the people making the decisions.

To support that work, we provide competitive compensation, equity, and a 401(k) match. We also offer Medical insurance, Dental insurance, Vision insurance, Disability insurance, and Paid Parental Leave, along with a wellness reimbursement, a company-provided phone, and a personal development allowance. Finally, we value the time you spend away from the office with generous Paid Time Off (PTO) and observed holidays.

Work Authorization

Applicants must possess the legal right to work in the country where the position is located at the time of application. DriveWealth requires all employees to provide original documentation verifying their work authorization on or before their first day of employment.

For US-based roles: Applicants must be currently authorized to work in the United States on a full-time basis without the need for current or future visa sponsorship. DriveWealth does not provide visa sponsorship or support for employment authorization, including transfers, at this time. Offers of employment are strictly contingent upon an individual’s ability to secure and maintain the legal right to work at the Company.

How We Think About AI

We leverage AI to work smarter and move faster. We seek AI-curious talent who are proactive about using emerging tools to increase signal quality, reduce friction, and improve outcomes to deliver products faster, provide better service to our partners, and to streamline processes. Your ability to leverage our internal tools and technology to drive results is as important to us as your core domain expertise.

Compensation

Pay is generally based on the level, complexity, responsibility, location, and job duties/requirements of the specific position. We then source candidates with the requisite skills, expertise, training, and experience. If you are selected for an interview, please feel welcome to speak to a recruiter about our compensation philosophy and other available benefits. This role is eligible for base, bonus, equity, 401(k) match, and heavily subsidized benefits and perks.

To build technology and products that are used and loved by people and solve real-world problems, we need to build a team with many different perspectives and experiences. We are an equal opportunity employer. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We encourage candidates from all backgrounds to apply.