FICC Clearing Associate

Aplaro Ltd; New York (NY); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Discretionary bonus

Benefits package

Job summary

Hudson River Trading (HRT) in New York City is seeking an experienced FICC Clearing Associate to join our Securities Financing & Clearing team. You will manage the clearance and settlement of U.S.

Treasury transactions cleared via the FICC, ensuring accurate trade processing and timely resolution of exceptions. You will collaborate with trading, middle office, compliance, and risk teams to optimize clearing workflows and support reporting requirements, while developing expertise in FICC rules

Qualifications

• 3+ years of relevant experience in fixed income operations, preferably in U.S. Treasuries clearance and settlement.
• Strong understanding of U.S. Treasury market, FICC processes, margin, and settlement cycles.
• Experience working with clearing systems, trade matching platforms, and custodians.
• Proven ability to manage trade exceptions and settlement breaks.
• Strong analytical, problem-solving, and communication skills.
• Meticulously detail-oriented, with the ability to work independently in a fast-paced environment.
• Equity and/or F&O clearing experience is a plus.
• Familiarity with regulatory requirements impacting fixed income clearing (e.g., SEC, FINRA, DTCC rules) is a plus.

Responsibilities

• Manage end-to-end trade clearance and settlement of U.S. Treasury transactions cleared through the FICC.
• Monitor trade flows and ensure accurate trade capture, reporting, allocation, and matching.
• Identify, investigate, and resolve breaks, fails, and settlement discrepancies in a timely manner.
• Liaise with counterparties, custodians, and the FICC to ensure smooth trade settlement.
• Partner with internal teams (e.g., trading desk, middle office/operations, compliance, and risk) to optimize clearing workflows.
• Support regulatory and industry reporting requirements related to fixed income clearance and settlement.
• Manage intraday and end of day funding of custodial account and oversee intraday credit usage.
• Contribute to the development of policies, procedures, and controls to strengthen operational risk management.
• Provide subject matter expertise on FICC rules, margining, and settlement processes.

Skills

Fixed income operations

U.S. Treasuries clearing

Trade clearance & settlement

Regulatory awareness

Analytical problem-solving

Effective communication

Attention to detail

Job description

Hudson River Trading (HRT) is seeking an experienced FICC Clearing Associate to join our Securities Financing & Clearing team in New York City. This role will support the clearance and settlement of fixed income products, with a primary focus on U.S. Treasuries cleared via the Fixed Income Clearing Corporation (FICC). In this role, you will ensure timely and accurate trade processing, resolve exceptions, and help enhance our clearing infrastructure as our business expands. The ideal candidate will have a keen interest in fixed income, trading systems, and technology, and will be an enthusiastic contributor eager to learn and make an immediate, tangible impact on our fixed income business.

Responsibilities

• Manage end-to-end trade clearance and settlement of U.S. Treasury transactions cleared through the FICC
• Monitor trade flows and ensure accurate trade capture, reporting, allocation, and matching
• Identify, investigate, and resolve breaks, fails, and settlement discrepancies in a timely manner
• Liaise with counterparties, custodians, and the FICC to ensure smooth trade settlement
• Partner with internal teams (e.g., trading desk, middle office/operations, compliance, and risk) to optimize clearing workflows
• Support regulatory and industry reporting requirements related to fixed income clearance and settlement
• Manage intraday and end of day funding of custodial account and oversee intraday credit usage
• Contribute to the development of policies, procedures, and controls to strengthen operational risk management
• Provide subject matter expertise on FICC rules, margining, and settlement processes

Qualifications

• 3+ years of relevant experience in fixed income operations, preferably in U.S. Treasuries clearance and settlement
• Strong understanding of U.S. Treasury market, FICC processes, margin, and settlement cycles
• Experience working with clearing systems, trade matching platforms, and custodians
• Proven ability to manage trade exceptions and settlement breaks
• Strong analytical, problem-solving, and communication skills
• Meticulously detail-oriented, with the ability to work independently in a fast-paced environment
• Equity and/or F&O clearing experience is a plus
• Familiarity with regulatory requirements impacting fixed income clearing (e.g., SEC, FINRA, DTCC rules) is a plus

Compensation & Benefits

The estimated base salary range for this position is $150,000 - $200,000 per year, based on job-related skills and experience.

• Eligible for discretionary performance-based bonuses
• Competitive benefits package

Culture

Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.

At HRT we welcome a variety of expertise: mathematics and computer science, physics and engineering, media and tech. We’re a community of self-starters who are motivated by the excitement of being at the cutting edge of automation in every part of our organization—from trading, to business operations, to recruiting and beyond.

We value openness and transparency, and celebrate great ideas from HRT veterans and new hires alike. At HRT we’re friends and colleagues – whether we are sharing a meal, playing the latest board game, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.

Feel like you belong at HRT? Our goal is to find the best people and bring them together to do great work in a place where everyone is valued.

HRT is proud of our diverse staff; we have offices all over the globe and benefit from our varied and unique perspectives.

HRT is an equal opportunity employer; so whoever you are we’d love to get to know you.

Please be advised: Use of AI tools during interviews or assessments is strictly prohibited, unless otherwise instructed or agreed upon. We employ various methods to evaluate the authenticity of candidate responses. If we determine that AI assistance was used during any stage of the hiring process, we reserve the right to immediately disqualify your candidacy or rescind any job offers extended.