Brokerage Clearing Specialist, Purchase & Sales Operations

About the role

DriveWealth is on a mission to make investing easier. We believe that everyone should have the ability to control their financial future, and that access to financial markets should not be limited by geography, wealth, or legacy systems. We are a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices. Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options. There's never been a better time to build a category-defining business and there has rarely been a team better positioned for this opportunity. Our culture blends the pace and agility of a fintech start-up with the impact, stability, and discipline of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. Join us and help build the future of global investing! Purchase & Sales Operations plays a critical role in trade processing, reconciliation, and settlement across various asset classes, primarily equities. This position ensures the timely and accurate confirmation of trades, supports regulatory reporting requirements, and coordinates with executing brokers, clients, and internal teams to resolve breaks and exceptions.

Responsibilities

• Review, match, and confirm trade data from executing brokers and counterparties
• Process equity and/or fixed income trade activity through the firm's 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 (e.g., SEC, FINRA, DTCC)
• Monitor trade settlement cycles and assist in fail management to avoid trade fails or buy-ins
• 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 financial exposure

Requirements

• 2+ years working in the P&S Dept with a Broker-Dealer
• P&S specialist with Equity/Option product knowledge
• Buy-in knowledge re: REGSHO rule
• Reconciliation of Equity Trade Breaks in CNS
• Obligation Warehouse monitoring and Corrective action
• Series 7
• Familiarity with industry utilities and platforms (e.g., DTCC, NSCC, TRAQS, NASDAQ WORKX and TRAFIX)
• Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor or take over sponsorship of an employment Visa at this time
• Working at DriveWealth
• Work Authorization
• Applicants must possess the legal right to work in the country where the position is located at the time of application. DriveWealth requires all employees to provide original documentation verifying their work authorization on or before their first day of employment.
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