Stock Borrow Loan (SBL) Associate

ABN AMRO Clearing USA LLC; Chicago (IL); Hybrid; USD 75,000 - 95,000; Full time

Benefits offered by this job

Hybrid work schedule

Generous paid time off

Health benefits including BCBS-IL plan

One Medical membership

401(k) plan with match

Tuition assistance

Job summary

ABN AMRO Clearing USA LLC is seeking a Stock Borrow Loan (SBL) Associate to support day-to-day SBL Operations and Buy-In activities for the US Equities Prime Brokerage business in Chicago. You will drive efficiency, client service, and regulatory compliance, impacting the bank's P&L.

The role involves high exposure to client and counterparty interactions, vendor relationships, and maintaining a culture of compliance in a dynamic team setting with hybrid onsite work.

Qualifications

• 1+ year experience in financial services
• Bachelor’s degree in Finance, or related field
• Ability to manage multiple tasks to meet deadlines
• Ability to solve difficult and complex problems
• Analytical thinking from both business and technical sides
• Advanced Excel skills including VBA macros
• Willingness to learn and transfer knowledge
• Constantly evaluating processes to improve them
• Excellent communication and interpersonal skills
• Ability to contribute in a dynamic team environment
• Self-motivated and committed to development
• Ability to act independently
• Prior work experience in SBL Operations, Back or Middle Office Operations, Buy-Ins, or related field
• Experience handling proprietary trading client and counterparty relationships
• Knowledge of custody and clearing
• Broker Dealer securities industry knowledge and regulatory understanding
• Corporate Actions knowledge both mandatory and voluntary events

Responsibilities

• Clear and settle US equity security borrow and loan financing transactions
• Handles both Regulatory and Counterparty driven buy-ins to mitigate firm market risk
• Answers client queries regarding recall and buy-in processes to enable clients in understanding short selling risks
• Develop business relationships with Stock Loan Counterparties
• Support and integrate with the securities finance trading desk
• Pledge and release US equity collateral for margin and bank loans
• Facilitate post-trade contract maintenance such as reconciliation, collateral mark to markets, recalls, and returns
• Process rate changes on contract collateral and reconcile resulting differences
• Collect and pay rebate rate accruals with street-side counterparties

Skills

Financial services experience

Multitasking

Problem solving

Analytical thinking

Communication

Team collaboration

Independent work

Self-motivated

Education

Bachelor's degree in Finance, or related field

Tools

Excel

VBA macros

Job description

Winner of Built In's 2025 Best Places to Work in Chicago & Midsize Companies to Work For in Chicago

About ABN AMRO Clearing USA LLC:

ABN AMRO Clearing USA LLC (AAC-USA) is a subsidiary of ABN AMRO Clearing Bank N.V. We are a global clearing firm that provides an integrated suite of financial services to professional trading participants in the global financial market.

The core service offering consists of clearing, execution, stock borrowing and lending, settlement. AAC-USA has a Global Reach through direct and indirect clearing memberships to over 90 of the world’s leading exchanges. Our international network provides comprehensive market access to exchange-listed instruments such as stocks, futures, and options. ABN AMRO Clearing USA LLC-Member FINRA, NFA, FIA and SIPC.

Job Overview:

The Stock Borrow Loan (SBL) Associate executes the day-to-day SBL Operations and Buy-In activities to drive and support the US Equities Prime Brokerage business.

The objective is to do so in the most efficient way as possible, ensuring client facilitation, regulatory compliance and maximum profit for the bank. There is a direct relationship between the way the SBL Operations Associate performs the job and the P&L of the company.

The SBL Associate will be in a very high exposure role to achieve and collaborate superior client service, counterparty strategy, development of vendor relationships, and maintaining a culture of compliance.

