Senior Settlements Analyst

Altruist; Dallas (TX); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Hybrid work schedule

Competitive pay

Premium healthcare

401k savings plan

Generous paid parental leave

Professional growth opportunities

Wellness programs

Company perks program

Financial guidance program

Job summary

Altruist is seeking a Senior Manager of Settlements based in Dallas, TX. In this role, you will lead and elevate the Settlements team, ensuring seamless trading and reporting processes while collaborating with various departments. An ideal candidate will have over 8 years in brokerage operations, with strong leadership skills and relevant securities licenses. Altruist offers a hybrid work environment and a competitive benefits package, making a significant impact in the financial advice industry.

Qualifications

• 8+ years in brokerage operations, with 4+ years in management.
• Proven track record of leading high-performing teams.
• Holds series 7, 24, and 53 licenses.

Responsibilities

• Lead and mentor Settlement Analysts.
• Manage daily settlement operations and mitigate risks.
• Collaborate with internal and external teams to resolve issues.

Skills

Team leadership

Brokerage operations

Technical aptitude

Creative problem solving

Communication

Education

Bachelor's degree in a relevant field

Tools

DTC

NSCC

Obligation Warehouse

SMART Track

Job description

Altruist is the modern custodian built exclusively for independent financial advisors that combines a self-clearing brokerage firm with intuitive software for account opening, trading, reporting, and billing — all in one streamlined solution. Financial advisors across the U.S. have partnered with Altruist to reduce costs, save time, grow their business, and provide better outcomes for their clients. Our mission is to make financial advice better, more affordable, and accessible to everyone — but we can’t do it alone. We’re seeking exceptional talent to join our team. That’s where you come in!

If you’re passionate about challenging the status quo and making a meaningful impact in the financial advice industry, we’d love to meet you!

But first, our values

• Kindness - Kindness doesn’t just equal niceness. We listen to understand. We embrace, and encourage healthy debate and diverse perspectives. We approach conflict openly, honestly, and respectfully.
• Brilliance - Humility is the skill we’re most proud of and possessing a growth mindset is always top of mind. We take ownership in everything we touch; regularly using our unique superpowers to reach a common goal as a team. We succeed and fail as one.
• Grit - When challenges arise, we stay laser focused on achieving our mission and finding a way forward, even when it’s hard. We are nimble and maintain a sense of urgency, swiftly adapting to change and overcoming obstacles.

The opportunity

Altruist is in the midst of an exceptional growth phase and we’re excited to hire a dynamic and experienced Senior Manager of Settlements to lead and elevate our Settlements team within the Operations department. This role is integral to ensuring seamless trading, settlement, and reporting processes. The Senior Manager will oversee a team of Analysts and collaborate across departments to enhance operational efficiency, mitigate risk, and drive continuous improvement. This position offers the opportunity to shape the systems and processes that underpin Altruist’s clearing and settlement operations, ensuring excellence in service delivery.

Your impact

• Lead and mentor a team of Settlement Analysts, providing guidance, coaching, and development opportunities to ensure a high-performing team.
• Manage daily settlement operations, including fail control functions, buy‑ins for aged fails, and daily settlement reconciliations.
• Oversee seg deficit management, including curing deficits and completing segmentation reporting.
• Collaborate with internal teams (ACATS, Securities Lending Ops, Trading, FinOp) and external stakeholders (DTC, street counterparties, 3rd party vendors) to resolve settlement issues promptly and effectively.
• Ensure accurate and timely processing of daily entries, adjustments, and corrections in the brokerage platform.
• Identify, investigate, and resolve escalated trade, cash, and position reconciliation issues.
• Develop, document, and maintain department procedures, guidelines, and controls to ensure regulatory compliance and operational efficiency.
• Partner with Product and Engineering teams to design and implement innovative solutions for process improvement and automation.
• Monitor and report fail exposures to senior management, ensuring robust risk management practices.
• Support and enhance systems integration to maintain data accuracy, consistency, and completeness across platforms.
• Stay informed on industry developments, technologies, and best practices to ensure Altruist remains at the forefront of settlement operations.
• Serve as the point of contact (POC) for fixed‑income escalations, ensuring prompt resolution and effective communication with stakeholders.
• Oversee and ensure compliance with TRACE and MSRB reporting requirements, maintaining accuracy and timeliness in reporting fixed‑income transactions.

What you bring

• Experience – 8+ years in brokerage operations and 4+ years in a people management position, with specific expertise in trade clearance and settlements for a self‑clearing broker‑dealer.
• Leadership skills – strong coaching abilities with a proven track record of building and managing high‑performing teams.
• Securities licenses – you studied hard and we’re excited to carry your series 7, 24, and 53 licenses.
• Technical aptitude – you’re technologically savvy and are proficient with DTC, NSCC, Obligation Warehouse, SMART Track, and other DTCC applications; expertise in fixed‑income processing and settlement.
• Ownership – the pride you put into every aspect of your work is unparalleled and undeniable.
• Superb communication – intentional dialogue is a superpower. You listen as well as you share your perspective with others.
• Resilience – we’re inspired by your unwavering determination to achieve success, no matter the adversity you face along the way.
• Assurance – your confidence is brilliant, yet ego‑less. You possess a strong knowledge base, the ability to discover the unknown, and are open to differing perspectives.
• Creative problem solving – identifying the problem is simply not enough. You’re instinctually creative with your approach in finding solutions to roadblocks.

What we bring

Attracting and retaining top‑tier talent is a priority. We are proud of the culture we’ve built and are cognizant of the ever‑changing professional landscape. Our dynamic offering of perks and benefits are tailored for you to feel your best while doing your best.

• A hybrid work schedule for most positions to promote strong, in‑person collaboration and a healthy work‑life‑balance.
• Stunning, amenity‑filled office spaces in Culver City, CA, San Francisco, CA, and Dallas, TX. Our offices are intentionally designed for comfort, collaboration, and productivity.
• Competitive pay, as well as equity for eligible positions.
• Premium healthcare, dental, and vision insurance plans.
• 401k savings plan with matching contributions and immediate vesting.
• Generous paid parental leave.
• Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee.
• Physical and emotional wellness programs that nurture both your mind and body.
• Company perks program (includes discounts on pet insurance, fitness, cell phone plans, entertainment and travel, etc.).
• Financial guidance program (includes counseling on navigating debt, tracking personal spend, saving and planning goals, home‑purchasing preparedness, etc.).

Total compensation includes a competitive benefits package along with equity in the form of Stock Options (ISOs) for eligible roles. For salaried positions, a salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. At Altruist, we are committed to providing fair, equitable, and competitive compensation by leveraging market data to inform our pay bands. Base salaries will be reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we are able to reward high performance and ensure all employees have opportunities for growth.

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.