Equities Clearing & Settlement Specialist (Hybrid)

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 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