Vice President, Fixed Income Settlements

About the role

This role will initially focus on fixed income settlement and related cash, position, and suspense reconciliations. Over time, responsibilities will expand through cross-training as business needs evolve. The ideal candidate is adaptable, detail-oriented, and comfortable operating in a fast-paced, control-driven environment.

Responsibilities

• Domestic fixed income and US treasury fail control.
• Handle daily settlement activity at BONY and DTC for fixed income repo activity.
• Maintain communication with repo trading business to resolve discrepancies and minimize business and operational risk.
• Coordinate with Treasury and trading desk for daily funding projections.
• Perform daily reconciliation of cash, position, and suspense accounts and resolve breaks in a timely manner
• Execute and document daily key controls in accordance with internal policies and regulatory requirements
• Ensure compliance with applicable regulations
• Identify, design, and implement automation opportunities to improve reporting accuracy, operational efficiency, and risk mitigation
• Develop and maintain Standard Operating Procedures (SOPs to support training, incident response, and operational continuity)
• Participate in cross-training and knowledge sharing to drive process improvement, scalability, and team effectiveness

Requirements

• At least eight (8) years of professional experience in settlements preferable FED and DTC
• Experience working with Fixed Income, including factor adjustments, P&I, BONY, DTC settlement
• Understand the trade lifecycle of fixed income assets
• Bony broker dealer clearing platform knowledge
• DTC Settlement web knowledge
• Series 99 or 7 exam
• Strong risk and control mindset with experience operating in regulated environments
• Proven experience working with large data sets and performing operational reconciliations
• Ability to work independently with minimal supervision while managing competing priorities
• Experience in a fast-paced, multifaceted broker-dealer, clearing, or custody operations environment
• Strong analytical and problem-solving skills with a proactive approach to identifying issues and implementing process improvements
• Experience in ACAT related transfers is a strong plus

Benefits

Additional Information

About Clear Street: Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets. We started from scratch by building a completely cloud-native clearing and custody system designed for today's complex, global market. Clear Street's proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency. By combining highly-skilled product and engineering talent with seasoned finance professionals, we're building the essentials to compete in today's fast-paced markets. The Team: The Settlements team sits within Clear Street's Global Custody department, alongside Global Tax Operations, Asset Servicing, and Dev Ops. The team is responsible for the accurate and timely settlement of securities transactions and the associated cash and position movements, operating within a highly regulated broker-dealer environment.

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