Director, Securities Lending Trader

DriveWealth; New York (NY); On-site; USD 90,000 - 135,000; Full time

Benefits offered by this job

Competitive medical, dental, and vision insurance options

Generous paid time off

Paid parental leave

Education and personal development allowances

Daily lunch stipend

Pre‑tax commuter benefits

Employer 401K match

Job summary

A leading financial technology firm in New York seeks a Business Development Executive for Securities Lending Sales. This role involves managing securities lending activities, overseeing loan allocations, and ensuring compliance with U.S. regulations. The ideal candidate has 7–10+ years in securities lending and excellent analytical skills. Compensation ranges from $90,000 to $135,000, with benefits including health insurance, paid time off, and professional development allowances. This position requires a hybrid work schedule.

Qualifications

• 7–10+ years of experience in securities lending, securities finance, or prime brokerage.
• Strong understanding of U.S. securities lending regulations and short-selling mechanics.
• Experience coordinating across operational, technical, and market-facing teams.

Responsibilities

• Manage day‑to‑day securities lending activities including rate setting and inventory optimization.
• Oversee loan allocation processes to maximize revenue generation.
• Lead process improvements and coordinate with various teams.

Skills

Experience in securities lending

Excellent analytical skills

Communication skills

Problem-solving skills

Understanding of U.S. securities lending regulations

Education

Series 99

Series 7

Series 24

Job description

Business Development Executive, Security Lending Sales

Join to apply for the Business Development Executive, Security Lending Sales role at DriveWealth

DriveWealth is 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.

We seek enthusiastic professionals to contribute diverse perspectives and experiences to our Brokerage-as-a-Service platform. Our culture blends the pace and opportunity of a tech start‑up with the impact, stability, and significance of Wall Street. We encourage creativity and experimentation while ensuring institutional‑grade execution and regulatory compliance in everything we do. We value diversity and inclusion, celebrating the unique differences of our employees as we scale and grow together. We’re guided by operating principles grounded in accountability, teamwork, integrity, and solutions built to scale. Join us!

About The Role

We are seeking a highly skilled Business Development Executive, Securities Lending to help drive the growth, efficiency, and risk management of our securities lending program across our retail brokerage platform. In this role, you will serve as a senior contributor and operational leader, responsible for key elements of the lending lifecycle—inventory management, rate optimization, operations oversight, and strategic execution. This is a high impact position for a professional who thrives in a fast‑paced environment, balancing daily market dynamics with operational excellence and strong cross‑functional collaboration.

What You'll Do

Program Execution & Inventory Management

• Manage day‑to‑day securities lending activities, including rate setting, supply/demand calibration, and inventory optimization
• Oversee loan allocation processes and support the desk in maximizing utilization and revenue generation
• Provide insights into market conditions, borrower demand, short interest, and rate trends

Counterparty & Market Management

• Maintain working relationships with agent lenders, borrowers, and clearing partners
• Support the desk in pricing negotiations, strategic counterparty discussions, and rate improvement initiatives
• Monitor collateral levels, recalls, fails, and corporate action impacts

Operational Oversight

• Lead process improvements, automation initiatives, and cross‑team coordination with Operations, Product, Engineering, and Data
• Ensure accurate settlement, recall processing, and exception resolution
• Partner with Finance and Reporting teams to validate daily revenue and reconcile inventory or rate discrepancies

Risk, Governance & Compliance

• Implement and monitor risk controls related to collateral, counterparty exposure, settlement risk, and inventory concentration
• Ensure activities align with regulatory requirements including SEC/FINRA rules (e.g., Reg SHO, Rule 15c3‑3)
• Contribute to internal policy development, audit reviews, and regulatory examinations

Strategic & Cross‑Functional Collaboration

• Provide data-driven insights, revenue forecasts, and performance analysis to the Head of Desk
• Work closely with Product and Engineering teams to refine tools, dashboards, and automated workflows
• Educate internal stakeholders on securities lending mechanics, customer impacts, and risk considerations

What You’ll Need

• 7–10+ years of experience in securities lending, securities finance, or prime brokerage
• Series 99
• Strong understanding of U.S. securities lending regulations, short‑selling mechanics, and customer protection rules
• Familiarity with fully paid lending programs and customer disclosure requirements
• Demonstrated ability to manage complex lending processes and optimize revenue or utilization
• Excellent analytical, communication, and problem‑solving skills
• Experience coordinating across operational, technical, and market-facing teams
• A hands‑on, detail‑oriented approach and the ability to operate effectively on the team while owning critical components of daily operations
• A strong understanding of both the strategic and operational levers of securities lending
• A team-oriented mindset and a desire to help scale a world‑class retail‑focused securities lending program

Nice to Have, But Not Required

• Series 7, Series 24

Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor or take over sponsorship of an employment Visa at this time.

Compensation

Compensation package offerings are based on candidate experience and technical qualifications, as it relates to the role. These are identified and determined throughout your interviewing experience.

Please note: this role is expected to come into our office on a cadence set by the Hiring Manager/Team.

Pay Range

New York, NY (Hybrid) – $90,000—$135,000 USD

Benefits

• Competitive medical, dental, and vision insurance options
• Mental health resources
• Generous paid time off with observed holidays (varies per country)
• Paid parental leave for biological and adoptive parents
• Up to $2,500 or local equivalent each year to invest in continued education and personal development
• Up to $900 each year or local equivalent for fitness and wellness reimbursement
• Company-provided phone (varies by country)
• For HQ in‑office employees, a daily lunch stipend, unlimited snacks, and engaging office space in the Financial District
• Pre‑tax commuter benefits (US only)
• Employer 401K match (US only)

Benefit offerings vary based on country and are subject to change.

Equal Employment Opportunity

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 on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We encourage candidates from all backgrounds to apply. Applicants in need of special assistance or accommodation during the interview process or in accessing our website may contact us at [e-mail].

Agency Disclaimer

DriveWealth does not accept agency resumes. Please do not forward resumes to our jobs alias, employees, or any other organization location. DriveWealth is not responsible for any fees related to unsolicited resumes.