Job Responsibilities:

• Clear and settle US equity security borrow and loan financing transactions
• Handles both Regulatory and Counterparty driven buy-ins to mitigate firm market risk
• Answers client queries regarding recall and buy-in processes to our enable clients in understanding short
• selling risks
• Develop business relationships with Stock Loan Counterparties
• Support and integrate with the securities finance trading desk
• Pledge and release US equity collateral for margin and bank loans
• Facilitate post-trade contract maintenance such as reconciliation, collateral mark to markets, recalls, and
• returns
• Process rate changes on contract collateral and reconcile resulting differences
• Collect and pay rebate rate billing accruals with street-side counterparties

Basic Qualifications:

• 1+ year experience working in financial services
• Bachelor’s degree in Finance, or related field
• Ability to effectively handle multiple tasks to meet deadlines
• Ability to think through and solve difficult and complex problems
• Analytical thinking from both the business and technical sides
• Advanced excel skills including VBA macros, programming languages
• Great desire to learn and willingly transfer knowledge to enable others
• Constantly evaluating process to improve upon them
• Excellent communication and interpersonal skills
• Ability to contribute in a dynamic team environment
• Self-motivated and committed to personal and professional development
• Ability to act independently

Preferred Qualifications:

• Prior work experience in SBL Operations, Back or Middle Office Operations, Buy-Ins, or related field
• supporting US Equities
• Experience handling proprietary trading client and counterparty relationships
• Knowledge of custody and clearing
• Broker Dealer securities industry knowledge and understanding of regulations
• Corporate Actions knowledge both mandatory and voluntary events

Annual base salary, not including discretionary bonus eligibility: $75,000-$95,000

Perks and Benefits:

As a global leader in financial services, we rely on our employees to deliver their best work for our clients. We invest in our employees by offering a host of benefits and perks.

• Flexible hybrid work schedules (generally a minimum of three days per week onsite) with a one-time stipend to help improve hybrid working capabilities
• Generous paid time off, sick days, market-based holiday schedule, sabbatical leave, parental/bonding leave plan and volunteer day off
• Competitive health benefit offerings, including choice of medical plans through BCBS-IL, dental plan, vision and flexible spending accounts
• Complimentary annual membership to One Medical, a dedicated EAP and a benefits concierge service
• Employer paid benefits such as term life, AD&D and disability insurance
• Robust 401(k) Plan with a generous match and vesting schedule
• Annual learning stipend and tuition assistance program to help employees pursue additional education
• Company-issued laptops and role dependent mobile stipend
• Corporate Divvy memberships and pre-tax commuter benefits
• Monthly wellness subsidy available to be used towards wellness and fitness activities
• Regular, open communication including monthly Town Hall meetings with the Management Team
• A matrixed, culture-based organization with collaborative teams that promote diversity, equity and inclusion
• Free coffee & tea, fresh fruit and snacks, “bagel Wednesday” and monthly treats to celebrate workiversaries and birthdays
• Employee-led committees to bring awareness and inclusive activities to our employees
• Modern open office with a large kitchen/meeting gathering area – including foosball and ping pong tables
• Private, well-equipped Mother’s room
• Office is conveniently located in the Chicago Loop Financial District – close to CTA and Metra
• Well-maintained building (an architectural “masterpiece”) and a part of Chicago history – with a robust business center, gym, restaurants, café, game room and a shared rooftop terrace with green space

This information is intended as a summary of potential benefits only. Eligibility for the plans and programs listed here depends on the nature of employment, length of service and other factors. Actual coverage is governed by supporting summary plan descriptions and related policies.

ABN AMRO Clearing USA (AAC-USA) is proud to be an equal opportunity employer. AAC-USA celebrates diversity and does not discriminate on the basis of actual or perceived race; creed; color; religion; alienage or national origin; ancestry; citizenship status; age; disability or handicap; sex; marital status; veteran status; sexual orientation; status as a survivor of domestic violence, sex offenses, or stalking; genetic predisposition or carrier status; gender identity or expression; or any other characteristic protected by applicable federal, state or local laws.

We cultivate a culture of inclusion for all employees that respects individual strengths, views and experiences. This enables us to be a better and stronger team – one that makes better decisions and delivers better business results. AAC-USA participates in the E-Verify program in the US.